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Economy of Cayman Islands vs Haiti compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $25.2B for Haiti, ranking 158/197 and 117/197 by economy size, respectively.

Cayman Islands vs Haiti GDP by year

Cayman Islands
Haiti
1x
Year GDP, current $
Cayman Islands Haiti
2024 - $25,224,154,991
2023 $7,241,244,269 $19,850,585,722
2022 $6,660,161,212 $20,253,551,921
2021 $6,060,813,808 $20,944,387,976
2020 $5,655,357,984 $14,508,222,518
2019 $5,941,896,600 $15,016,090,930
2018 $5,530,178,499 $16,403,864,618
2017 $5,166,281,293 $15,093,357,161
2016 $4,909,322,200 $14,069,277,526
2015 $4,708,167,255 $14,849,629,309
2014 $4,562,853,582 $15,146,883,498
2013 $4,405,796,081 $14,902,488,604
2012 $4,291,004,486 $13,708,925,477
2011 $4,186,073,160 $13,008,746,039
2010 $4,156,841,164 $11,859,312,725
2009 $4,281,714,618 $11,597,002,835
2008 $4,585,948,969 $10,432,962,635
2007 $4,466,278,031 $9,228,637,768
2006 $4,200,288,282 $7,638,739,123
2005 - $7,030,149,730
2004 - $6,087,360,684
2003 - $5,071,947,798
2002 - $6,205,847,214
2001 - $6,331,970,324
2000 - $6,813,566,099
1999 - $4,153,725,884
1998 - $3,723,903,724
1997 - $3,338,949,152
1996 - $2,907,517,604
1995 - $2,813,313,279
1994 - $2,167,569,046
1993 - $1,878,253,767
1992 - $2,257,129,792
1991 - $3,473,562,628
1990 - $3,096,289,800
1989 - $2,736,243,800
1988 - $2,613,926,800
1987 - $2,047,200,000
1986 - $2,318,000,000
1985 - $2,009,400,000
1984 - $1,816,200,000
1983 - $1,623,600,000
1982 - $1,474,200,000
1981 - $1,479,400,000
1980 - $1,383,800,000
1979 - $1,080,600,000
1978 - $974,200,000
1977 - $947,000,000
1976 - $879,000,000
1975 - $681,400,000
1974 - $565,399,322
1973 - $466,798,973
1972 - $371,998,958
1971 - $362,800,000
1970 - $331,200,000
1969 - $391,820,400
1968 - $367,968,800
1967 - $369,124,200
1966 - $368,948,600
1965 - $353,251,800
1964 - $325,281,200
1963 - $294,883,400
1962 - $281,896,800
1961 - $271,066,000
1960 - $273,187,200

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/haiti | CC BY

GDP per capita in Cayman Islands vs Haiti by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $2,143 $3,194
2023 $99,144 $88,428 $1,706 $3,292
2022 $93,031 $82,296 $1,761 $3,275
2021 $86,450 $74,160 $1,841 $3,145
2020 $82,339 $66,119 $1,290 $3,103
2019 $88,254 $72,697 $1,352 $3,237
2018 $83,866 $71,812 $1,496 $3,197
2017 $80,054 $68,018 $1,395 $3,339
2016 $77,802 $65,680 $1,318 $3,253
2015 $76,379 $64,009 $1,411 $3,026
2014 $75,845 $63,561 $1,460 $3,076
2013 $75,114 $63,648 $1,458 $3,042
2012 $75,102 $64,727 $1,361 $2,830
2011 $75,281 $66,629 $1,312 $2,858
2010 $76,838 $66,325 $1,210 $2,695
2009 $81,374 $69,254 $1,197 $2,855
2008 $89,655 $76,297 $1,095 $2,724
2007 $89,888 $77,337 $985 $2,647
2006 $87,085 $75,191 $829 $2,504
2005 - - $776 $2,427
2004 - - $683 $2,322
2003 - - $579 $2,331
2002 - - $721 $2,248
2001 - - $749 $2,230
2000 - - $821 $2,229
1999 - - $510 $2,201
1998 - - $465 $2,152
1997 - - $425 $2,122
1996 - - $377 $2,070
1995 - - $372 $1,989
1994 - - $292.1 $1,807
1993 - - $258.1 $2,048
1992 - - $316 $2,158
1991 - - $497 $2,273
1990 - - $452 $2,202
1989 - - $407 -
1988 - - $397 -
1987 - - $318 -
1986 - - $367 -
1985 - - $325 -
1984 - - $299.2 -
1983 - - $272.8 -
1982 - - $252.6 -
1981 - - $258.5 -
1980 - - $246.5 -
1979 - - $196.2 -
1978 - - $180.3 -
1977 - - $178.7 -
1976 - - $169.1 -
1975 - - $133.6 -
1974 - - $113 -
1973 - - $95.1 -
1972 - - $77.3 -
1971 - - $76.8 -
1970 - - $71.5 -
1969 - - $86.1 -
1968 - - $82.4 -
1967 - - $84.2 -
1966 - - $85.7 -
1965 - - $83.6 -
1964 - - $78.5 -
1963 - - $72.4 -
1962 - - $70.4 -
1961 - - $69 -
1960 - - $70.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/haiti | CC BY

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $2,143 in Haiti, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Haiti ranks 177th at $3,194.

Economic indicators

Cayman Islands Haiti
Gross domestic product
$7.24B
2023
$25.2B
2024
GDP rank
158/197
2023
117/197
2024
GDP growth
5.82%
2022-2023
-4.17%
2023-2024
GDP per capita
$99,144
2023
$2,143
2024
GDP per capita rank
6/197
2023
153/197
2024
GDP per capita, PPP
$88,428
2023
$3,194
2024
GDP per capita PPP rank
10/197
2023
177/197
2024
Government debt n/a
$3.91B
2024
Debt-to-GDP ratio n/a
15.5%
2024
Government debt per person n/a
$332
2024
Government debt per person rank n/a
176/185
2024
Average annual personal income after taxes
$93,253
2026
$1,896
2026
Market capitalization of domestic companies
$644M
2020
n/a
Income share by richest 10% n/a
31.2%
2012
Income share by poorest 10% n/a
2.1%
2012
Government expenditure, % of GDP
14%
2025
5.25%
2024
Consumer prices inflation
-0.63%
2015-2016
26.9%
2023-2024
Unemployment rate
4.24%
2015
14.1%
2012
Population
77619
12076663

Inflation comparison by year

Inflation
Cayman Islands

Haiti
1x
Year Consumer prices inflation
Cayman Islands Haiti
2024 - 26.9%
2023 - 36.8%
2022 - 34%
2021 - 16.8%
2020 - 22.8%
2019 - 18.7%
2018 - 12.5%
2017 - 10.7%
2016 -0.63% 11.5%
2015 -2.35% 6.73%
2014 1.27% 3.44%
2013 2.16% 4.77%
2012 1.19% 5.02%
2011 1.33% 6.33%
2010 0.28% 4.83%
2009 - 0.39%
2008 - 15.3%
2007 - 6.56%
2006 - 11.3%
2005 - 14%
2004 - 21%
2003 - 28.7%
2002 - 7.03%
2001 - 13.3%
2000 - 9.33%
1999 - 3%
1998 - 5.27%
1997 - 20.6%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/haiti | CC BY

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 6.09% in Haiti. In 2016, inflation was -0.63% in the Cayman Islands and 26.9% in Haiti.

Balance of trade

Cayman Islands Haiti
Current account balance
-$713M
2023
-$145M
2024
Current account balance ranking
116/190
2023
92/190
2024
Current account balance, % of GDP
-9.84%
2023
-0.58%
2024
Goods imports
$1.64B
2023
$4.27B
2024
Goods exports
$150M
2023
$767M
2024
Service imports
$1.8B
2023
$518M
2024
Service exports
$4.45B
2023
$96.6M
2024
Imports of goods and services, % of GDP
45.8%
2020
18.8%
2024
Exports of goods and services, % of GDP
59.6%
2020
3.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Cayman Islands Haiti
Economic freedom 74 46.1
Economic freedom ranking 22/197 178/197
Property rights n/a 6.6
Government integrity n/a 13
Judicial effectiveness n/a 17.3
Tax burden n/a 81.7
Government spending n/a 98.7
Fiscal health n/a 99.5
Business freedom n/a 30.7
Labor freedom n/a 54.7
Monetary freedom n/a 45.1
Trade freedom n/a 66.4
Investment freedom n/a 20
Financial freedom n/a 20

Other economic metrics

Cayman Islands Haiti
Services, % of GDP
86%
2023
48.3%
2024
Industry, % of GDP
7.84%
2023
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
15.9%
2024
GNI, Atlas method
$5.53B
2023
$20.7B
2024
GNI per capita, PPP
$68,030
2023
$3,190
2024
Total reserves including gold
$234M
2023
$2.72B
2024
Total reserves ranking
169/177
2023
121/177
2024
Net foreign direct investment
-$5.52B
2023
-$20M
2024
Net inflows of foreign direct investment
$35.9B
2024
$20M
2024
Net outflows of foreign direct investment
$27.2B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.15%
2024
Poverty at national poverty lines n/a
58.5%
2012
Gross capital formation, % of GDP n/a
9.94%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/cayman-islands/haiti | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.