The Cayman Islands vs Iraq: Economic Indicators Comparison
Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while the Cayman Islands ranked 158th with $5.1B. By GDP per capita, Iraq and the Cayman Islands ranked 103rd vs 6th, respectively.
Gross Domestic Product & Income
| Stat |  Cayman Islands |  Iraq |
|---|---|---|
| GDP | $5.1B | $224.2B |
| GDP growth, 1 year | 3.04% | 0.6% |
| GDP growth, 5-years average | N/A | 3.1% |
| Population | 58k | 38.3M |
| GDP per capita | $81k | $5.8k |
| GDP per capita growth | 1.72% | -2.84% |
| Purchasing Power Parity conversion factor | 0.93 | 395.51 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1.12 | 0.33 |
| GDP per capita, PPP adjusted | $73k | $18k |
| GNI, Atlas method | $3B | $193.6B |
| GNI per capita | $47k | $5k |
| GNI, PPP adjusted | $2.8B | $661.5B |
| GNI per capita, PPP adjusted | $44k | $17k |
Financial system and Human development
| Stat | Cayman Islands | Iraq |
|---|---|---|
| Income Tax Rate | N/A | 15% |
| Corporate Tax Rate | N/A | 15% |
| Inflation, consumer prices | -0.6% | 0.4% |
| Inflation, GDP deflator | 1.9% | 15.4% |
| Unemployment | 4.2% | 7.9% |
| Economic Freedom Index | 74 | 21 |
| Personal Freedom Index | 8.1 | 3.21 |
| Human Freedom Index | 8.1 | 4.28 |
| Property Rights Index | N/A | 43.9 |
| Judical Effectiveness Index | N/A | 11.2 |
| Business Freedom Index | N/A | 52.6 |
| Fiscal Health Index | N/A | 76.6 |
| Labor Freedom Index | N/A | 44.8 |
| Investment Freedom Index | N/A | N/A |
| Financial Freedom Index | N/A | N/A |
| Trade Freedom Index | N/A | N/A |
| Monetary Freedom Index | N/A | 76.4 |
| Government Spending Index | N/A | 59.5 |
| Tax Burden Index | N/A | N/A |
| Government Integrity Index | N/A | 20.8 |
| Corruption Perceptions Index | 76 | 18 |
| Life expectancy at birth, years | 82.2 | 70.3 |
| Suicide mortality rate, per 100,000 people | 0.5 | 3 |
| Mortality caused by road traffic injury, per 100,000 people | 14 | 20.7 |
| Intentional homicides, per 100,000 people | 8.5 | 9.9 |
| International tourism, number of arrivals | 463k | 892k |
Government debt & reserves
| Stat | Cayman Islands | Iraq |
|---|---|---|
| Central government debt, % of GDP | N/A | 48.4% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | -7% |
| Gross savings, % of GDP | N/A | 20.1% |
| Gross capital formation, % of GDP | N/A | 12.9% |
| Total reserves including gold | $162.1M | $64.7B |
| Foreign direct investment net inflows | $57.4B | -$4.9B |
Exports, imports and economic structure
| Stat | Cayman Islands | Iraq |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | 44% |
| Imports of goods and services, % of GDP | N/A | 35.9% |
| Current account balance (balance of payments) | -$997.9M | $34.4B |
| Revenue excluding grants, % of GDP | N/A | 26.3% |
| Grants excluding technical cooperation, BoP | $0 | $1.7B |
| Personal remittances received | $15.6M | $741.7M |
| Industry including construction value added, % of GDP | 7.2% | 56.1% |
| Agriculture, forestry and fishing value added, % of GDP | 0.4% | 2% |
| Charges for the use of intellectual property, payments BoP | $68M | $7.8M |
| Charges for the use of intellectual property, receipts BoP | $9.3M | $100k |
| Expense, % of GDP | N/A | 25.3% |
| Government Expenditure, % of GDP | N/A | 36.7% |
