The Cayman Islands vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while the Cayman Islands ranked 158th with $5.1B. By GDP per capita, Italy and the Cayman Islands ranked 29th vs 6th, respectively.

Gross Domestic Product & Income

Stat	Cayman Islands	Italy
GDP	$5.1B	$2.1T
GDP growth, 1 year	3.04%	0.9%
GDP growth, 5-years average	N/A	0.9%
Population	58k	60.3M
GDP per capita	$81k	$34k
GDP per capita growth	1.72%	0.95%
Purchasing Power Parity conversion factor	0.93	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	1.12	0.82
GDP per capita, PPP adjusted	$73k	$40k
GNI, Atlas method	$3B	$2T
GNI per capita	$47k	$34k
GNI, PPP adjusted	$2.8B	$2.6T
GNI per capita, PPP adjusted	$44k	$42k

Financial system and Human development

Stat	Cayman Islands	Italy
Income Tax Rate	N/A	43%
Corporate Tax Rate	N/A	27.5%
Inflation, consumer prices	-0.6%	1.2%
Inflation, GDP deflator	1.9%	0.9%
Unemployment	4.2%	10.2%
Economic Freedom Index	74	63.8
Personal Freedom Index	8.1	8.79
Human Freedom Index	8.1	8.01
Property Rights Index	N/A	75.4
Judical Effectiveness Index	N/A	51.3
Business Freedom Index	N/A	70.4
Fiscal Health Index	N/A	71.1
Labor Freedom Index	N/A	50.9
Investment Freedom Index	N/A	80
Financial Freedom Index	N/A	50
Trade Freedom Index	N/A	86.4
Monetary Freedom Index	N/A	83.2
Government Spending Index	N/A	28.5
Tax Burden Index	N/A	56
Government Integrity Index	N/A	62.2
Corruption Perceptions Index	76	52
Life expectancy at birth, years	82.2	83.2
Suicide mortality rate, per 100,000 people	0.5	8.2
Mortality caused by road traffic injury, per 100,000 people	14	5.6
Intentional homicides, per 100,000 people	8.5	0.7
International tourism, number of arrivals	463k	61.6M

Government debt & reserves

Stat	Cayman Islands	Italy
Central government debt, % of GDP	N/A	132.1%
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	6%
Gross savings, % of GDP	N/A	20.8%
Gross capital formation, % of GDP	N/A	18.2%
Total reserves including gold	$162.1M	$152.4B
Foreign direct investment net inflows	$57.4B	$39.6B

Exports, imports and economic structure

Stat	Cayman Islands	Italy
Exports of goods and services, % of GDP	N/A	31.5%
Imports of goods and services, % of GDP	N/A	29%
Current account balance (balance of payments)	-$997.9M	$53.8B
Revenue excluding grants, % of GDP	N/A	37.7%
Grants excluding technical cooperation, BoP	$0	N/A
Personal remittances received	$15.6M	$9.9B
Industry including construction value added, % of GDP	7.2%	21.4%
Agriculture, forestry and fishing value added, % of GDP	0.4%	1.9%
Charges for the use of intellectual property, payments BoP	$68M	$5.1B
Charges for the use of intellectual property, receipts BoP	$9.3M	$4.9B
Expense, % of GDP	N/A	41.3%
Government Expenditure, % of GDP	N/A	48.8%