The Cayman Islands vs Jamaica: Economic Indicators Comparison

Jamaica with a GDP of $15.7B ranked the 122nd largest economy in the world, while the Cayman Islands ranked 158th with $5.1B. By GDP per capita, Jamaica and the Cayman Islands ranked 106th vs 6th, respectively.

Gross Domestic Product & Income

StatCayman IslandsJamaica
GDP$5.1B$15.7B
GDP growth, 1 year3.04%1.4%
GDP growth, 5-years averageN/A1%
Population58k2.9M
GDP per capita$81k$5.4k
GDP per capita growth1.72%1.45%
Purchasing Power Parity conversion factor0.9373.98
Price level ratio of PPP conversion factor GDP to market exchange rate1.120.57
GDP per capita, PPP adjusted$73k$9.4k
GNI, Atlas method$3B$14.6B
GNI per capita$47k$5k
GNI, PPP adjusted$2.8B$26.1B
GNI per capita, PPP adjusted$44k$8.9k

Financial system and Human development

StatCayman IslandsJamaica
Income Tax RateN/A25%
Corporate Tax RateN/A25%
Inflation, consumer prices-0.6%3.7%
Inflation, GDP deflator1.9%4.8%
Unemployment4.2%9.5%
Economic Freedom Index7468.5
Personal Freedom Index8.17.29
Human Freedom Index8.17.16
Property Rights IndexN/A62.1
Judical Effectiveness IndexN/A50.5
Business Freedom IndexN/A77.7
Fiscal Health IndexN/A80.2
Labor Freedom IndexN/A74
Investment Freedom IndexN/A80
Financial Freedom IndexN/A50
Trade Freedom IndexN/A68.4
Monetary Freedom IndexN/A77.7
Government Spending IndexN/A74.8
Tax Burden IndexN/A80
Government Integrity IndexN/A46.8
Corruption Perceptions Index7644
Life expectancy at birth, years82.274.3
Suicide mortality rate, per 100,000 people0.52.2
Mortality caused by road traffic injury, per 100,000 people1413.6
Intentional homicides, per 100,000 people8.557
International tourism, number of arrivals463k2.5M

Government debt & reserves

StatCayman IslandsJamaica
Central government debt, % of GDPN/A99.4%
External debt stocks, % of GNIN/A108%
External debt stocksN/A$16.3B
Short-term debt, % of total reservesN/A56.4%
Total debt service, % of exports and primary incomeN/A20.4%
Adjusted net savings including particulate emission damage, % of GNIN/A15.9%
Gross savings, % of GDPN/A21.3%
Gross capital formation, % of GDPN/A23.3%
Total reserves including gold$162.1M$3.5B
Foreign direct investment net inflows$57.4B$774.6M

Exports, imports and economic structure

StatCayman IslandsJamaica
Exports of goods and services, % of GDPN/A38%
Imports of goods and services, % of GDPN/A51.1%
Current account balance (balance of payments)-$997.9M-$287.6M
Revenue excluding grants, % of GDPN/A29.3%
Grants excluding technical cooperation, BoP$0$96.8M
Personal remittances received$15.6M$2.5B
Industry including construction value added, % of GDP7.2%20.3%
Agriculture, forestry and fishing value added, % of GDP0.4%6.6%
Charges for the use of intellectual property, payments BoP$68M$50.8M
Charges for the use of intellectual property, receipts BoP$9.3M$5.3M
Expense, % of GDPN/A26.7%
Government Expenditure, % of GDPN/A29%

Compare with countries close by GDP per capita

Cayman Islands vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

Jamaica vs

CountryGDP
per capita
Population
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M