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Economy of Cayman Islands vs Malaysia compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $422B for Malaysia, ranking 158/197 and 38/197 by economy size, respectively.

Cayman Islands vs Malaysia GDP by year

Cayman Islands
Malaysia
1x
Year GDP, current $
Cayman Islands Malaysia
2024 - $422,227,005,429
2023 $7,241,244,269 $399,949,418,753
2022 $6,660,161,212 $407,830,525,990
2021 $6,060,813,808 $373,784,553,030
2020 $5,655,357,984 $337,456,163,961
2019 $5,941,896,600 $365,177,721,022
2018 $5,530,178,499 $358,788,845,713
2017 $5,166,281,293 $319,109,094,160
2016 $4,909,322,200 $301,256,033,870
2015 $4,708,167,255 $301,355,266,965
2014 $4,562,853,582 $338,066,095,097
2013 $4,405,796,081 $323,276,235,524
2012 $4,291,004,486 $314,443,047,642
2011 $4,186,073,160 $297,951,668,675
2010 $4,156,841,164 $255,017,638,456
2009 $4,281,714,618 $202,257,453,037
2008 $4,585,948,969 $230,811,614,370
2007 $4,466,278,031 $193,549,569,478
2006 $4,200,288,282 $162,692,258,307
2005 - $143,534,405,819
2004 - $124,749,473,684
2003 - $110,202,368,421
2002 - $100,845,526,316
2001 - $92,783,947,368
2000 - $93,789,736,842
1999 - $79,148,421,053
1998 - $72,167,498,981
1997 - $100,005,323,302
1996 - $100,855,393,910
1995 - $88,705,342,903
1994 - $74,478,356,958
1993 - $66,894,966,969
1992 - $59,167,550,163
1991 - $49,143,148,094
1990 - $44,024,585,240
1989 - $38,847,965,293
1988 - $35,272,109,220
1987 - $32,181,210,158
1986 - $27,734,111,400
1985 - $31,199,633,353
1984 - $33,942,897,422
1983 - $30,347,442,111
1982 - $26,804,493,635
1981 - $25,004,285,792
1980 - $24,488,224,677
1979 - $21,213,264,962
1978 - $16,358,079,862
1977 - $13,139,488,633
1976 - $11,050,234,599
1975 - $9,298,800,799
1974 - $9,496,204,302
1973 - $7,662,902,678
1972 - $5,043,347,250
1971 - $4,244,395,956
1970 - $3,864,145,667
1969 - $3,664,552,041
1968 - $3,330,371,551
1967 - $3,188,924,677
1966 - $3,143,517,944
1965 - $2,956,337,669
1964 - $2,674,423,922
1963 - $2,510,110,348
1962 - $2,001,489,602
1961 - $1,901,856,123
1960 - $1,916,229,477

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

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

GDP per capita in Cayman Islands vs Malaysia by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $11,874 $38,779
2023 $99,144 $88,428 $11,386 $36,467
2022 $93,031 $82,296 $11,755 $34,420
2021 $86,450 $74,160 $10,903 $29,823
2020 $82,339 $66,119 $9,958 $27,475
2019 $88,254 $72,697 $10,920 $28,934
2018 $83,866 $71,812 $10,902 $27,794
2017 $80,054 $68,018 $9,863 $26,416
2016 $77,802 $65,680 $9,477 $25,286
2015 $76,379 $64,009 $9,649 $24,526
2014 $75,845 $63,561 $11,013 $24,307
2013 $75,114 $63,648 $10,714 $23,161
2012 $75,102 $64,727 $10,601 $22,639
2011 $75,281 $66,629 $10,217 $21,324
2010 $76,838 $66,325 $8,899 $20,193
2009 $81,374 $69,254 $7,191 $18,923
2008 $89,655 $76,297 $8,372 $19,480
2007 $89,888 $77,337 $7,169 $18,617
2006 $87,085 $75,191 $6,158 $17,426
2005 - - $5,556 $16,371
2004 - - $4,939 $15,416
2003 - - $4,465 $14,387
2002 - - $4,184 $13,656
2001 - - $3,944 $13,072
2000 - - $4,084 $13,027
1999 - - $3,528 $11,980
1998 - - $3,294 $11,398
1997 - - $4,679 $12,469
1996 - - $4,837 $11,709
1995 - - $4,363 $10,720
1994 - - $3,758 $9,806
1993 - - $3,462 $9,018
1992 - - $3,141 $8,224
1991 - - $2,679 $7,583
1990 - - $2,469 $6,887
1989 - - $2,244 -
1988 - - $2,100 -
1987 - - $1,977 -
1986 - - $1,760 -
1985 - - $2,046 -
1984 - - $2,300 -
1983 - - $2,124 -
1982 - - $1,938 -
1981 - - $1,866 -
1980 - - $1,886 -
1979 - - $1,680 -
1978 - - $1,327 -
1977 - - $1,092 -
1976 - - $940 -
1975 - - $811 -
1974 - - $848 -
1973 - - $701 -
1972 - - $472 -
1971 - - $407 -
1970 - - $380 -
1969 - - $368 -
1968 - - $342 -
1967 - - $335 -
1966 - - $339 -
1965 - - $326 -
1964 - - $303 -
1963 - - $291.8 -
1962 - - $238.8 -
1961 - - $232.9 -
1960 - - $240.8 -

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

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Malaysia ranks 60th at $38,779.

Economic indicators

Cayman Islands Malaysia
Gross domestic product
$7.24B
2023
$422B
2024
GDP rank
158/197
2023
38/197
2024
GDP growth
5.82%
2022-2023
5.11%
2023-2024
GDP per capita
$99,144
2023
$11,874
2024
GDP per capita rank
6/197
2023
79/197
2024
GDP per capita, PPP
$88,428
2023
$38,779
2024
GDP per capita PPP rank
10/197
2023
60/197
2024
Government debt n/a
$296B
2024
Debt-to-GDP ratio n/a
70.1%
2024
Government debt per person n/a
$8,322
2024
Government debt per person rank n/a
62/185
2024
Average annual personal income after taxes
$93,253
2026
$11,005
2026
Market capitalization of domestic companies
$644M
2020
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10% n/a
30.9%
2021
Income share by poorest 10% n/a
2.3%
2021
Government expenditure, % of GDP
14%
2025
23.9%
2024
Consumer prices inflation
-0.63%
2015-2016
1.83%
2023-2024
Central bank interest rate n/a
2.75%
2025
Unemployment rate
4.24%
2015
3.93%
2022
Population
77619
36512221

Inflation comparison by year

Inflation
Cayman Islands

Malaysia
1x
Year Consumer prices inflation
Cayman Islands Malaysia
2024 - 1.83%
2023 - 2.49%
2022 - 3.38%
2021 - 2.48%
2020 - -1.14%
2019 - 0.66%
2018 - 0.88%
2017 - 3.87%
2016 -0.63% 2.09%
2015 -2.35% 2.1%
2014 1.27% 3.14%
2013 2.16% 2.11%
2012 1.19% 1.66%
2011 1.33% 3.17%
2010 0.28% 1.62%
2009 - 0.58%
2008 - 5.44%
2007 - 2.03%
2006 - 3.61%
2005 - 2.98%
2004 - 1.42%
2003 - 1.09%
2002 - 1.81%
2001 - 1.42%
2000 - 1.53%
1999 - 2.74%
1998 - 5.27%
1997 - 2.66%

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

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 2.27% in Malaysia. In 2016, inflation was -0.63% in the Cayman Islands and 1.83% in Malaysia.

Top exports between countries

Cayman Islands
Export category Export value
Malaysia
Export category Export value
Machinery & equipment $35.6M
Processed food, beverages & tobacco $280K
Miscellaneous $34K
Chemicals & pharma $18K
Raw materials & minerals $12K
Precious metals & jewellery $11K
Wood & paper products $11K
Textiles & consumer goods $7K

Balance of trade

Cayman Islands Malaysia
Current account balance
-$713M
2023
$7.15B
2024
Current account balance ranking
116/190
2023
26/190
2024
Current account balance, % of GDP
-9.84%
2023
+1.69%
2024
Goods imports
$1.64B
2023
$223B
2024
Goods exports
$150M
2023
$248B
2024
Service imports
$1.8B
2023
$56.4B
2024
Service exports
$4.45B
2023
$53.4B
2024
Imports of goods and services, % of GDP
45.8%
2020
66%
2024
Exports of goods and services, % of GDP
59.6%
2020
71.3%
2024

Economic freedom indices

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

Cayman Islands Malaysia
Economic freedom 74 68
Economic freedom ranking 22/197 51/197
Property rights n/a 62.7
Government integrity n/a 52.9
Judicial effectiveness n/a 63.4
Tax burden n/a 83.5
Government spending n/a 82
Fiscal health n/a 62.5
Business freedom n/a 79.6
Labor freedom n/a 55.4
Monetary freedom n/a 80.8
Trade freedom n/a 83
Investment freedom n/a 60
Financial freedom n/a 50

Other economic metrics

Cayman Islands Malaysia
Services, % of GDP
86%
2023
53.7%
2024
Industry, % of GDP
7.84%
2023
37%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
8.13%
2024
GNI, Atlas method
$5.53B
2023
$414B
2024
GNI per capita, PPP
$68,030
2023
$37,450
2024
Total reserves including gold
$234M
2023
$116B
2024
Total reserves ranking
169/177
2023
24/177
2024
Net foreign direct investment
-$5.52B
2023
-$2.55B
2024
Net inflows of foreign direct investment
$35.9B
2024
$15.6B
2024
Net outflows of foreign direct investment
$27.2B
2024
$13B
2024
Poverty at national poverty lines n/a
5.8%
2023
Gross capital formation, % of GDP n/a
22%
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/malaysia | 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. TradeMap (2020–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.

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.