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Economy of Cayman Islands vs Mali compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $26.8B for Mali, ranking 158/197 and 113/197 by economy size, respectively.

Cayman Islands vs Mali GDP by year

Cayman Islands
Mali
1x
Year GDP, current $
Cayman Islands Mali
2024 - $26,794,747,240
2023 $7,241,244,269 $24,813,860,599
2022 $6,660,161,212 $22,539,987,719
2021 $6,060,813,808 $22,999,245,263
2020 $5,655,357,984 $20,698,560,939
2019 $5,941,896,600 $20,477,421,885
2018 $5,530,178,499 $20,368,015,381
2017 $5,166,281,293 $18,308,362,040
2016 $4,909,322,200 $16,743,796,800
2015 $4,708,167,255 $15,583,181,170
2014 $4,562,853,582 $17,081,681,993
2013 $4,405,796,081 $15,747,192,681
2012 $4,291,004,486 $14,795,114,603
2011 $4,186,073,160 $15,452,791,789
2010 $4,156,841,164 $12,710,739,159
2009 $4,281,714,618 $12,155,217,833
2008 $4,585,948,969 $11,462,490,840
2007 $4,466,278,031 $9,699,047,443
2006 $4,200,288,282 $8,212,007,554
2005 - $7,429,066,951
2004 - $6,485,774,930
2003 - $5,605,613,011
2002 - $4,647,238,257
2001 - $4,124,281,594
2000 - $3,521,570,876
1999 - $4,091,446,054
1998 - $3,894,433,432
1997 - $3,414,879,486
1996 - $3,743,103,420
1995 - $3,373,322,735
1994 - $2,655,768,636
1993 - $3,632,801,877
1992 - $3,680,775,037
1991 - $3,576,562,682
1990 - $3,248,417,791
1989 - $2,824,822,489
1988 - $2,712,207,901
1987 - $2,437,004,680
1986 - $2,132,938,007
1985 - $1,594,347,021
1984 - $1,387,809,615
1983 - $1,496,616,127
1982 - $1,680,304,773
1981 - $2,234,583,940
1980 - $2,704,362,789
1979 - $1,595,422,956
1978 - $1,222,702,573
1977 - $1,049,838,548
1976 - $939,228,017
1975 - $830,710,615
1974 - $538,747,340
1973 - $563,683,703
1972 - $486,617,280
1971 - $395,218,629
1970 - $359,772,315
1969 - $339,913,867
1968 - $343,771,973
1967 - $275,494,478

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Cayman Islands vs Mali by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,095 $3,315
2023 $99,144 $88,428 $1,044 $3,175
2022 $93,031 $82,296 $977 $3,014
2021 $86,450 $74,160 $1,027 $2,796
2020 $82,339 $66,119 $953 $2,724
2019 $88,254 $72,697 $972 $2,820
2018 $83,866 $71,812 $996 $2,684
2017 $80,054 $68,018 $924 $2,607
2016 $77,802 $65,680 $872 $2,532
2015 $76,379 $64,009 $838 $2,330
2014 $75,845 $63,561 $948 $2,185
2013 $75,114 $63,648 $902 $2,059
2012 $75,102 $64,727 $873 $1,990
2011 $75,281 $66,629 $938 $2,046
2010 $76,838 $66,325 $797 $2,012
2009 $81,374 $69,254 $787 $1,945
2008 $89,655 $76,297 $767 $1,893
2007 $89,888 $77,337 $671 $1,852
2006 $87,085 $75,191 $587 $1,832
2005 - - $549 $1,771
2004 - - $495 $1,730
2003 - - $442 $1,715
2002 - - $378 $1,581
2001 - - $346 $1,559
2000 - - $305 $1,357
1999 - - $364 $1,376
1998 - - $357 $1,332
1997 - - $321 $1,267
1996 - - $360 $1,224
1995 - - $331 $1,154
1994 - - $266.5 $1,147
1993 - - $372 $1,087
1992 - - $385 $1,039
1991 - - $382 $1,091
1990 - - $354 $956
1989 - - $314 -
1988 - - $307 -
1987 - - $280.7 -
1986 - - $250 -
1985 - - $190.4 -
1984 - - $169.1 -
1983 - - $186.3 -
1982 - - $213.8 -
1981 - - $290.5 -
1980 - - $359 -
1979 - - $216.3 -
1978 - - $169.1 -
1977 - - $148.1 -
1976 - - $134.9 -
1975 - - $121.5 -
1974 - - $80.2 -
1973 - - $85.4 -
1972 - - $75.1 -
1971 - - $62 -
1970 - - $57.3 -
1969 - - $55 -
1968 - - $56.5 -
1967 - - $46 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Mali ranks 174th at $3,315.

Economic indicators

Cayman Islands Mali
Gross domestic product
$7.24B
2023
$26.8B
2024
GDP rank
158/197
2023
113/197
2024
GDP growth
5.82%
2022-2023
4.99%
2023-2024
GDP per capita
$99,144
2023
$1,095
2024
GDP per capita rank
6/197
2023
173/197
2024
GDP per capita, PPP
$88,428
2023
$3,315
2024
GDP per capita PPP rank
10/197
2023
174/197
2024
Government debt n/a
$13.9B
2024
Debt-to-GDP ratio n/a
51.7%
2024
Government debt per person n/a
$566
2024
Government debt per person rank n/a
161/185
2024
Average annual personal income after taxes
$93,253
2026
$1,463
2026
Market capitalization of domestic companies
$644M
2020
n/a
Income share by richest 10% n/a
28.3%
2021
Income share by poorest 10% n/a
3.2%
2021
Government expenditure, % of GDP
14%
2025
24.7%
2024
Consumer prices inflation
-0.63%
2015-2016
3.2%
2023-2024
Unemployment rate
4.24%
2015
5.45%
2023
Population
77619
26143152

Inflation comparison by year

Inflation
Cayman Islands

Mali
1x
Year Consumer prices inflation
Cayman Islands Mali
2024 - 3.2%
2023 - 2.1%
2022 - 9.7%
2021 - 3.8%
2020 - 0.5%
2019 - -3%
2018 - 1.9%
2017 - 2.4%
2016 -0.63% -1.8%
2015 -2.35% 1.4%
2014 1.27% 0.9%
2013 2.16% -0.6%
2012 1.19% 5.3%
2011 1.33% 3%
2010 0.28% 1.2%
2009 - 2.4%
2008 - 9.2%
2007 - 1.4%
2006 - 1.6%
2005 - 6.4%
2004 - -3.1%
2003 - -1.3%
2002 - 5%
2001 - 5.2%
2000 - -0.8%
1999 - -1.2%
1998 - 4.1%
1997 - -0.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2010–2016, retrieved 2026-04-06).

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.34% in Mali. In 2016, inflation was -0.63% in the Cayman Islands and 3.2% in Mali.

Balance of trade

Cayman Islands Mali
Current account balance
-$713M
2023
-$1.61B
2023
Current account balance ranking
116/190
2023
136/190
2023
Current account balance, % of GDP
-9.84%
2023
-6.49%
2023
Goods imports
$1.64B
2023
$5.73B
2023
Goods exports
$150M
2023
$5.65B
2023
Service imports
$1.8B
2023
$2.34B
2023
Service exports
$4.45B
2023
$475M
2023
Imports of goods and services, % of GDP
45.8%
2020
27.3%
2024
Exports of goods and services, % of GDP
59.6%
2020
22.6%
2024

Economic freedom indices

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

Cayman Islands Mali
Economic freedom 74 52.1
Economic freedom ranking 22/197 150/197
Property rights n/a 13.8
Government integrity n/a 23.2
Judicial effectiveness n/a 23.3
Tax burden n/a 67.9
Government spending n/a 81.8
Fiscal health n/a 73.6
Business freedom n/a 40.8
Labor freedom n/a 54.1
Monetary freedom n/a 78.2
Trade freedom n/a 64
Investment freedom n/a 65
Financial freedom n/a 40

Other economic metrics

Cayman Islands Mali
Services, % of GDP
86%
2023
36.3%
2024
Industry, % of GDP
7.84%
2023
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
33.3%
2024
GNI, Atlas method
$5.53B
2023
$25.2B
2024
GNI per capita, PPP
$68,030
2023
$3,230
2024
Total reserves including gold
$234M
2023
n/a
Total reserves ranking
169/177
2023
n/a
Net foreign direct investment
-$5.52B
2023
-$673M
2023
Net inflows of foreign direct investment
$35.9B
2024
$921M
2024
Net outflows of foreign direct investment
$27.2B
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.41%
2024
Poverty at national poverty lines n/a
43.3%
2024
Gross capital formation, % of GDP n/a
19.5%
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/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  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.