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Economy of Cayman Islands vs Portugal compared: GDP & Debt

Updated on by Georank

The Cayman Islands has a GDP of $7.77B compared to $347B for Portugal, ranking 158/197 and 46/197 by economy size, respectively.

Cayman Islands vs Portugal GDP by year

Cayman Islands
Portugal
1x
Year GDP, current $
Cayman Islands Portugal
2025 - $346,639,825,142
2024 $7,765,336,505 $313,656,884,871
2023 $7,308,564,549 $292,323,800,949
2022 $6,653,516,041 $256,898,677,175
2021 $6,060,813,808 $256,055,879,091
2020 $5,655,357,984 $229,618,773,423
2019 $5,941,896,608 $240,115,970,063
2018 $5,530,178,441 $242,092,894,543
2017 $5,166,281,305 $220,862,990,767
2016 $4,909,322,237 $206,305,431,242
2015 $4,708,167,233 $199,038,523,120
2014 $4,562,853,611 $230,078,616,300
2013 $4,405,796,023 $226,677,408,292
2012 $4,291,004,524 $216,536,676,772
2011 $4,186,073,104 $245,426,767,676
2010 $4,156,841,107 $238,443,864,993
2009 $4,281,714,567 $244,667,762,836
2008 $4,585,949,024 $263,416,394,624
2007 $4,466,278,065 $240,496,147,317
2006 $4,200,288,241 $208,756,449,276
2005 - $197,253,876,705
2004 - $189,382,122,532
2003 - $165,226,175,537
2002 - $134,795,565,549
2001 - $121,604,107,165
2000 - $118,605,192,877
1999 - $127,470,385,557
1998 - $123,946,327,916
1997 - $117,016,535,163
1996 - $122,630,089,680
1995 - $118,122,007,430
1994 - $99,688,641,304
1993 - $95,009,751,901
1992 - $107,592,098,307
1991 - $89,233,599,278
1990 - $78,713,860,217
1989 - $60,594,092,182
1988 - $56,347,250,696
1987 - $48,182,925,857
1986 - $38,745,901,354
1985 - $27,115,807,742
1984 - $25,217,969,050
1983 - $27,239,650,742
1982 - $30,527,754,793
1981 - $31,977,276,873
1980 - $32,896,519,824
1979 - $26,622,819,672
1978 - $23,487,614,051
1977 - $21,439,523,311
1976 - $20,332,831,565
1975 - $19,347,607,843
1974 - $17,512,391,476
1973 - $15,090,564,186
1972 - $11,239,117,865
1971 - $9,201,604,240
1970 - $8,108,235,704
1969 - $7,287,555,035
1968 - $6,644,693,214
1967 - $6,002,607,030
1966 - $5,370,108,031
1965 - $4,901,711,248
1964 - $4,429,202,657
1963 - $4,084,251,593
1962 - $3,835,883,663
1961 - $3,573,719,085
1960 - $3,339,150,158

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Cayman Islands vs Portugal by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $32,082 -
2024 $104,293 - $29,328 $51,680
2023 $100,065 $88,428 $27,635 $49,353
2022 $92,938 $82,296 $24,621 $45,250
2021 $86,450 $74,160 $24,711 $38,658
2020 $82,339 $66,119 $22,299 $35,967
2019 $88,254 $72,697 $23,343 $37,866
2018 $83,866 $71,812 $23,541 $34,897
2017 $80,054 $68,018 $21,442 $32,971
2016 $77,802 $65,680 $19,980 $31,589
2015 $76,379 $64,009 $19,216 $29,608
2014 $75,845 $63,561 $22,121 $28,765
2013 $75,114 $63,648 $21,676 $27,966
2012 $75,102 $64,727 $20,593 $26,476
2011 $75,281 $66,629 $23,247 $26,803
2010 $76,838 $66,325 $22,552 $27,292
2009 $81,374 $69,254 $23,151 $26,472
2008 $89,655 $76,297 $24,949 $26,666
2007 $89,888 $77,337 $22,811 $25,738
2006 $87,085 $75,191 $19,839 $24,677
2005 - - $18,780 $22,725
2004 - - $18,064 $21,476
2003 - - $15,798 $20,850
2002 - - $12,937 $20,357
2001 - - $11,735 $19,529
2000 - - $11,526 $18,883
1999 - - $12,475 $17,718
1998 - - $12,199 $16,688
1997 - - $11,576 $15,789
1996 - - $12,185 $14,922
1995 - - $11,781 $14,406
1994 - - $9,977 $13,578
1993 - - $9,535 $13,202
1992 - - $10,811 $13,182
1991 - - $8,959 $12,739
1990 - - $7,885 $11,780
1989 - - $6,056 -
1988 - - $5,624 -
1987 - - $4,804 -
1986 - - $3,862 -
1985 - - $2,705 -
1984 - - $2,523 -
1983 - - $2,735 -
1982 - - $3,080 -
1981 - - $3,246 -
1980 - - $3,368 -
1979 - - $2,756 -
1978 - - $2,457 -
1977 - - $2,267 -
1976 - - $2,173 -
1975 - - $2,128 -
1974 - - $2,000 -
1973 - - $1,748 -
1972 - - $1,302 -
1971 - - $1,065 -
1970 - - $934 -
1969 - - $832 -
1968 - - $752 -
1967 - - $676 -
1966 - - $601 -
1965 - - $545 -
1964 - - $490 -
1963 - - $452 -
1962 - - $426 -
1961 - - $400 -
1960 - - $377 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

The Cayman Islands' GDP per capita is $104,293, ranking 6/197, compared to $32,082 in Portugal, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Portugal ranks 42nd at $51,680.

Economic indicators

Cayman Islands Portugal
Gross domestic product
$7.77B
2024
$347B
2025
GDP rank
158/197
2024
46/197
2025
GDP growth
3.76%
2023-2024
1.86%
2024-2025
GDP per capita
$104,293
2024
$32,082
2025
GDP per capita rank
6/197
2024
43/197
2025
GDP per capita, PPP
$88,428
2023
$51,680
2024
GDP per capita PPP rank
10/197
2023
42/197
2024
Government debt n/a
$312B
2025
Debt-to-GDP ratio n/a
89.9%
2025
Government debt per person n/a
$28,843
2025
Government debt per person rank n/a
26/185
2025
Average annual personal income after taxes
$94,558
2026
$16,647
2026
Market capitalization of domestic companies
$644M
2020
$61.9B
2018
Number of millionaires n/a
181,000
2026
Number of billionaires n/a
1
2026
Income share by richest 10% n/a
26.9%
2023
Income share by poorest 10% n/a
2.7%
2023
Government expenditure, % of GDP
14%
2026
43.7%
2025
Consumer prices inflation
-0.63%
2015-2016
2.34%
2024-2025
Unemployment rate
4.2%
2015
6%
2025
Population
77917
10788071

Inflation comparison by year

Inflation
Cayman Islands

Portugal
1x
Year Consumer prices inflation
Cayman Islands Portugal
2025 - 2.34%
2024 - 2.42%
2023 - 4.31%
2022 - 7.83%
2021 - 1.27%
2020 - -0.01%
2019 - 0.34%
2018 - 0.99%
2017 - 1.37%
2016 -0.63% 0.61%
2015 -2.35% 0.49%
2014 1.27% -0.28%
2013 2.16% 0.27%
2012 1.19% 2.77%
2011 1.33% 3.65%
2010 0.28% 1.4%
2009 - -0.84%
2008 - 2.59%
2007 - 2.45%
2006 - 3.11%
2005 - 2.28%
2004 - 2.37%
2003 - 3.22%
2002 - 3.6%
2001 - 4.37%
2000 - 2.85%
1999 - 2.34%
1998 - 2.57%
1997 - 2.34%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.27% in Portugal. In 2016, inflation was -0.63% in the Cayman Islands and 2.34% in Portugal.

Top exports between countries

Cayman Islands
Export category Export value
Portugal
Export category Export value
Textiles & consumer goods $3.88M
Wood & paper products $1.4M
Machinery & equipment $166K
Processed food, beverages & tobacco $111K
Raw materials & minerals $97K
Metals $31K
Chemicals & pharma $9K
Precious metals & jewellery $6K

Balance of trade

Cayman Islands Portugal
Current account balance
-$686M
2024
$6.51B
2024
Current account balance ranking
107/190
2024
30/190
2024
Current account balance, % of GDP
-8.84%
2024
+2.08%
2024
Goods imports
$1.78B
2024
$109B
2024
Goods exports
$269M
2024
$81.4B
2024
Service imports
$2B
2024
$27.9B
2024
Service exports
$4.77B
2024
$62.7B
2024
Imports of goods and services, % of GDP
45.8%
2020
42.7%
2025
Exports of goods and services, % of GDP
59.6%
2020
43.7%
2025

Economic freedom indices

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

Cayman Islands Portugal
Economic freedom 74 71.2
Economic freedom ranking 22/197 33/197
Property rights n/a 88.9
Government integrity n/a 63.4
Judicial effectiveness n/a 90.1
Tax burden n/a 60.6
Government spending n/a 44.6
Fiscal health n/a 82
Business freedom n/a 83.1
Labor freedom n/a 54.8
Monetary freedom n/a 77.7
Trade freedom n/a 79.4
Investment freedom n/a 70
Financial freedom n/a 60

Other economic metrics

Cayman Islands Portugal
Services, % of GDP
86.5%
2024
66.6%
2025
Industry, % of GDP
7.64%
2024
18.3%
2025
Agriculture, forestry, and fishing, % of GDP
0.45%
2024
1.96%
2025
GNI, Atlas method
$6.1B
2024
$323B
2025
GNI per capita, PPP
$74,470
2024
$52,240
2025
Total reserves including gold
$252M
2024
$68.8B
2025
Total reserves ranking
169/177
2024
39/177
2025
Net foreign direct investment
-$4.92B
2024
-$6.64B
2024
Net inflows of foreign direct investment
$3.18B
2024
$13.5B
2024
Net outflows of foreign direct investment
-$1.74B
2024
$6.84B
2024
Poverty at national poverty lines n/a
16.4%
2021
Gross capital formation, % of GDP n/a
21%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  4. TradeMap (2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.