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The Cayman Islands vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while the Cayman Islands ranked 158th with $5.1B. By GDP per capita, Singapore and the Cayman Islands ranked 10th vs 6th, respectively.

Gross Domestic Product & Income

StatCayman IslandsSingapore
GDP$5.1B$364.2B
GDP growth, 1 year3.04%3.2%
GDP growth, 5-years averageN/A3.3%
Population58k5.9M
GDP per capita$81k$65k
GDP per capita growth1.72%2.66%
Purchasing Power Parity conversion factor0.930.86
Price level ratio of PPP conversion factor GDP to market exchange rate1.120.64
GDP per capita, PPP adjusted$73k$100k
GNI, Atlas method$3B$331.4B
GNI per capita$47k$59k
GNI, PPP adjusted$2.8B$533.8B
GNI per capita, PPP adjusted$44k$95k

Financial system and Human development

StatCayman IslandsSingapore
Income Tax RateN/A22%
Corporate Tax RateN/A17%
Inflation, consumer prices-0.6%0.4%
Inflation, GDP deflator1.9%1.9%
Unemployment4.2%3.8%
Economic Freedom Index7489.4
Personal Freedom Index8.17.44
Human Freedom Index8.18.1
Property Rights IndexN/A96.8
Judical Effectiveness IndexN/A92.9
Business Freedom IndexN/A92.8
Fiscal Health IndexN/A80
Labor Freedom IndexN/A90.9
Investment Freedom IndexN/A85
Financial Freedom IndexN/A80
Trade Freedom IndexN/A94.8
Monetary Freedom IndexN/A85.6
Government Spending IndexN/A91.1
Tax Burden IndexN/A90.3
Government Integrity IndexN/A92.4
Corruption Perceptions Index7685
Life expectancy at birth, years82.282.9
Suicide mortality rate, per 100,000 people0.59.9
Mortality caused by road traffic injury, per 100,000 people142.8
Intentional homicides, per 100,000 people8.50.2
International tourism, number of arrivals463k14.7M

Government debt & reserves

StatCayman IslandsSingapore
Central government debt, % of GDPN/A108.3%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/A36.8%
Gross savings, % of GDPN/A45.8%
Gross capital formation, % of GDPN/A26.6%
Total reserves including gold$162.1M$292.7B
Foreign direct investment net inflows$57.4B$82B

Exports, imports and economic structure

StatCayman IslandsSingapore
Exports of goods and services, % of GDPN/A176.4%
Imports of goods and services, % of GDPN/A149.8%
Current account balance (balance of payments)-$997.9M$65.1B
Revenue excluding grants, % of GDPN/A18.8%
Grants excluding technical cooperation, BoP$0$1.6M
Personal remittances received$15.6MN/A
Industry including construction value added, % of GDP7.2%25.2%
Agriculture, forestry and fishing value added, % of GDP0.4%0%
Charges for the use of intellectual property, payments BoP$68M$15.2B
Charges for the use of intellectual property, receipts BoP$9.3M$8.7B
Expense, % of GDPN/A15.2%
Government Expenditure, % of GDPN/A17.2%

Compare with countries close by GDP per capita

Cayman Islands vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k