Skip to content

Economy of Cayman Islands vs Togo compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $10.7B for Togo, ranking 158/197 and 154/197 by economy size, respectively.

Cayman Islands vs Togo GDP by year

Cayman Islands
Togo
1x
Year GDP, current $
Cayman Islands Togo
2024 - $10,651,180,147
2023 $7,241,244,269 $9,816,236,303
2022 $6,660,161,212 $8,646,453,099
2021 $6,060,813,808 $8,541,668,141
2020 $5,655,357,984 $7,486,031,562
2019 $5,941,896,600 $6,992,654,019
2018 $5,530,178,499 $7,029,215,766
2017 $5,166,281,293 $6,387,424,240
2016 $4,909,322,200 $6,071,167,584
2015 $4,708,167,255 $5,755,457,836
2014 $4,562,853,582 $6,393,314,708
2013 $4,405,796,081 $6,021,729,630
2012 $4,291,004,486 $5,413,541,649
2011 $4,186,073,160 $5,422,439,152
2010 $4,156,841,164 $4,746,386,893
2009 $4,281,714,618 $4,721,888,275
2008 $4,585,948,969 $4,578,847,113
2007 $4,466,278,031 $3,759,962,853
2006 $4,200,288,282 $3,320,907,722
2005 - $3,221,910,408
2004 - $3,191,561,509
2003 - $2,987,984,051
2002 - $2,410,199,032
2001 - $2,093,498,674
2000 - $2,106,848,752
1999 - $2,226,577,204
1998 - $2,241,650,112
1997 - $2,116,818,623
1996 - $2,069,506,014
1995 - $1,849,110,468
1994 - $1,387,662,121
1993 - $1,741,944,426
1992 - $2,390,796,916
1991 - $2,262,767,860
1990 - $2,299,665,506
1989 - $1,910,635,575
1988 - $1,947,208,354
1987 - $1,763,978,066
1986 - $1,498,219,579
1985 - $1,076,604,520
1984 - $1,014,170,069
1983 - $1,081,387,265
1982 - $1,160,337,039
1981 - $1,359,026,709
1980 - $1,604,836,916
1979 - $1,259,365,712
1978 - $1,164,025,637
1977 - $1,097,893,826
1976 - $874,681,612
1975 - $871,781,687
1974 - $791,450,308
1973 - $574,030,984
1972 - $474,043,922
1971 - $404,648,368
1970 - $358,665,754
1969 - $378,091,810
1968 - $341,691,567
1967 - $327,215,844
1966 - $305,227,595
1965 - $264,505,506
1964 - $234,572,186
1963 - $202,305,865
1962 - $186,745,758
1961 - $178,497,098
1960 - $171,057,069

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

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

GDP per capita in Cayman Islands vs Togo by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,119 $3,365
2023 $99,144 $88,428 $1,055 $3,154
2022 $93,031 $82,296 $951 $2,935
2021 $86,450 $74,160 $962 $2,639
2020 $82,339 $66,119 $863 $2,384
2019 $88,254 $72,697 $826 $2,215
2018 $83,866 $71,812 $851 $2,067
2017 $80,054 $68,018 $793 $1,986
2016 $77,802 $65,680 $773 $1,933
2015 $76,379 $64,009 $751 $1,880
2014 $75,845 $63,561 $856 $1,803
2013 $75,114 $63,648 $827 $1,715
2012 $75,102 $64,727 $762 $1,645
2011 $75,281 $66,629 $784 $1,616
2010 $76,838 $66,325 $705 $1,537
2009 $81,374 $69,254 $721 $1,474
2008 $89,655 $76,297 $719 $1,429
2007 $89,888 $77,337 $608 $1,387
2006 $87,085 $75,191 $553 $1,407
2005 - - $551 $1,368
2004 - - $560 $1,427
2003 - - $538 $1,440
2002 - - $445 $1,357
2001 - - $397 $1,320
2000 - - $410 $1,315
1999 - - $445 $1,332
1998 - - $461 $1,318
1997 - - $448 $1,373
1996 - - $452 $1,218
1995 - - $419 $1,140
1994 - - $329 $1,082
1993 - - $414 $925
1992 - - $565 $1,057
1991 - - $550 $1,107
1990 - - $575 $1,110
1989 - - $492 -
1988 - - $517 -
1987 - - $482 -
1986 - - $422 -
1985 - - $313 -
1984 - - $304 -
1983 - - $336 -
1982 - - $372 -
1981 - - $451 -
1980 - - $549 -
1979 - - $443 -
1978 - - $421 -
1977 - - $406 -
1976 - - $332 -
1975 - - $339 -
1974 - - $315 -
1973 - - $234.4 -
1972 - - $198.8 -
1971 - - $174.6 -
1970 - - $159.8 -
1969 - - $174.7 -
1968 - - $164.3 -
1967 - - $163.9 -
1966 - - $159.1 -
1965 - - $142.7 -
1964 - - $130.1 -
1963 - - $114.6 -
1962 - - $107.8 -
1961 - - $104.8 -
1960 - - $102.2 -

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

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $1,119 in Togo, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Togo ranks 173rd at $3,365.

Economic indicators

Cayman Islands Togo
Gross domestic product
$7.24B
2023
$10.7B
2024
GDP rank
158/197
2023
154/197
2024
GDP growth
5.82%
2022-2023
6.53%
2023-2024
GDP per capita
$99,144
2023
$1,119
2024
GDP per capita rank
6/197
2023
172/197
2024
GDP per capita, PPP
$88,428
2023
$3,365
2024
GDP per capita PPP rank
10/197
2023
173/197
2024
Government debt n/a
$7.68B
2024
Debt-to-GDP ratio n/a
72.1%
2024
Government debt per person n/a
$807
2024
Government debt per person rank n/a
149/185
2024
Average annual personal income after taxes
$93,253
2026
$1,661
2026
Market capitalization of domestic companies
$644M
2020
n/a
Income share by richest 10% n/a
29.6%
2021
Income share by poorest 10% n/a
2.8%
2021
Government expenditure, % of GDP
14%
2025
26.4%
2024
Consumer prices inflation
-0.63%
2015-2016
2.86%
2023-2024
Unemployment rate
4.24%
2015
1.97%
2022
Population
77619
9990340

Inflation comparison by year

Inflation
Cayman Islands

Togo
1x
Year Consumer prices inflation
Cayman Islands Togo
2024 - 2.86%
2023 - 5.49%
2022 - 7.97%
2021 - 4.19%
2020 - 1.7%
2019 - 0.67%
2018 - 0.93%
2017 - -0.98%
2016 -0.63% 1.29%
2015 -2.35% 2.59%
2014 1.27% 0.19%
2013 2.16% 1.83%
2012 1.19% 2.58%
2011 1.33% 3.56%
2010 0.28% 1.45%
2009 - 3.71%
2008 - 8.69%
2007 - 0.95%
2006 - 2.23%
2005 - 6.78%
2004 - 0.39%
2003 - -0.93%
2002 - 3.06%
2001 - 3.92%
2000 - 1.86%
1999 - -0.05%
1998 - 0.98%
1997 - 8.25%

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

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.92% in Togo. In 2016, inflation was -0.63% in the Cayman Islands and 2.86% in Togo.

Balance of trade

Cayman Islands Togo
Current account balance
-$713M
2023
-$20.7M
2020
Current account balance ranking
116/190
2023
79/190
2020
Current account balance, % of GDP
-9.84%
2023
-0.28%
2020
Goods imports
$1.64B
2023
$1.95B
2020
Goods exports
$150M
2023
$1.21B
2020
Service imports
$1.8B
2023
$438M
2020
Service exports
$4.45B
2023
$514M
2020
Imports of goods and services, % of GDP
45.8%
2020
38.1%
2024
Exports of goods and services, % of GDP
59.6%
2020
24.4%
2024

Economic freedom indices

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

Cayman Islands Togo
Economic freedom 74 51.6
Economic freedom ranking 22/197 153/197
Property rights n/a 43.6
Government integrity n/a 33.3
Judicial effectiveness n/a 34
Tax burden n/a 68.9
Government spending n/a 79.2
Fiscal health n/a 9.6
Business freedom n/a 60.1
Labor freedom n/a 51.9
Monetary freedom n/a 72.5
Trade freedom n/a 65.8
Investment freedom n/a 60
Financial freedom n/a 40

Other economic metrics

Cayman Islands Togo
Services, % of GDP
86%
2023
49.2%
2024
Industry, % of GDP
7.84%
2023
20.4%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
21.3%
2024
GNI, Atlas method
$5.53B
2023
$10.3B
2024
GNI per capita, PPP
$68,030
2023
$3,380
2024
Total reserves including gold
$234M
2023
n/a
Total reserves ranking
169/177
2023
n/a
Net foreign direct investment
-$5.52B
2023
-$53.1M
2020
Net inflows of foreign direct investment
$35.9B
2024
$83.8M
2024
Net outflows of foreign direct investment
$27.2B
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI n/a
3.21%
2024
Poverty at national poverty lines n/a
43.8%
2021
Gross capital formation, % of GDP n/a
20.8%
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/togo | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.