The Cayman Islands vs Trinidad and Tobago: Economic Indicators Comparison
Trinidad and Tobago with a GDP of $23.8B ranked the 113th largest economy in the world, while the Cayman Islands ranked 158th with $5.1B. By GDP per capita, Trinidad and Tobago and the Cayman Islands ranked 53rd vs 6th, respectively.
Gross Domestic Product & Income
| Stat |  Cayman Islands |  Trinidad and Tobago |
|---|---|---|
| GDP | $5.1B | $23.8B |
| GDP growth, 1 year | 3.04% | 0.3% |
| GDP growth, 5-years average | N/A | -1.5% |
| Population | 58k | 1.4M |
| GDP per capita | $81k | $17k |
| GDP per capita growth | 1.72% | -0.66% |
| Purchasing Power Parity conversion factor | 0.93 | 3.62 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1.12 | 0.54 |
| GDP per capita, PPP adjusted | $73k | $32k |
| GNI, Atlas method | $3B | $22.2B |
| GNI per capita | $47k | $16k |
| GNI, PPP adjusted | $2.8B | $43.1B |
| GNI per capita, PPP adjusted | $44k | $31k |
Financial system and Human development
| Stat | Cayman Islands | Trinidad and Tobago |
|---|---|---|
| Income Tax Rate | N/A | 25% |
| Corporate Tax Rate | N/A | 25% |
| Inflation, consumer prices | -0.6% | 1.1% |
| Inflation, GDP deflator | 1.9% | 6.1% |
| Unemployment | 4.2% | 2.8% |
| Economic Freedom Index | 74 | 58.3 |
| Personal Freedom Index | 8.1 | 6.88 |
| Human Freedom Index | 8.1 | 6.81 |
| Property Rights Index | N/A | 56.6 |
| Judical Effectiveness Index | N/A | 42.1 |
| Business Freedom Index | N/A | 67.3 |
| Fiscal Health Index | N/A | 15.9 |
| Labor Freedom Index | N/A | 76 |
| Investment Freedom Index | N/A | 60 |
| Financial Freedom Index | N/A | 50 |
| Trade Freedom Index | N/A | 67.8 |
| Monetary Freedom Index | N/A | 77.4 |
| Government Spending Index | N/A | 66.5 |
| Tax Burden Index | N/A | 82.6 |
| Government Integrity Index | N/A | 37.4 |
| Corruption Perceptions Index | 76 | 41 |
| Life expectancy at birth, years | 82.2 | 73.2 |
| Suicide mortality rate, per 100,000 people | 0.5 | 13.6 |
| Mortality caused by road traffic injury, per 100,000 people | 14 | 12.1 |
| Intentional homicides, per 100,000 people | 8.5 | 30.9 |
| International tourism, number of arrivals | 463k | 375k |
Government debt & reserves
| Stat | Cayman Islands | Trinidad and Tobago |
|---|---|---|
| Central government debt, % of GDP | N/A | 45.3% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | N/A |
| Gross savings, % of GDP | N/A | N/A |
| Gross capital formation, % of GDP | N/A | N/A |
| Total reserves including gold | $162.1M | $8.1B |
| Foreign direct investment net inflows | $57.4B | -$602.5M |
Exports, imports and economic structure
| Stat | Cayman Islands | Trinidad and Tobago |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | N/A |
| Imports of goods and services, % of GDP | N/A | N/A |
| Current account balance (balance of payments) | -$997.9M | $1.2B |
| Revenue excluding grants, % of GDP | N/A | 38.4% |
| Grants excluding technical cooperation, BoP | $0 | $2.4M |
| Personal remittances received | $15.6M | $138.7M |
| Industry including construction value added, % of GDP | 7.2% | 42% |
| Agriculture, forestry and fishing value added, % of GDP | 0.4% | 1% |
| Charges for the use of intellectual property, payments BoP | $68M | $63.9M |
| Charges for the use of intellectual property, receipts BoP | $9.3M | $882k |
| Expense, % of GDP | N/A | 35.9% |
| Government Expenditure, % of GDP | N/A | 33.4% |
