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Economy of Cayman Islands vs Vatican compared: GDP & Debt

Updated on by Georank

The Cayman Islands has a GDP of $7.77B compared to $19.8M for the Vatican, ranking 158/197 and 197/197 by economy size, respectively.

Cayman Islands vs Vatican GDP by year

Cayman Islands
Vatican
1x
Year GDP, current $
Cayman Islands Vatican
2024 $7,765,336,505 -
2023 $7,308,564,549 -
2022 $6,653,516,041 -
2021 $6,060,813,808 -
2020 $5,655,357,984 -
2019 $5,941,896,608 -
2018 $5,530,178,441 -
2017 $5,166,281,305 -
2016 $4,909,322,237 -
2015 $4,708,167,233 -
2014 $4,562,853,611 -
2013 $4,405,796,023 -
2012 $4,291,004,524 -
2011 $4,186,073,104 -
2010 $4,156,841,107 -
2009 $4,281,714,567 -
2008 $4,585,949,024 -
2007 $4,466,278,065 -
2006 $4,200,288,241 -

Data sources: World Bank | Economy & Growth (2006–2024, retrieved 2026-07-08).

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

Economic indicators

Cayman Islands Vatican
Gross domestic product
$7.77B
2024
$19.8M
2026
GDP rank
158/197
2024
197/197
2026
GDP growth
3.76%
2023-2024
n/a
GDP per capita
$104,293
2024
$19,800
2026
GDP per capita rank
6/197
2024
61/197
2026
GDP per capita, PPP
$88,428
2023
$39,191
2026
GDP per capita PPP rank
10/197
2023
59/197
2026
Average annual personal income after taxes
$94,558
2026
$18,688
2026
Market capitalization of domestic companies
$644M
2020
n/a
Government expenditure, % of GDP
14%
2026
n/a
Consumer prices inflation
-0.63%
2015-2016
n/a
Unemployment rate
4.2%
2015
n/a
Population
77917
939

Balance of trade

Cayman Islands Vatican
Current account balance
-$686M
2024
n/a
Current account balance ranking
107/190
2024
n/a
Current account balance, % of GDP
-8.84%
2024
n/a
Goods imports
$1.78B
2024
n/a
Goods exports
$269M
2024
n/a
Service imports
$2B
2024
n/a
Service exports
$4.77B
2024
n/a
Imports of goods and services, % of GDP
45.8%
2020
n/a
Exports of goods and services, % of GDP
59.6%
2020
n/a

Economic freedom indices

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

Cayman Islands Vatican
Economic freedom 74 65
Economic freedom ranking 22/197 69/197

Other economic metrics

Cayman Islands Vatican
Services, % of GDP
86.5%
2024
n/a
Industry, % of GDP
7.64%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
0.45%
2024
n/a
GNI, Atlas method
$6.1B
2024
n/a
GNI per capita, PPP
$74,470
2024
n/a
Total reserves including gold
$252M
2024
n/a
Total reserves ranking
169/177
2024
n/a
Net foreign direct investment
-$4.92B
2024
n/a
Net inflows of foreign direct investment
$3.18B
2024
n/a
Net outflows of foreign direct investment
-$1.74B
2024
n/a

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/vatican | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. Central Intelligence Agency (CIA) (2019–2026, retrieved 2026-07-08)
  4. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  5. 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.