Economy — Cayman Islands
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Cayman Islands: With no direct taxation, the islands are a thriving offshore financial center. More than 65,000 companies were registered in the Cayman Islands as of 2017, including more than 280 banks, 700 insurers, and 10,500 mutual funds. A stock exchange was opened in 1997. Nearly 90% of the islands' food and consumer g…
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Economic overview
- Economic Overview
With no direct taxation, the islands are a thriving offshore financial center.
More than 65,000 companies were registered in the Cayman Islands as of 2017, including more than 280 banks, 700 insurers, and 10,500 mutual funds.
A stock exchange was opened in 1997.
Nearly 90% of the islands' food and consumer goods must be imported.
The Caymanians enjoy a standard of living comparable to that of Switzerland.
Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings.
The tourist industry is aimed at the luxury market and caters mainly to visitors from North America.
Total tourist arrivals exceeded 2.1 million in 2016, with more than three-quarters from the US.
- Industries
Tourism, banking, insurance and finance, construction, construction materials, furniture
- GDP - per capita (PPP)
$43,800.00 (USD)
- GDP - real growth rate
1.7%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$4,780,000,000 (USD)
- GDP Per Capita
$43,800.00 (USD)
- GDP - real growth rate
1.7%
- GDP - official exchange rate
$2,250,000,000 (USD)
- GDP - composition, by end use
- Household Consumption: 55.1%
- Government Consumption: 13.1%
- Investment in Fixed Capital: 20.1%
- Investment in Inventories: 0.1%
- Exports of Goods and Services: 46.4%
- Imports of Goods and Services: -34.8%
- GDP by Sector- agriculture
0.3%
- GDP by Sector- Industry
7.2%
- GDP by Sector- services
92.5%
- Industrial Growth Rate
2.4%
Prices & money
- Inflation Rate
1.4%
- Exchange Rate per US Dollar
0.82
- Currency Name and Code
Caymanian dollars (KYD)
- Fiscal Year
1 April - 31 March
Employment & labor
- Labor Force
3,900
- Unemployment Rate
4%
- Major Industries
Tourism, banking, insurance and finance, construction, construction materials, furniture
- Agriculture Products
- Vegetables, fruit
- livestock
- turtle farming
Public finance
- Annual Budget
$859,500,000 (USD)
- Budget Surplus or Deficit - percent of GDP
5.2%
- Taxes and other revenues - percent of GDP
38.2%
