Inflation, GDP deflator: linked series (annual %) in Cayman Islands
Cayman Islands: Inflation, GDP deflator: linked series (annual %) was 2.4% in 2024. ◆ Volatile
Inflation, GDP deflator: linked series in Cayman Islands, 2007–2024
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator: linked series in Cayman Islands is 2.4%, measured in 2024.
The figure is down 37.1% on the previous year and up 171.0% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Cayman Islands peaked at 3.9% in 2022 and was at its lowest, -0.5%, in 2011.
That places Cayman Islands 141st out of 214 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series (annual %) in Cayman Islands, year by year
| Year | annual % | Change |
|---|---|---|
| 2007 | 3.1% | — |
| 2008 | 3.0% | -0.8% |
| 2009 | 0.6% | -80.0% |
| 2010 | -0.2% | -133.8% |
| 2011 | -0.5% | +123.1% |
| 2012 | 1.3% | -373.9% |
| 2013 | 1.4% | +9.3% |
| 2014 | 0.9% | -35.7% |
| 2015 | 0.3% | -61.4% |
| 2016 | 1.0% | +192.5% |
| 2017 | 2.0% | +98.7% |
| 2018 | 2.7% | +34.0% |
| 2019 | 3.4% | +27.5% |
| 2020 | 0.1% | -95.9% |
| 2021 | 2.2% | +1473.7% |
| 2022 | 3.9% | +77.7% |
| 2023 | 3.8% | -2.0% |
| 2024 | 2.4% | -37.1% |
Cayman Islands compared with similar countries
- Cayman Islands's 2.4% is below the median for high income countries, which is 2.6%, 92% of the median. (82 countries reporting)
- Cayman Islands's 2.4% is below the median for Latin America & Caribbean, which is 3.4%, 72% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator: linked series (annual %) in Cayman Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1473.7% | 0.1% | 2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.2% | 0.6% | 3.1% | 3 |
| 2010s | 1.2% | -0.5% | 3.4% | 10 |
| 2020s | 2.5% | 0.1% | 3.9% | 5 |
Countries ranked near Cayman Islands
More financial sector data for Cayman Islands
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 10.83 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0249 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 2,596 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 10.83 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 2,596 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 10.83 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 2,596 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 10.83 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 2,596 SDR per person (2024)
- Total reserves in months of imports, annual growth rate 12.65 % change on previous year (2024)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Cayman Islands?
- Inflation, gdp deflator: linked series in Cayman Islands was 2.4% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Cayman Islands?
- The highest recorded value was 3.9% in 2022.
- What is the lowest inflation, gdp deflator: linked series recorded in Cayman Islands?
- The lowest recorded value was -0.5% in 2011.
- How does Cayman Islands rank for inflation, gdp deflator: linked series?
- Cayman Islands ranks 141st out of 214 countries with data for 2024.
- Is inflation, gdp deflator: linked series rising or falling in Cayman Islands?
- Over the last ten years it is up 171.0%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.