The Cayman Islands' economy is a premier offshore financial center, with banking, hedge funds, and insurance driving GDP. Tax haven status attracts global corporations and investors, supported by stable governance and no direct taxes. Tourism, featuring luxury resorts and scuba diving, is another pillar, drawing high-end visitors. Real estate and construction boom from foreign investment. Limited natural resources mean reliance on imports for food and energy. The services sector dominates, with minimal agriculture or manufacturing. Despite vulnerability to hurricanes and global financial regulations, the Caymans maintain prosperity through stringent compliance and diversification into fintech and sustainable tourism initiatives.
World Bank Data. 2000-2024. Last updated Oct 2025.
Refer to the latest year-over-year Cayman Islands GDP statistics.