Cayman Finance report sounds alarm on falling GDP per capita
Cayman’s growing economy masks the fact that earnings per person are dropping, says a report from consultancy Capital Economics.
The report, which was published on 3 Oct., warned the rapid growth of construction and tourism is driving down Cayman’s GDP per capita.
On the surface, Cayman’s economy has enjoyed strong growth, with an average annual expansion of 3.2% over the last decade. Yet “despite this seemingly positive picture, GDP per capita – a measure of individual prosperity and economic well-being – has been broadly stagnant over the last ten years, even declining in 2023 to reach its lowest level since 2006,” said the report, which was commissioned by Cayman Finance. For a more complete summary of the story, please see the below link:
Published on: Oct 15, 2025 04:16 AM