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The Cayman Islands rank first in this latest-available comparison of Caribbean economies by nominal GDP per capita, at US$104,293 in 2024. The ranking measures economic output per person—not the wealth or income of a typical resident—and includes territories as well as sovereign states. Because some entries use older observations, it is not a synchronized 2024 league table.
The 10 richest Caribbean islands by nominal GDP per capita
The figures below are in current U.S. dollars and use the observation years and publishers shown in Worldometer’s comparison, which draws primarily on World Bank World Development Indicators and identifies United Nations data for some territories. Treat the order as a latest-available comparison, not as a fully harmonized ranking for one year.
| Rank | Island or territory | GDP per capita | Observation year | Publisher shown |
|---|---|---|---|---|
| 1 | Cayman Islands | US$104,293 | 2024 | World Bank |
| 2 | U.S. Virgin Islands | US$44,321 | 2022 | World Bank |
| 3 | Sint Maarten | US$41,473 | 2024 | World Bank |
| 4 | Puerto Rico | US$39,612 | 2024 | World Bank |
| 5 | Aruba | US$39,262 | 2024 | World Bank |
| 6 | Bahamas | US$38,792 | 2024 | World Bank |
| 7 | British Virgin Islands | US$38,627 | 2023 | United Nations |
| 8 | Turks and Caicos Islands | US$37,507 | 2024 | World Bank |
| 9 | Anguilla | US$28,850 | 2023 | United Nations |
| 10 | Barbados | US$26,076 | 2024 | World Bank |
Source: Worldometer’s GDP-per-capita comparison. Its display includes World Bank-based estimates and separately identified observations for some territories. The ranking here follows its upper table; another table on the same page displays different values for some places, including the Bahamas and Puerto Rico.
What GDP per capita measures—and what it does not
GDP per capita is a place’s gross domestic product divided by its population. It is an average measure of economic output per person. Nominal GDP per capita expresses that output in current U.S. dollars using market exchange rates, without adjusting for differences in local prices.
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That makes it useful for comparing the dollar value of economic production, but it is not a measure of a typical household’s earnings, personal wealth, disposable income, or living standards. A high average can coexist with unequal distribution, and the figure does not show how much residents can buy with their income.
Nominal figures versus purchasing power
For a question about how far money goes in daily life, GDP per capita adjusted for purchasing power parity (PPP) is more relevant: PPP accounts for differences in price levels between places. It answers a different question from a current-dollar nominal comparison, so the rankings need not match. Worldometer’s methodology notes distinguish the two measures.
Why the ranking needs a year and scope label
“Caribbean islands” is geographic shorthand in this list, not a synonym for independent countries. The top ten includes dependent or associated territories alongside sovereign states. The dataset is also not a single-year snapshot: the U.S. Virgin Islands figure is for 2022, while the British Virgin Islands and Anguilla figures are 2023 United Nations observations; most other entries are labeled 2024 World Bank values.
Those differences matter when reading close positions or comparing places. The entries combine different publishers and years, and the ranking can change when observations are revised or when a comparison uses a consistent year, a different territorial scope, or PPP rather than nominal GDP per capita. The World Bank’s Caribbean country data page provides 2024 nominal GDP-per-capita observations for Barbados, Dominica, Guyana, Haiti, Jamaica, and Saint Lucia, but it does not by itself resolve coverage across territories.
How the top ten fits into the wider Caribbean
The leading entries should not be mistaken for a picture of the whole region. The OECD and Inter-American Development Bank report that 2023 GDP per capita across Caribbean countries ranged from USD 2,934 to USD 49,811. Their Caribbean Development Dynamics 2025 describes substantial economic heterogeneity and volatile growth, associated with small market sizes, reliance on tourism and external financing, limited diversification, and exposure to climate threats.
That regional context also helps explain why one GDP-per-capita ranking is only a narrow lens: it captures average recorded output, not the resilience of an economy or the distribution of its gains.
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