top of pageBackground: The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries and were administered by Jamaica after 1863. In 1959 the islands became a territory within the Federation of the West Indies but when the Federation dissolved in 1962 the Cayman Islands chose to remain a British dependency.
Climate: tropical marine; warm rainy summers (May to October) and cool relatively dry winters (November to April)
Terrain: low-lying limestone base surrounded by coral reefs
top of pageEthnic groups: mixed 40% white 20% black 20% expatriates of various ethnic groups 20%
Religions: United Church (Presbyterian and Congregational) Anglican Baptist Church of God other Protestant Roman Catholic
Birth rate: 12.6 births/1000 population (2005 est.)
Death rate: 4.98 deaths/1000 population (2005 est.)
top of pageExecutive branchCabinet: Executive Council (three members appointed by the governor, four members elected by the Legislative Assembly)
Elections: none; the monarch is hereditary; the governor is appointed by the monarch; following legislative elections, the leader of the majority party or coalition is appointed by the governor Leader of Government Business
Judicial branch: Summary Court; Grand Court; Cayman Islands Court of Appeal
Political parties and leaders: United Democratic Party or UDP [McKeeva BUSH]; People's Progressive Movement or PPM [Kurt TIBBETTS]; note - no national teams (loose groupings of political organizations) were formed for the 2000 elections
Flag description: blue with the flag of the UK in the upper hoist-side quadrant and the Caymanian coat of arms centered on the outer half of the flag; the coat of arms includes a pineapple and turtle above a shield with three stars (representing the three islands) and a scroll at the bottom bearing the motto HE HATH FOUNDED IT UPON THE SEAS
top of pageEconomy overview: With no direct taxation the islands are a thriving offshore financial center. More than 68,000 companies were registered in the Cayman Islands as of 2003 including almost 500 banks 800 insurers and 5,000 mutual funds. A stock exchange was opened in 1997. 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 2003 with about half from the US. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world.
Industries: tourism banking insurance and finance construction construction materials furniture
top of pagetop of pageTelephone systemGeneral assessment: reasonably good system
Domestic: liberalization of telecom market in 2003; introduction of competition in the mobile-cellular market in 2004
International: country code - 1-345; landing point for the MAYA-1 submarine telephone cable network that provides links to the US and parts of Central and South America; submarine cable provides connectivity to Jamaica; satellite earth station - 1 Intelsat (Atlantic Ocean) (2005)
top of pagetop of pageMerchant marineTotal: 124 ships (1000 GRT or over) 2,953,923 GRT/4,597,716 DWT
By type: bulk carrier 33, cargo 11, chemical tanker 41, liquefied gas 1, passenger 1, petroleum tanker 17, refrigerated cargo 13, roll on/roll off 3, vehicle carrier 4
Foreign owned: 122 (Denmark 3, Germany 17, Greece 23, Italy 10, Japan 6, Norway 2, Singapore 10, Sweden 1, UK 9, US 41) (2005)
top of pageIllicit drugs: offshore financial center; vulnerable to drug transshipment to the US and Europe
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