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. 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%
Languages: English (official) 95% Spanish 3.2% other 1.8% (1999 census)
Religions: Protestant 67.7% (Church of God 25.5% Presbyterian/United Church 9.2% Seventh-Day Adventist 8.4% Baptist 8.3% Pentecostal 6.7% Anglican 3.9% non-denominational 5.7%) Roman Catholic 12.6% other religions 4% other 6.5% none 6.1% unspecified 3.2% (2007)
top of pageConstitution: The Cayman Islands Constitution Order 2009 6 November 2009
Legislative branch: unicameral Legislative Assembly (20 seats; 18 members elected by popular vote and 2 ex officio members from The Cabinet; to serve four-year terms)
Judicial branch: Grand Court; Cayman Islands Court of Appeal; Summary Court
Flag description: a blue field 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 crest with a pineapple representing the connection with Jamaica and a turtle representing Cayman's seafaring tradition above a shield bearing a golden lion symbolizing Great Britain below which are three green stars (representing the three islands) surmounting white and blue wavy lines representing the sea 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 93,000 companies were registered in the Cayman Islands as of 2008 including almost 300 banks 800 insurers and 10,000 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 1.9 million in 2008 with about half from the US. Nearly 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy a standard of living comparable to that of Switzerland.
Exchange rates:
Caymanian dollars (KYD) per US dollar -
0.83 (2010 est.)
0.83 (2010 est.)
0.83 (2010 est.)
top of pagetop of pageBroadcast media: 4 TV stations; cable and satellite subscription services offer a variety of international programming; government-owned Radio Cayman operates 2 networks broadcasting on 5 stations; 10 privately-owned radio stations operate alongside Radio Cayman (2007)
top of pagetop of pagetop of pageIllicit drugs: major offshore financial center; vulnerable to drug transshipment to the US and Europe (2008)
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