Cayman Islands (2004)

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Cayman Islands 2004 year


Administrative divisions	8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western
Age structure	0-14 years: 21.4% (male 4,608; female 4,616) 15-64 years: 70.6% (male 14,858; female 15,593) 65 years and over: 8% (male 1,607; female 1,821) (2004 est.)
Agriculture - products	vegetables, fruit; livestock, turtle farming
Airports	3 (2003 est.)
Airports - with paved runways	total: 2 1,524 to 2,437 m: 2 (2004 est.)
Airports - with unpaved runways	total: 1 914 to 1,523 m: 1 (2004 est.)
Area	total: 262 sq km land: 262 sq km water: 0 sq km
Area - comparative	1.5 times the size of Washington, DC
Background	The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries. Administered by Jamaica since 1863, they remained a British dependency after 1962 when the former became independent.
Birth rate	13.11 births/1,000 population (2004 est.)
Budget	revenues: $265.2 million expenditures: $248.9 million, including capital expenditures of NA (1997)
Capital	George Town
Climate	tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April)
Coastline	160 km
Constitution	1959, revised 1972 and 1992
Country name	conventional long form: none conventional short form: Cayman Islands
Currency	Caymanian dollar (KYD)
Death rate	4.76 deaths/1,000 population (2004 est.)
Debt - external	$70 million (1996)
Dependency status	overseas territory of the UK
Diplomatic representation from the US	none (overseas territory of the UK)
Diplomatic representation in the US	none (overseas territory of the UK)
Disputes - international	none
Economic aid - recipient	NA (1999)
Economy - overview	With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1998, including almost 600 banks and trust companies; banking assets exceed $500 billion. 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 1.2 million in 1997, with 600,000 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.
Electricity - consumption	355.2 million kWh (2001)
Electricity - exports	0 kWh (2001)
Electricity - imports	0 kWh (2001)
Electricity - production	381.9 million kWh (2001)
Elevation extremes	lowest point: Caribbean Sea 0 m highest point: The Bluff 43 m
Environment - current issues	no natural fresh water resources; drinking water supplies must be met by rainwater catchments
Ethnic groups	mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20%
Exchange rates	Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993)
Executive branch	chief of state: Queen ELIZABETH II (since 6 February 1952); Governor Bruce DINWIDDY (since 29 May 2002) head of government: Chief Secretary W. McKeeva BUSH (since NA December 2001) cabinet: 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; the chief secretary is appointed by the governor
Exports	0 kWh (2001)
Exports	$1.2 million (1999)
Exports	NA (2001)
Exports - commodities	turtle products, manufactured consumer goods
Exports - partners	mostly US
Fiscal year	1 April - 31 March
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
GDP	purchasing power parity - $1.27 billion (2002 est.)
GDP - composition by sector	agriculture: 1.4% industry: 3.2% services: 95.4% (1994 est.)
GDP - per capita	purchasing power parity - $35,000 (2002 est.)
GDP - real growth rate	1.7% (2002 est.)
Geographic coordinates	19 30 N, 80 30 W
Geography - note	important location between Cuba and Central America
Highways	total: 785 km paved: 785 km (2000)
Household income or consumption by percentage share	lowest 10%: NA highest 10%: NA
Illicit drugs	offshore financial center; vulnerable to drug transshipment to the US and Europe
Imports	0 kWh (2001)
Imports	$457.4 million (1999)
Imports	NA (2001)
Imports - commodities	foodstuffs, manufactured goods
Imports - partners	US, Trinidad and Tobago, UK, Netherlands Antilles, Japan
Independence	none (overseas territory of the UK)
Industrial production growth rate	NA
Industries	tourism, banking, insurance and finance, construction, construction materials, furniture
Infant mortality rate	total: 8.41 deaths/1,000 live births male: 9.64 deaths/1,000 live births female: 7.16 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices)	2.8% (2002)
International organization participation	Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU
Irrigated land	NA sq km
Judicial branch	Summary Court; Grand Court; Cayman Islands Court of Appeal
Labor force	19,820 (1995)
Labor force - by occupation	agriculture 1.4%, industry 12.6%, services 86% (1995)
Land boundaries	0 km
Land use	arable land: 3.85% permanent crops: 0% other: 96.15% (2001)
Languages	English
Legal system	British common law and local statutes
Legislative branch	unicameral Legislative Assembly (18 seats, three appointed members from the Executive Council and 15 elected by popular vote; members serve four-year terms) elections: last held 8 November 2000 (next to be held 17 November 2004) election results: percent of vote - NA; seats - NA
Life expectancy at birth	total population: 79.81 years male: 77.21 years female: 82.45 years (2004 est.)
Literacy	definition: age 15 and over has ever attended school total population: 98% male: 98% female: 98% (1970 est.)
Location	Caribbean, island group in Caribbean Sea, nearly one-half of the way from Cuba to Honduras
Map references	Central America and the Caribbean
Maritime claims	territorial sea: 12 nm exclusive fishing zone: 200 nm
Merchant marine	total: 137 ships (1,000 GRT or over) 2,827,837 GRT/4,555,974 DWT by type: bulk 27, cargo 7, chemical tanker 36, container 2, liquefied gas 1, petroleum tanker 25, refrigerated cargo 33, roll on/roll off 4, short-sea/passenger 1, specialized tanker 1 foreign-owned: Germany 9, Greece 25, Hong Kong 3, Italy 14, Norway 4, Singapore 1, Spain 11, Sweden 13, Switzerland 1, United Kingdom 18, United States 43 registered in other countries: 2 (2004 est.)
Military - note	defense is the responsibility of the UK
Military branches	no regular military forces; Royal Cayman Islands Police Force
National holiday	Constitution Day, first Monday in July
Nationality	noun: Caymanian(s) adjective: Caymanian
Natural hazards	hurricanes (July to November)
Natural resources	fish, climate and beaches that foster tourism
Net migration rate	18.75 migrant(s)/1,000 population note: major destination for Cubans trying to migrate to the US (2004 est.)
Political parties and leaders	no national teams (loose groupings of political organizations) were formed for the 2000 elections; United Democratic Party or UDP [leader McKeeva BUSH]; People's Progressive Movement or PPM [leader Kurt TIBBETTS]
Political pressure groups and leaders	NA
Population	43,103 (July 2004 est.)
Population below poverty line	NA (2002 est.)
Population growth rate	2.71% (2004 est.)
Ports and harbors	Cayman Brac, George Town
Radio broadcast stations	AM 1, FM 5, shortwave 0 (1998)
Religions	United Church (Presbyterian and Congregational), Anglican, Baptist, Church of God, other Protestant, Roman Catholic
Sex ratio	at birth: 1.02 male(s)/female under 15 years: 1 male(s)/female 15-64 years: 0.95 male(s)/female 65 years and over: 0.88 male(s)/female total population: 0.96 male(s)/female (2004 est.)
Suffrage	18 years of age; universal
Telephone system	general assessment: NA domestic: NA international: country code - 1-345; 1 submarine coaxial cable; satellite earth station - 1 Intelsat (Atlantic Ocean)
Telephones - main lines in use	38,000 (2002)
Telephones - mobile cellular	17,000 (2002)
Television broadcast stations	1 with cable system
Terrain	low-lying limestone base surrounded by coral reefs
Total fertility rate	1.9 children born/woman (2004 est.)
Unemployment rate	4.1% (1997)

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