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Cayman Islands (2003)

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Cayman Islands 2003 year

 Cayman Islands
Administrative divisions 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western
Age structure 0-14 years: 21.6% (male 4,525; female 4,541)

15-64 years: 70.6% (male 14,463; female 15,157)

65 years and over: 7.7% (male 1,515; female 1,733) (2003 est.)
Agriculture - products vegetables, fruit; livestock, turtle farming
Airports 3 (2002)
Airports - with paved runways total: 2

1,524 to 2,437 m: 2 (2002)
Airports - with unpaved runways total: 1

914 to 1,523 m: 1 (2002)
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 13.33 births/1,000 population (2003 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 4.7 deaths/1,000 population (2003 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
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)
Electricity - production by source fossil fuel: 100%

hydro: 0%

nuclear: 0%

other: 0% (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: 8.64 deaths/1,000 live births

male: 9.9 deaths/1,000 live births

female: 7.35 deaths/1,000 live births (2003 est.)
Inflation rate (consumer prices) 2.8% (2002)
International organization participation Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate)
Internet Service Providers (ISPs) 16 (2000)
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: 0%

permanent crops: 0%

other: 100% (1998 est.)
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 NA November 2004)

election results: percent of vote - NA%; seats - NA
Life expectancy at birth total population: 79.67 years

male: 77.08 years

female: 82.3 years (2003 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 exclusive fishing zone: 200 NM

territorial sea: 12 NM
Merchant marine total: 123 ships (1,000 GRT or over) 2,402,058 GRT/3,792,094 DWT

ships by type: bulk 22, cargo 5, chemical tanker 31, container 2, liquefied gas 1, petroleum tanker 21, refrigerated cargo 35, roll on/roll off 5, specialized tanker 1

note: includes some foreign-owned ships registered here as a flag of convenience: Bahrain 2, China 1, Germany 4, Greece 27, Hong Kong 3, Italy 2, Japan 1, Norway 14, Sweden 13, United Kingdom 15, United States 35 (2002 est.)
Military - note defense is the responsibility of the UK
Military branches no regular indigenous military forces; Royal Cayman Islands Police Force (RCIPF)
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 19.27 migrant(s)/1,000 population

note: major destination for Cubans trying to migrate to the US (2003 est.)
Political parties and leaders there are no formal political parties but the following loose groupings act as political organizations; National Team [leader NA]; Democratic Alliance [leader NA]; Team Cayman [leader NA]; United Democratic Party [leader NA]
Political pressure groups and leaders NA
Population 41,934 (July 2003 est.)
Population below poverty line NA%
Population growth rate 2.79% (2003 est.)
Ports and harbors Cayman Brac, George Town
Radio broadcast stations AM 1, FM 5, shortwave 0 (1998)
Railways 0 km
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: 0.87 male(s)/female

total population: 0.96 male(s)/female (2003 est.)
Suffrage 18 years of age; universal
Telephone system general assessment: NA

domestic: NA

international: 1 submarine coaxial cable; satellite earth station - 1 Intelsat (Atlantic Ocean)
Telephones - main lines in use 19,000 (1995)
Telephones - mobile cellular 2,534 (1995)
Television broadcast stations 1 with cable system
Terrain low-lying limestone base surrounded by coral reefs
Total fertility rate 1.91 children born/woman (2003 est.)
Unemployment rate 4.1% (1997)
Waterways none
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