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Cayman Islands (2005)

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Cayman Islands 2005 year

 Cayman Islands
Administrative divisions 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western
Age structure 0-14 years: 21.1% (male 4,658/female 4,662)

15-64 years: 70.8% (male 15,284/female 16,050)

65 years and over: 8.2% (male 1,699/female 1,917) (2005 est.)
Agriculture - products vegetables, fruit; livestock, turtle farming
Airports 3 (2004 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 12.92 births/1,000 population (2005 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
Death rate 4.81 deaths/1,000 population (2005 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 382.1 million kWh (2002)
Electricity - exports 0 kWh (2002)
Electricity - imports 0 kWh (2002)
Electricity - production 410.8 million kWh (2002)
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: Leader of Government Business Kurt TIBBETTS (since 18 May 2005)

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; following legislative elections, the leader of the majority party or coalition is appointed by the governor Leader of Government Business
Exports 0 kWh (2002)
Exports $1.2 million (1999)
Exports NA
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 - composition by sector agriculture: 1.4%

industry: 3.2%

services: 95.4% (1994 est.)
GDP - per capita purchasing power parity - $32,300 (2004 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 (2002)
Imports $457.4 million (1999)
Imports NA
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: 8.19 deaths/1,000 live births

male: 9.39 deaths/1,000 live births

female: 6.97 deaths/1,000 live births (2005 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 11 May 2005 (next to be held 2009)

election results: percent of vote - NA%; seats - PPM 9, UDP 5, independent 1
Life expectancy at birth total population: 79.95 years

male: 77.33 years

female: 82.6 years (2005 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: 129 ships (1,000 GRT or over) 2,827,837 GRT/4,555,974 DWT

by type: bulk carrier 29, cargo 12, chemical tanker 39, liquefied gas 1, petroleum tanker 17, refrigerated cargo 28, roll on/roll off 3

foreign-owned: 126 (Denmark 1, Germany 14, Greece 20, Italy 12, Norway 1, Philippines 1, Sweden 13, Switzerland 11, United Kingdom 9, United States 44) (2005)
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 18.25 migrant(s)/1,000 population

note: major destination for Cubans trying to migrate to the US (2005 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 44,270 (July 2005 est.)
Population below poverty line NA (2002 est.)
Population growth rate 2.64% (2005 est.)
Ports and harbors Cayman Brac, George Town
Radio broadcast stations AM 1, FM 4, shortwave 0 (2004)
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: 0.89 male(s)/female

total population: 0.96 male(s)/female (2005 est.)
Suffrage 18 years of age; universal
Telephone system general assessment: reasonably good system

domestic: liberalization of telecom market in 2003 reflected in falling prices and improving services

international: country code - 1-345; 2 submarine fiber optic cables (Maya-1, Cayman-Jamaica); satellite earth station - 1 Intelsat (Atlantic Ocean)
Telephones - main lines in use 38,000 (2002)
Telephones - mobile cellular 17,000 (2002)
Television broadcast stations 4 with cable system (2004)
Terrain low-lying limestone base surrounded by coral reefs
Total fertility rate 1.9 children born/woman (2005 est.)
Unemployment rate 4.1% (1997)
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