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Compare Cayman Islands (2005) - British Virgin Islands (2002)

Compare Cayman Islands (2005) z British Virgin Islands (2002)

 Cayman Islands (2005)British Virgin Islands (2002)
 Cayman IslandsBritish Virgin Islands
Administrative divisions 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western none (overseas territory of the UK)
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.)
0-14 years: 22.4% (male 2,401; female 2,351)


15-64 years: 72.7% (male 7,962; female 7,509)


65 years and over: 4.9% (male 565; female 484) (2002 est.)
Agriculture - products vegetables, fruit; livestock, turtle farming fruits, vegetables; livestock, poultry; fish
Airports 3 (2004 est.) 3 (2001)
Airports - with paved runways total: 2


1,524 to 2,437 m: 2 (2004 est.)
total: 2


914 to 1,523 m: 1


under 914 m: 1 (2002)
Airports - with unpaved runways total: 1


914 to 1,523 m: 1 (2004 est.)
total: 1


914 to 1,523 m: 1 (2002)
Area total: 262 sq km


land: 262 sq km


water: 0 sq km
total: 153 sq km


land: 153 sq km


water: 0 sq km


note: comprised of 16 inhabited and more than 20 uninhabited islands; includes the island of Anegada
Area - comparative 1.5 times the size of Washington, DC about 0.9 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. First settled by the Dutch in 1648, the islands were annexed in 1672 by the English. The economy is closely tied to the larger and more populous US Virgin Islands to the west; the US dollar is the legal currency.
Birth rate 12.92 births/1,000 population (2005 est.) 15.09 births/1,000 population (2002 est.)
Budget revenues: $265.2 million


expenditures: $248.9 million, including capital expenditures of NA (1997)
revenues: $121.5 million


expenditures: $115.5 million, including capital expenditures of $NA (1997)
Capital George Town Road Town
Climate tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April) subtropical; humid; temperatures moderated by trade winds
Coastline 160 km 80 km
Constitution 1959; revised 1972 and 1992 1 June 1977
Country name conventional long form: none


conventional short form: Cayman Islands
conventional long form: none


conventional short form: British Virgin Islands


abbreviation: BVI
Currency - US dollar (USD)
Death rate 4.81 deaths/1,000 population (2005 est.) 4.42 deaths/1,000 population (2002 est.)
Debt - external $70 million (1996) $36.1 million (1997)
Dependency status overseas territory of the UK overseas territory of the UK; internal self-governing
Diplomatic representation from the US none (overseas territory of the UK) none (overseas territory of the UK)
Diplomatic representation in the US none (overseas territory of the UK) none (overseas territory of the UK)
Disputes - international none none
Economic aid - recipient NA 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. The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, generating an estimated 45% of the national income. An estimated 350,000 tourists, mainly from the US, visited the islands in 1998. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, is expected to make the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the dollar as its currency since 1959.
Electricity - consumption 382.1 million kWh (2002) 39.1 million kWh (1999)
Electricity - exports 0 kWh (2002) 0 kWh (1999)
Electricity - imports 0 kWh (2002) 0 kWh (1999)
Electricity - production 410.8 million kWh (2002) 42 million kWh (1999)
Electricity - production by source - fossil fuel: 100%


hydro: 0%


nuclear: 0%


other: 0% (1999)
Elevation extremes lowest point: Caribbean Sea 0 m


highest point: The Bluff 43 m
lowest point: Caribbean Sea 0 m


highest point: Mount Sage 521 m
Environment - current issues no natural fresh water resources; drinking water supplies must be met by rainwater catchments limited natural fresh water resources (except for a few seasonal streams and springs on Tortola, most of the islands' water supply comes from wells and rainwater catchments)
Ethnic groups mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20% black 83%, white, Indian, Asian and mixed
Exchange rates Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993) the US dollar is used
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
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Tom MACAN (since 14 October 2002)


head of government: Chief Minister Ralph T. O'NEAL (since 15 May 1995)


cabinet: Executive Council appointed by the governor from members of the Legislative Council


elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed chief minister by the governor
Exports NA $6.2 million
Exports - commodities turtle products, manufactured consumer goods rum, fresh fish, fruits, animals; gravel, sand
Exports - partners mostly US Virgin Islands (US), Puerto Rico, US
Fiscal year 1 April - 31 March 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 blue, with the flag of the UK in the upper hoist-side quadrant and the Virgin Islander coat of arms centered in the outer half of the flag; the coat of arms depicts a woman flanked on either side by a vertical column of six oil lamps above a scroll bearing the Latin word VIGILATE (Be Watchful)
GDP - purchasing power parity - $311 million (2000 est.)
GDP - composition by sector agriculture: 1.4%


industry: 3.2%


services: 95.4% (1994 est.)
agriculture: 2%


industry: 6%


services: 92% (1996 est.)
GDP - per capita purchasing power parity - $32,300 (2004 est.) purchasing power parity - $16,000 (2000 est.)
GDP - real growth rate 1.7% (2002 est.) 4.4% (2000 est.)
Geographic coordinates 19 30 N, 80 30 W 18 30 N, 64 30 W
Geography - note important location between Cuba and Central America strong ties to nearby US Virgin Islands and Puerto Rico
Highways total: 785 km


paved: 785 km (2000)
total: 177 km


paved: 177 km


unpaved: 0 km (2000)
Household income or consumption by percentage share lowest 10%: NA


highest 10%: NA
lowest 10%: NA%


highest 10%: NA%
Illicit drugs offshore financial center; vulnerable to drug transshipment to the US and Europe transshipment point for South American narcotics destined for the US and Europe; large offshore financial center
Imports NA $230 million (2000 est.)
Imports - commodities foodstuffs, manufactured goods building materials, automobiles, foodstuffs, machinery
Imports - partners US, Trinidad and Tobago, UK, Netherlands Antilles, Japan Virgin Islands (US), Puerto Rico, US
Independence none (overseas territory of the UK) none (overseas territory of the UK)
Industrial production growth rate NA% 4% (1985)
Industries tourism, banking, insurance and finance, construction, construction materials, furniture tourism, light industry, construction, rum, concrete block, offshore financial center
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.)
19.55 deaths/1,000 live births (2002 est.)
Inflation rate (consumer prices) 2.8% (2002) 3.3% (2000)
International organization participation Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU Caricom (associate), CDB, ECLAC (associate), Interpol (subbureau), IOC, OECS (associate), UNESCO (associate)
Internet Service Providers (ISPs) - 16 (2000)
Irrigated land NA sq km NA sq km
Judicial branch Summary Court; Grand Court; Cayman Islands Court of Appeal Eastern Caribbean Supreme Court, consisting of the High Court of Justice and the Court of Appeal (one judge of the Supreme Court is a resident of the islands and presides over the High Court); Magistrate's Court; Juvenile Court; Court of Summary Jurisdiction
Labor force 19,820 (1995) 4,911 (1980)
Labor force - by occupation agriculture 1.4%, industry 12.6%, services 86% (1995) agriculture NA%, industry NA%, services NA%
Land boundaries 0 km 0 km
Land use arable land: 3.85%


permanent crops: 0%


other: 96.15% (2001)
arable land: 20%


permanent crops: 6.67%


other: 73.33% (1998 est.)
Languages English English (official)
Legal system British common law and local statutes English law
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
unicameral Legislative Council (13 seats; members are elected by direct popular vote, one member from each of 9 electoral districts, four at-large members; members serve four-year terms)


elections: last held 17 May 1999 (next to be held NA 2003)


election results: percent of vote by party - NA%; seats by party - VIP 7, CCM 1, NDP 5
Life expectancy at birth total population: 79.95 years


male: 77.33 years


female: 82.6 years (2005 est.)
total population: 75.85 years


male: 74.9 years


female: 76.84 years (2002 est.)
Literacy definition: age 15 and over has ever attended school


total population: 98%


male: 98%


female: 98% (1970 est.)
definition: age 15 and over can read and write


total population: 97.8% (1991 est.)


male: NA%


female: NA%
Location Caribbean, island group in Caribbean Sea, nearly one-half of the way from Cuba to Honduras Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico
Map references Central America and the Caribbean Central America and the Caribbean
Maritime claims territorial sea: 12 nm


exclusive fishing zone: 200 nm
exclusive fishing zone: 200 NM


territorial sea: 3 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)
total: 1 ship (1,000 GRT or over) totaling 70,285 GRT/6,946 DWT


ships by type: passenger 1 (2002 est.)
Military - note defense is the responsibility of the UK 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 Territory Day, 1 July
Nationality noun: Caymanian(s)


adjective: Caymanian
noun: British Virgin Islander(s)


adjective: British Virgin Islander
Natural hazards hurricanes (July to November) hurricanes and tropical storms (July to October)
Natural resources fish, climate and beaches that foster tourism NEGL
Net migration rate 18.25 migrant(s)/1,000 population


note: major destination for Cubans trying to migrate to the US (2005 est.)
10.91 migrant(s)/1,000 population (2002 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] Concerned Citizens Movement or CCM [Ethlyn SMITH]; National Democratic Party or NDP [Orlando SMITH]; United Party or UP [Gregory MADURO]; Virgin Islands Party or VIP [Ralph T. O'NEAL]
Political pressure groups and leaders NA NA
Population 44,270 (July 2005 est.) 21,272 (July 2002 est.)
Population below poverty line NA (2002 est.) NA%
Population growth rate 2.64% (2005 est.) 2.16% (2002 est.)
Ports and harbors Cayman Brac, George Town Road Town
Radio broadcast stations AM 1, FM 4, shortwave 0 (2004) AM 1, FM 4, shortwave 0 (1998)
Radios - 9,000 (1997)
Railways - 0 km
Religions United Church (Presbyterian and Congregational), Anglican, Baptist, Church of God, other Protestant, Roman Catholic Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 2%), Roman Catholic 10%, none 2%, other 2% (1991)
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.)
at birth: 1.04 male(s)/female


under 15 years: 1.02 male(s)/female


15-64 years: 1.06 male(s)/female


65 years and over: 1.17 male(s)/female


total population: 1.06 male(s)/female (2002 est.)
Suffrage 18 years of age; universal 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)
general assessment: worldwide telephone service


domestic: NA


international: submarine cable to Bermuda
Telephones - main lines in use 38,000 (2002) 10,000 (1996)
Telephones - mobile cellular 17,000 (2002) NA
Television broadcast stations 4 with cable system (2004) 1 (plus one cable company) (1997)
Terrain low-lying limestone base surrounded by coral reefs coral islands relatively flat; volcanic islands steep, hilly
Total fertility rate 1.9 children born/woman (2005 est.) 1.72 children born/woman (2002 est.)
Unemployment rate 4.1% (1997) 3% (1995)
Waterways - none
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