none (dependent territory of the UK)
National holiday: Constitution Day (first Monday in July)
Constitution: 1959, revised 1972 and 1992
Legal system: British common law and local statutes
Suffrage: 18 years of age; universal
Executive branch:
chief of state: Queen ELIZABETH II (of the United Kingdom since 6
February 1952) is a hereditary monarch
head of government: Governor and President of the Executive Council
John OWEN (since 15 September 1995)
cabinet: Executive Council - three members are appointed by the
governor, four members are elected by the Legislative Assembly
Legislative branch: unicameral Legislative Assembly: election last held 18 November 1992 (next to be held NA November 1996); results - percent of vote by party NA; seats - (15 total, 12 elected) independents 12
Judicial branch: Grand Court; Cayman Islands Court of Appeal
Political parties and leaders: no formal political parties
International organization participation: Caricom (observer), CDB,
Interpol (subbureau), IOC
Diplomatic representation in US: none (dependent territory of the
UK)
US diplomatic representation: none (dependent territory of the UK)
Flag: blue, with the flag of the UK in the upper hoist-side quadrant and the Caymanian coat of arms on a white disk 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
Economy———
Economic overview: With no direct taxation, the Islands are a thriving offshore financial center. 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 one million visitors in 1995 for the first time. 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.
GDP: purchasing power parity - $750 million (1994 est.)
GDP real growth rate: 4.5% (1994 est.)
GDP per capita: $22,500 (1994 est.)
GDP composition by sector: agriculture: 1.4% industry: 3.2% services: 95.4% (1994 est.)
Inflation rate (consumer prices): 1.8% (1995 est.)
Labor force: 8,061
by occupation: service workers 18.7%, clerical 18.6%, construction
12.5%, finance and investment 6.7%, directors and business managers
5.9% (1979)
Unemployment rate: 7% (1992)
Budget:
revenues: $141.5 million
expenditures: $160.7 million, including capital expenditures of $NA
(1991)
Industries: tourism, banking, insurance and finance, construction,
construction materials, furniture
Industrial production growth rate: NA%
Electricity: capacity: 80,000 kW production: 230 million kWh consumption per capita: 6,899 kWh (1993)
Agriculture: vegetables, fruit; livestock; turtle farming
Illicit drugs: a major money-laundering center for illicit drug
profits; transshipment point for narcotics bound for the US and
Europe
Exports: $10 million (f.o.b., 1993 est.)
commodities: turtle products, manufactured consumer goods
partners: mostly US
Imports: $312 million (c.i.f., 1993 est.)
commodities: foodstuffs, manufactured goods
partners: US, Trinidad and Tobago, UK, Netherlands Antilles, Japan
External debt: $15 million (1986)
Economic aid: recipient: ODA, $NA
Currency: 1 Caymanian dollar (CI$) = 100 cents
Exchange rates: Caymanian dollars (CI$) per US$1 - 0.83 (18
November 1993), 0.85 (22 November 1993)
Fiscal year: 1 April - 31 March
Transportation———————
Railways: 0 km
Highways: total: 406 km paved: 304 km unpaved: 102 km
Ports: Cayman Brac, George Town
Merchant marine:
total: 19 ships (1,000 GRT or over) totaling 283,734 GRT/432,610 DWT
ships by type: bulk 3, cargo 6, chemical tanker 2, container 1, oil
tanker 3, roll-on/roll-off cargo 4
note: a flag of convenience registry; UK owns 1 ship, India 1,
Norway 1, US 3, Sweden 1, and UAE 1 (1995 est.)
Airports:
total: 3
with paved runways 1 524 to 2 437 m: 2
with unpaved runways 914 to 1 523 m: 1 (1995 est.)
Communications———————
Telephones: 21,584 (1993 est.)
Telephone system:
domestic: NA
international: 1 submarine coaxial cable; satellite earth station -
1 Intelsat (Atlantic Ocean)
Radio broadcast stations: AM 2, FM 1, shortwave 0
Radios: 28,200 (1992 est.)
Television
