style="font-size:15px;"> Country name: conventional long form: none conventional short form:Cayman Islands
Dependency status: overseas territory of the UK
Government type: British crown colony
Capital: George Town
Administrative divisions: 8 districts; Creek, Eastern, Midland, South
Town, Spot Bay, Stake Bay, West End, Western
Independence: none (overseas 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 (since 6 February 1952); Governor Bruce DINWIDDY (since 29 May 2002) elections: none; the monarch is hereditary; the governor is appointed by the monarch head of government: (three members appointed by the governor, four members elected by the Legislative Assembly)
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
Judicial branch: Summary Court; Grand Court; Cayman Islands Court of Appeal
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
International organization participation: Caricom (observer), CDB,
Interpol (subbureau), IOC, UNESCO (associate)
Diplomatic representation in the US: none (overseas territory of the UK)
Diplomatic representation from the US: none (overseas territory of the UK)
Flag description: 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 Cayman Islands
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.
GDP: purchasing power parity - $1.18 billion (1999 est.)
GDP - real growth rate: 4.5% (2000)
GDP - per capita: purchasing power parity - $30,000 (1999 est.)
GDP - composition by sector: agriculture: 1.4% industry: 3.2% services: 95.4% (1994 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 2.3% (2000)
Labor force: 19,820 (1995)
Labor force - by occupation: agriculture 1.4%, industry 12.6%, services 86% (1995)
Unemployment rate: 4.1% (1997)
Budget: revenues: $265.2 million expenditures: $248.9 million, including capital expenditures of $NA (1997)
Industries: tourism, banking, insurance and finance, construction, construction materials, furniture
Industrial production growth rate: NA%
Electricity - production: 355 million kWh (2000)
Electricity - production by source: fossil fuel: 100% hydro: 0% other: 0% (2000) nuclear: 0%
Electricity - consumption: 330.15 million kWh (2000)
Electricity - exports: 0 kWh (2000)
Electricity - imports: 0 kWh (2000)
Agriculture - products: vegetables, fruit; livestock, turtle farming
Exports: $1.2 million (1999)
Exports - commodities: turtle products, manufactured consumer goods
Exports - partners: mostly US
Imports: $457.4 million (1999)
Imports - commodities: foodstuffs, manufactured goods
Imports - partners: US, Trinidad and Tobago, UK, Netherlands Antilles,
Japan
Debt - external: $70 million (1996)
Economic aid - recipient: $NA
Currency: Caymanian dollar (KYD)
Currency code: KYD
Exchange rates: Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993)
Fiscal year: 1 April - 31 March
Communications Cayman Islands
Telephones - main lines in use: 19,000 (1995)
Telephones - mobile cellular: 2,534 (1995)
Telephone system: general assessment: NA domestic: NA international: 1 submarine coaxial cable; satellite earth station - 1 Intelsat (Atlantic Ocean)
Radio broadcast stations: AM 1, FM 5, shortwave 0 (1998)
Radios: 36,000 (1997)
Television broadcast stations: 1 with cable system
Televisions: 7,000 (1997)
Internet country code: .ky
Internet Service Providers (ISPs): 16 (2000)
