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Cayman Islands
Location: Caribbean, island group in Caribbean Sea, nearly one-half of the way from Cuba to Honduras Geographic coordinates: 19 30 N, 80 30 W Map references: Central America and the Caribbean
Area:
Areacomparative: 1.5 times the size of Washington, DC Land boundaries: 0 km Coastline: 160 km
Maritime claims:
Climate: tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April) Terrain: low-lying limestone base surrounded by coral reefs
Elevation extremes:
Natural resources: fish, climate and beaches that foster tourism
Land use:
Irrigated land: NA sq km Natural hazards: hurricanes (July to November) Environmentcurrent issues: no natural fresh water resources, drinking water supplies must be met by rainwater catchment
Environmentinternational agreements:
Geographynote: important location between Cuba and Central America
Population: 37,716 (July 1998 est.)
Age structure:
Population growth rate: 4.22% (1998 est.) Birth rate: 13.95 births/1,000 population (1998 est.) Death rate: 4.98 deaths/1,000 population (1998 est.)
Net migration rate: 33.2 migrant(s)/1,000 population (1998 est.)
Infant mortality rate: 8.4 deaths/1,000 live births (1998 est.)
Life expectancy at birth:
Total fertility rate: 1.34 children born/woman (1998 est.)
Nationality:
Ethnic groups: mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20% Religions: United Church (Presbyterian and Congregational), Anglican, Baptist, Roman Catholic, Church of God, other Protestant denominations Languages: English
Literacy:
Country name:
Data code: CJ Dependency status: dependent territory of the UK Government type: NA National capital: George Town Administrative divisions: 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western Independence: 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:
Legislative branch: unicameral Legislative Assembly (18 seats, 3 official members and 15
elected by popular vote; members serve four-year terms)
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 the US: none (dependent territory of the UK) Diplomatic representation from the US: none (dependent 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
Economyoverview: With no direct taxation, the Islands are a thriving offshore financial center; 28,000 foreign companies do business with the 600 registered banks and trust companies; banking assets exceed $500 billion. 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 million visitors in 1995 and again in 1996. 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$860 million (1996 est.) GDPreal growth rate: 4.5% (1996 est.) GDPper capita: purchasing power parity$23,800 (1996 est.)
GDPcomposition by sector:
Inflation rateconsumer price index: 2.1% (1996 est.)
Labor force:
Unemployment rate: 7% (1992)
Budget:
Industries: tourism, banking, insurance and finance, construction, construction materials, furniture Industrial production growth rate: NA% Electricitycapacity: 75,000 kW (1995) Electricityproduction: 230 million kWh (1995) Electricityconsumption per capita: 6,929 kWh (1995) Agricultureproducts: vegetables, fruit; livestock; turtle farming
Exports:
Imports:
Debtexternal: $NA
Economic aid:
Currency: 1 Caymanian dollar (CI$) = 100 cents Exchange rates: Caymanian dollars (CI$) per US$10.83 (3 November 1995), 0.85 (22 November 1993) Fiscal year: 1 April31 March
Telephones: 21,584 (1993 est.)
Telephone system:
Radio broadcast stations: AM 2, FM 1, shortwave 0 Radios: 28,200 (1992 est.) Television broadcast stations: 1 (1995) Televisions: 6,000 (1992 est.)
Railways: 0 km
Highways:
Ports and harbors: Cayman Brac, George Town
Merchant marine:
Airports: 3 (1997 est.)
Airportswith paved runways:
Airportswith unpaved runways:
Military branches: Royal Cayman Islands Police Force (RCIPF) Militarynote: defense is the responsibility of the UK
Disputesinternational: none Illicit drugs: vulnerable to drug money-laundering and drug transshipment |