CAYMAN ISLANDS
Location:
The Cayman Islands are located in the northwestern Caribbean Sea, nearly halfway
between Cuba and Honduras. Its total area is 260 square kilometres.
Population:
31,790 (July, 1994 estimate)
Languages:
Government:
The Cayman Islands are a dependent territory of the United Kingdom.
Legal System:
The Caymanian legal system is based on British common law and local statutes.
Telecommunications:
The Caymanian telephone system uses one submarine coaxial cable and one
Atlantic Ocean INTELSAT earth station to link islands and access
international services.
Economy:
The economy depends heavily on tourism (70% of GDP and 75% of foreign currency
earnings) and offshore financial services, with the tourist industry aimed at the luxury
market and catering mainly to visitors from North America. About 90% of the islands'
food and consumer goods must be imported. The Caymanians enjoy one of the highest
standards of living in the region.
Industries:
The Cayman Islands' main industries are tourism, banking, insurance and finance,
construction, building materials and furniture making.
Currency:
1 Caymanian dollar (CI$) = 100 cents
Exchange Rates:
Caymanian dollars (CI$) per US$1 - 0.85 (November, 1993)
Related sites:
Cayman Islands
Cayman Islands Hotels
Cayman Islands Offshore Financial Services Directory
To the Offshore World home page.
To the Offshore Financial Centres page.