Cayman Islands

Country Summary

2022 population pyramid

Introduction

Background

The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies. When the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency.

Geography

Area

total: 264 sq km

land: 264 sq km

water: 0 sq km

Climate

tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April)

Natural resources

fish, climate and beaches that foster tourism

People and Society

Population

64,309 (2022 est.)

Ethnic groups

mixed 40%, White 20%, African descent 20%, expatriates of various ethnic groups 20%

Languages

English (official) 90.9%, Spanish 4%, Filipino 3.3%, other 1.7%, unspecified 0.1% (2010 est.)

Religions

Protestant 67.8% (includes Church of God 22.6%, Seventh Day Adventist 9.4%, Presbyterian/United Church 8.6%, Baptist 8.3%, Pentecostal 7.1%, non-denominational 5.3%, Anglican 4.1%, Wesleyan Holiness 2.4%), Roman Catholic 14.1%, Jehovah's Witness 1.1%, other 7%, none 9.3%, unspecified 0.7% (2010 est.)

Population growth rate

1.83% (2022 est.)

Government

Government type

parliamentary democracy; self-governing overseas territory of the UK

Capital

name: George Town (on Grand Cayman)

Executive branch

chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Martyn ROPER (since 29 October 2018)

head of government: Premier Wayne PANTON (since 21 April 2021)

Legislative branch

description: unicameral Parliament (21 seats; 19 members directly elected by majority vote and 2 ex officio members - the deputy governor and attorney general - appointed by the governor; members serve 4-year terms)

Economy

Economic overview

dominant offshore banking territory; services sector accounts for over 85% of economic activity; recently adopted a fiscal responsibility framework to combat tax evasion and money laundering; large tourism sector; does not have any welfare system; high standard of living

Real GDP (purchasing power parity)

$4.78 billion (2019 est.)

Real GDP per capita

$73,600 (2019 est.)

Agricultural products

vegetables, fruit; livestock; turtle farming

Industries

tourism, banking, insurance and finance, construction, construction materials, furniture

Exports

$4.13 billion (2019 est.)

Exports - partners

Netherlands 82%, Spain 11% (2019)

Exports - commodities

recreational boats, gold, broadcasting equipment, sulfates, collector's items (2019)

Imports

$2.7 billion (2019 est.)

Imports - partners

Netherlands 56%, United States 18%, Italy 8%, Switzerland 5% (2019)

Imports - commodities

recreational boats, ships, gold, refined petroleum, cars (2019)


Page last updated: Wednesday, May 11, 2022