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With no direct taxation, the islands are a thriving offshore financial center. More than 93,000 companies were registered in the Cayman Islands as of 2008, including almost 300 banks, 800 insurers, and 10,000 mutual funds. 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 1.9 million in 2008, with about half 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.
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$2.25 billion (2008 est.)
country comparison to the world: 181
$2.23 billion (2004 est.)
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$2.25 billion (2008 est.)
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1.1% (2008 est.)
country comparison to the world: 97
0.9% (2004 est.)
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$43,800 (2004 est.)
country comparison to the world: 14
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agriculture: 1.4%
industry:
3.2%
services:
95.4% (1994 est.)
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39,000
country comparison to the world: 197
note:
nearly 55% are non-nationals (2007)
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agriculture: 1.9%
industry:
19.1%
services:
79% (2008 est.)
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4% (2008)
country comparison to the world: 35
4.4% (2004)
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NA%
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lowest 10%: NA%
highest 10%:
NA%
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revenues: $423.8 million
expenditures:
$392.6 million (2004)
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4.1% (2008)
country comparison to the world: 132
4.4% (2004)
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$334.3 million (31 December 2008)
country comparison to the world: 137
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$5.23 billion (31 December 2008)
country comparison to the world: 85
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$NA (31 December 2008)
country comparison to the world: 110
$183.5 million (31 December 2007)
$188.4 million (31 December 2006)
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vegetables, fruit; livestock; turtle farming
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tourism, banking, insurance and finance, construction, construction materials, furniture
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NA%
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546 million kWh (2007 est.)
country comparison to the world: 156
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507.8 million kWh (2007 est.)
country comparison to the world: 162
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 198
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3,000 bbl/day (2009 est.)
country comparison to the world: 178
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0 bbl/day (2007 est.)
country comparison to the world: 205
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3,294 bbl/day (2007 est.)
country comparison to the world: 168
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0 bbl (1 January 2009 est.)
country comparison to the world: 194
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0 cu m (2008 est.)
country comparison to the world: 188
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0 cu m (2008 est.)
country comparison to the world: 200
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0 cu m (2008 est.)
country comparison to the world: 194
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0 cu m (2008 est.)
country comparison to the world: 194
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0 cu m (1 January 2009 est.)
country comparison to the world: 193
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$13.8 million (2008)
country comparison to the world: 210
$2.52 million (2004)
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turtle products, manufactured consumer goods
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$876.5 million (2004)
country comparison to the world: 172
$866.9 million (2004)
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foodstuffs, manufactured goods, fuels
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$70 million (1996)
country comparison to the world: 184
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$NA
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$NA
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Caymanian dollars (KYD) per US dollar - NA (2007), 0.8496 (2006)
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