The 1999 CIA World Factbook. United States. Central Intelligence Agency

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      Environment—international agreements:

       party to: NA

       signed, but not ratified: NA

      Geography—note: important location between Cuba and Central

       America

      People

      Population: 39,335 (July 1999 est.)

      Age structure: 0–14 years: NA 15–64 years: NA 65 years and over: NA

      Population growth rate: 4.19% (1999 est.)

      Birth rate: 13.66 births/1,000 population (1999 est.)

      Death rate: 4.98 deaths/1,000 population (1999 est.)

      Net migration rate: 33.2 migrant(s)/1,000 population (1999 est.) note: major destination for Cubans trying to migrate to the US

      Infant mortality rate: 8.4 deaths/1,000 live births (1999 est.)

      Life expectancy at birth: total population: 77.1 years male: 75.37 years female: 78.81 years (1999 est.)

      Total fertility rate: 1.31 children born/woman (1999 est.)

      Nationality: noun: Caymanian(s) adjective: Caymanian

      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:

       definition: age 15 and over has ever attended school

       total population: 98%

       male: 98%

       female: 98% (1970 est.)

      Government

      Country name: conventional long form: none conventional short form: Cayman Islands

      Data code: CJ

      Dependency status: overseas territory of the UK

      Government type: NA

      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)

       head of government: Governor and President of the Executive Council

       John Wynne OWEN (since 15 September 1995)

       cabinet: Executive Council (three members appointed by the governor,

       four members elected by the Legislative Assembly)

       elections: none; the monarch is hereditary; the governor is

       appointed by the monarch

      Legislative branch: unicameral Legislative Assembly (18 seats,

       three official members and 15 elected by popular vote; members serve

       four-year terms)

       elections: last held 20 November 1996 (next to be held NA November

       2000)

       election results: percent of vote—NA; seats—National Team coalition

       9, independents 6

      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 (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

      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 1997, 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 visitors in 1997. 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—$930 million (1997 est.)

      GDP—real growth rate: 5.5% (1997 est.)

      GDP—per capita: purchasing power parity?$24,500 (1997 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): 2.7% (1997)

      Labor force: 19,820 (1995)

      Labor force—by occupation: service workers 18.7%, clerical 18.6%, construction 12.5%, finance and investment 6.7%, directors and business managers 5.9% (1979)

      Unemployment rate: 5.1% (1996)

      Budget:

       revenues: $265.2 million

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