Caymanian interests in the US are represented by the UK; US--none
Flag: 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
Overview: The economy depends heavily on tourism (70% of GDP
and 75% of export 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 needs must be imported. The Caymanians enjoy one of the highest
standards of living in the region.
GDP: $238 million, per capita $10,000 (1989 est.); real growth
rate 12% (1987 est.)
Inflation rate (consumer prices): 2.4% (1986)
Unemployment rate: NA%
Budget: revenues $46.2 million; expenditures $47.0 million, including
capital expenditures of $9.1 million (1986)
Exports: $2.2 million (f.o.b., 1986 est.);
commodities--turtle products, manufactured consumer goods;
partners--mostly US
Imports: $134 million (c.i.f., 1986 est.);
commodities--foodstuffs, manufactured goods;
partners--US, Trinidad and Tobago, UK, Netherlands Antilles, Japan
External debt: $15 million (1986)
Industrial production: growth rate NA%
Electricity: 59,000 kW capacity; 213 million kWh produced,
8,960 kWh per capita (1989)
Industries: tourism, banking, insurance and finance, real estate
and construction
Agriculture: minor production of vegetables, fruit, livestock; turtle
farming
Aid: US commitments, including Ex-Im (FY70-87), $26.7 million;
Western (non-US) countries, ODA and OOF bilateral commitments (1970-87),
$32.2 million
Currency: Caymanian dollar (plural--dollars); 1 Caymanian dollar
(CI$) = 100 cents
Exchange rates: Caymanian dollars (CI$) per US$1--0.835 (fixed rate)
Fiscal year: 1 April-31 March
- Communications
Highways: 160 km of main roads
Ports: George Town, Cayman Brac
Merchant marine: 32 ships (1,000 GRT or over) totaling 355,055 GRT/576,622
DWT; includes 1 passenger-cargo, 8 cargo, 8 roll-on/roll-off cargo, 4 petroleum,
oils, and lubricants (POL) tanker, 1 chemical tanker, 1 specialized tanker, 1
liquefied gas carrier, 8 bulk; note--a flag of convenience registry
Airports: 3 total; 3 usable; 2 wi
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