f Appeal
Leaders:
Chief of State:
Queen ELIZABETH II (since 6 February 1952)
Head of Government:
Governor and President of the Executive Council Michael GORE (since NA May
1992)
Member of:
CARICOM (observer), CDB, INTERPOL (subbureau), IOC
Diplomatic representation in US:
as a dependent territory of the UK, Caymanian interests in the US are
represented by the UK
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

*Cayman Islands, 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.
National product:
GDP - exchange rate conversion - $670 million (1991 est.)
National product real growth rate:
4.4% (1991)
National product per capita:
$23,000 (1991 est.)
Inflation rate (consumer prices):
8% (1990 est.)
Unemployment rate:
7% (1992)
Budget:
revenues $141.5 million; expenditures $160.7 million, including capital
expenditures of $NA (1991)
Exports:
$1.5 million (f.o.b., 1987 est.)
commodities:
turtle products, manufactured consumer goods
partners:
mostly US
Imports:
$136 million (c.i.f., 1987 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:
74,000 kW capacity; 256 million kWh produced, 8,780 kWh per capita (1992)
Industries:
tourism, banking, insurance and finance, construction, building materials,
furniture making
Agriculture:
minor production of vegetables, fruit, livestock; turtle farming
Economic aid:
US commitments, including Ex-Im (FY70-89), $26.7 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $35 million
Currency:
1 Caymanian dollar (CI$) = 100 cents
Exchange rates:
Caymanian dollars (CI$) per US$1 - 1.20