Cayman Islands
NAIndependence none (dependent territory of the UK)
Cayman Islands as the 1998 edition of the CIA World Factbook published it: 91 fields, one of 36 editions from 1990 to 2025.
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Geography
Caribbean, island group in Caribbean Sea, nearly one-half of | the way from Cuba to Honduras
18 fieldsLand useshare of 260 sq km
Climate
tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April)
Environment-current issues
no natural fresh water resources, drinking water supplies must be met by rainwater catchment
People
14 fieldsPer 1,000 population(1998 est.)
Male · female
Net migration rate
33.2 migrant(s)/1,000 population (1998 est.) note: major destination for Cubans trying to migrate to the US
Religions
United Church (Presbyterian and Congregational), Anglican, Baptist, Roman Catholic, Church of God, other Protestant denominations
Government
NA; Queen ELIZABETH II of the UK (since 6 February 1952); Governor and President of the Executive Council John Wynne OWEN (since 15 September 1995)
19 fieldsLegislative Assembly, 6 seats, elected 20 November 1996one dot, one seat
Administrative divisions
8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western
Executive branch
- chief of state:
- Queen ELIZABETH II of the UK (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 queen is a hereditary monarch;
- the governor is appointed by the queen
Legislative branch
unicameral Legislative Assembly (18 seats, 3 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
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
With no direct taxation, the Islands are a thriving | offshore financial center; 28,000 foreign companies do business with | the 600 registered banks and trust companies; banking assets exceed | $500 billion.
28 fieldsGDP-composition by sector(1994 est.)
Economy-overview
With no direct taxation, the Islands are a thriving offshore financial center; 28,000 foreign companies do business with the 600 registered banks and trust companies; banking assets exceed $500 billion. 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 million visitors in 1995 and again in 1996. 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.
Labor force
- total:
- 8,061
- by occupation:
- service workers 18.7%, clerical 18.6%, construction 12.5%, finance and investment 6.7%, directors and business managers 5.9% (1979)
Exports
- total value:
- $3.4 million (f.o.b., 1995 est.)
- commodities:
- turtle products, manufactured consumer goods
- partners:
- mostly US
Imports
- total value:
- $333 million (c.i.f., 1995 est.)
- commodities:
- foodstuffs, manufactured goods
- partners:
- US, Trinidad and Tobago, UK, Netherlands Antilles, Japan
Telephone system
- domestic:
- NA
- international:
- 1 submarine coaxial cable; satellite earth station-1 Intelsat (Atlantic Ocean)
Transportation
7 fieldsMerchant marine, 54 ships by typeone square, one ship · ships (1,000 GRT or over) totaling 751,113 GRT/1,139,958 DWT
Networkskm
Military
Royal Cayman Islands Police Force (RCIPF)
2 fieldsTransnational Issues
2 fieldsIntroduction
1 fieldCurrent issues
In 1996, the Central African Republic experienced three mutinies by dissident elements of the armed forces, which demanded back pay as well as political and military reforms. Continuing violence in 1997 between the government and rebel military groups over pay issues, living conditions, and lack of opposition party representation in the government has destroyed many businesses in the capital, reducing tax revenues and exacerbating the government's problems in meeting expenses.
Cite this entry
Central Intelligence Agency. “Cayman Islands.” The World Factbook 1998. Archived by The Factbook, thefactbook.org/cayman-islands/1998.