Cayman Islands

The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries, and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies, but when the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency.

Main Airports

Cayman Brac (CYB), Grand Cayman (GCM)

U.S. Embassy

Part of the consular district administered by the U.S. Embassy in Kingston, Jamaica
142 Old Hope Road, Kingston 6, Jamaica
tel: (876) 702-6000

Statistics

GDP: purchasing power parity:

$1.391 billion (2004 est.)

GDP - real growth rate:

1.7% (2002 est.)

GDP - per capita: purchasing power parity:

32,300 (2004 est.)

Inflation rate (consumer prices):

2.8% (2002)

Labor force:

19,820 (1995)

Exports:

$1.2 million (1999)

Exports - partners:

mostly US (2004)

Imports:

$457.4 million (1999)

Imports - partners:

US, Trinidad and Tobago, UK, Netherlands Antilles, Japan (2004)

Population:

45,436

Population growth rate:

2.56% (2006 est.)

Population Below Poverty Line:

NA

Major Industries:

tourism, banking, insurance and finance, construction, construction materials, furniture

Employing Workers: *

Registering Property: *

Enforcing Contracts: *

Closing a Business: *

*2006 World Bank rank out of 175 countries

Starting a Business

The table below shows the number of steps and the amount of time needed to start a business, on average

Indicator

Cayman Islands

Region

• Agriculture
• Apparel
• Arts & Crafts
• Automobile
• Bags, Cases & Boxes
• Chemicals
• Computer Hardware & Software
• Construction & Real Estate
• Consumer Electronics
• Electrical & Electronics
• Energy & Environment
• Food & Beverage
• Furniture & Furnishing
• Health & Medicine
• Home Supplies
• Industrial Supplies
• Lights & Lighting
• Machinery
• Mineral & Materials
• Office Supplies
• Security & Protection
• Service
• Sports & Entertainment
• Telecommunications
• Textile
• Toys
• Transportation