Cayman Islands Economic Statistics and Indicators

31, Oct 2020, EDT. Welcome to the Cayman Islands economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Cayman Islands › Change country
National or Regional Currency: Cayman Islands Dollar, KYD
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 54,914 (July 2013 est.) ; note: most of the population lives on Grand Cayman (July 2014 est.)
Area: total: 264 sq km ; land: 264 sq km ; water: 0 sq km
Natural Resources: fish, climate and beaches that foster tourism
Capital: name: George Town (on Grand Cayman) ; geographic coordinates: 19 18 N, 81 23 W ; time difference: UTC-5 (same time as Washington, DC, during Standard Time)

With no direct taxation, the islands are a thriving offshore financial center. More than 93,000 companies were registered in the Cayman Islands as of 2008, including almost 300 banks, 800 insurers, and 10,000 mutual funds. 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 1.9 million in 2008, with about half from the US. Nearly 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy a standard of living comparable to that of Switzerland.
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