Economy - overview:
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. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy a standard of living roughly equal to that of Switzerland.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Cayman Islands on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Cayman Islands Economy 2012 information contained here. All suggestions for corrections of any errors about Cayman Islands Economy 2012 should be addressed to the CIA.
$2.25 billion (2008 est.)
country comparison to the world: 183
[see also: GDP country ranks ]
$2.25 billion (2008 est.)
[see also: GDP (official exchange rate) country ranks ]
1.1% (2008 est.)
country comparison to the world: 181
[see also: GDP - real growth rate country ranks ]
$43,800 (2004 est.)
country comparison to the world: 13
[see also: GDP - per capita country ranks ]
agriculture: 0.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 50.4%
[see also: GDP - composition by sector - industry country ranks ]
services: 49.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
39,000
country comparison to the world: 196
note: nearly 55% are non-nationals (2007)
[see also: Labor force country ranks ]
agriculture: 1.9%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 19.1%
[see also: Labor force - by occupation - industry country ranks ]
services: 79% (2008 est.)
[see also: Labor force - by occupation - services country ranks ]
4% (2008)
country comparison to the world: 35
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
25.1% of GDP (2011 est.)
country comparison to the world: 65
[see also: Investment (gross fixed) country ranks ]
revenues: $503.4 million
[see also: Budget revenues country ranks ]
expenditures: $674.7 million (2011 est.)
[see also: Budget expenditures country ranks ]
22.4% of GDP (2011 est.)
country comparison to the world: 137
[see also: Taxes and other revenues country ranks ]
-7.6% of GDP (2011 est.)
country comparison to the world: 182
[see also: Budget surplus (+) or deficit (-) country ranks ]
3.4% (2011 est.)
country comparison to the world: 73
[see also: Inflation rate (consumer prices) country ranks ]
14.5% (31 December 2011 est.)
country comparison to the world: 53
[see also: Commercial bank prime lending rate country ranks ]
$334.3 million (31 December 2008)
country comparison to the world: 172
[see also: Stock of narrow money country ranks ]
$5.564 billion (31 December 2008 est.)
country comparison to the world: 126
[see also: Stock of broad money country ranks ]
$NA (31 December 2008)
country comparison to the world: 115
[see also: Market value of publicly traded shares country ranks ]
vegetables, fruit; livestock; turtle farming
tourism, banking, insurance and finance, construction, construction materials, furniture
NA%
[see also: Industrial production growth rate country ranks ]
597.4 million kWh (2009 est.)
country comparison to the world: 156
[see also: Electricity - production country ranks ]
537.5 million kWh (2008 est.)
country comparison to the world: 163
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 160
[see also: Oil - production country ranks ]
3,000 bbl/day (2010 est.)
country comparison to the world: 181
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 160
[see also: Oil - exports country ranks ]
3,700 bbl/day (2009 est.)
country comparison to the world: 169
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 167
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 164
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 78
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 172
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 122
[see also: Natural gas - proved reserves country ranks ]
-$384.5 million (2010 est.)
country comparison to the world: 100
[see also: Current account balance country ranks ]
$17 million (2010 est.)
country comparison to the world: 209
[see also: Exports country ranks ]
turtle products, manufactured consumer goods
$795 million (2010 est.)
country comparison to the world: 182
[see also: Imports country ranks ]
foodstuffs, manufactured goods, fuels
$70 million (1996)
country comparison to the world: 189
[see also: Debt - external country ranks ]
$NA
[see also: Stock of direct foreign investment - at home country ranks ]
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]
Caymanian dollars (KYD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
Flags
This page was last modified 07-Mar-12