4 GeoFroggy

CAYMAN ISLANDS

Continent:

Geography

People &
Society

Government

Economy

Energy

Communications

Military &
Security

Transportation

Terrorism

Transnational Issues
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Economy Overview

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.

Agriculture Products

vegetables, fruit; livestock; turtle farming

Industries

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

Industrial Production Growth Rate

0.5% (2015 est.)

Labor Force

39,000

Labor Force by Occupation

Agriculture: 1.9%

Industry: 19.1%

Services: 79% (2008 est.)

Unemployment Rate

4.4% (2004)

Population Below Poverty Line

NA%

Household Income or Consumption by Percentage Share

Lowest 10%: NA%

Highest 10%: NA%

Budget

Revenues: $834.4 million

Expenditures: $734.6 million (2015 est.)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

$334.3 million (31 December 2008)

Stock of Broad Money

Stock of Domestic Credit

Market Value of Publicly Traded Shares

$188.4 million (31 December 2006)

Reserves of Foreign Exchange and Gold

Debt External

Stock of Direct Foreign Investment at Home

$NA

Stock of Direct Foreign Investment Abroad

$NA

Exchange Rates

0.83 (2011 est.)
Year

GDP Official Exchange Rate

  • $2.25 billion 2008 est.

Taxes and Other Revenues

  • 37.1% of GDP (2015 est.)

Budget Surplus or Deficit

  • 4.4% of GDP (2015 est.)

Fiscal Year

  • 1 April - 31 March

GDP Purchasing Power Parity

    $2.435 billion (2012 est.)

GDP Real Growth Rate

    1.6% (2012 est.)

GDP Per Capital

    $43,800 (2004 est.)

Gross National Saving

GDP Composition by end Use

  • Household consumption
    54.8%
  • Government consumption
    13%
  • Investment in fixed capital
    20%
  • Investment in inventories
    0%
  • Exports of goods and services
    49.6%
  • Imports of goods and services
    -37.4% (2015 est.)

GDP Composition by Sector of Origin

  • Agriculture
    0.3%
  • Industry
    7.2%
  • Services
    92.6% (2015 est.)

Inflation Rate Consumer Prices

    1.3% (2014 est.)

Current Account Balance

Exports

    $73.2 million (2014 est.)

Exports Partners

Exports Commodities

    Turtle products, manufactured consumer goods

Imports

    $601.5 million (2014 est.)

Imports Partners

Imports Commodities

    Foodstuffs, manufactured goods, fuels
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