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CaymanIsl.com
CaymanIsl.Net
CaymanIsl.info




Cayman Islands is a Country and a very popular tourist destination and financial centre

excerpt from Cia World Fact book

With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1998, including almost 600 banks and trust companies; banking assets exceed $500 billion. 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 1.2 million in 1997, with 600,000 from the US. 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.

Following excerpt from The Columbia Electronic Encyclopedia

Cayman Islands , British dependency (1995 est. pop. 33,000), 100 sq mi (259 sq km), comprising three islands in the West Indies. George Town, the capital and chief port, is on Grand Cayman; the other islands are Little Cayman and Cayman Brac. There are eight administrative districts. The largely Christian, English-speaking population is about 40% of mixed European and African ancestry, 20% white, and 20% black. Finance and tourism are the economic mainstays of the Cayman Islands. The islands have prospered as an international offshore banking center, rivaling even Switzerland, and since the 1970s, the luxury tourist industry has also become an economic mainstay. Almost all goods are imported, primarily from the United States. The islands were sighted by Christopher Columbus in 1503, but were colonized by the British beginning in the 1800s. Administered from Jamaica after 1863, they became a separate British crown colony when Jamaica became independent in 1962.


The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2003, Columbia University Press

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