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Cayman Islands Location : Caribbean, island group in Caribbean Sea, nearly one-half of the way from Cuba to Honduras
Capital City : George Town
Curreny : Caymanian dollar (KYD)
Languages Spoken : English
Climate : tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April)
National Holiday : Constitution Day, first Monday in July
Background Information
The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries. Administered by Jamaica from 1863, they remained a British dependency after 1962 when the former became independent.
Geographical Note
important location between Cuba and Central America
Economy
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.
Religions
United Church (Presbyterian and Congregational), Anglican, Baptist, Church of God, other Protestant, Roman Catholic
Ports : Cayman Brac, George Town
International Disputes - Risks to travellers
: none
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Cayman Islands
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