Cayman Islands - KY - CYM - CAY - Central America and the Caribbean

Last updated: March 20, 2024
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Cayman Islands Factbook Data

Dependency status

overseas territory of the UK

Diplomatic representation from the US

embassy: none (overseas territory of the UK); consular services provided through the US Embassy in Jamaica

Age structure

0-14 years: 17.48% (male 5,761/female 5,684)

15-64 years: 66.48% (male 21,271/female 22,261)

65 years and over: 16.04% (2023 est.) (male 4,792/female 5,714)
2023 population pyramid
This is the population pyramid for the Cayman Islands. A population pyramid illustrates the age and sex structure of a country's population and may provide insights about political and social stability, as well as economic development. The population is distributed along the horizontal axis, with males shown on the left and females on the right. The male and female populations are broken down into 5-year age groups represented as horizontal bars along the vertical axis, with the youngest age groups at the bottom and the oldest at the top. The shape of the population pyramid gradually evolves over time based on fertility, mortality, and international migration trends.

For additional information, please see the entry for Population pyramid on the Definitions and Notes page.

Geographic coordinates

19 30 N, 80 30 W

Sex ratio

at birth: 1.02 male(s)/female

0-14 years: 1.01 male(s)/female

15-64 years: 0.96 male(s)/female

65 years and over: 0.84 male(s)/female

total population: 0.95 male(s)/female (2023 est.)

Natural hazards

hurricanes (July to November)

Area - comparative

1.5 times the size of Washington, DC

Background

The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies. When the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency. The territory has transformed itself into a significant offshore financial center.

Environment - current issues

no natural freshwater resources; drinking water supplies are met by reverse osmosis desalination plants and rainwater catchment; trash washing up on the beaches or being deposited there by residents; no recycling or waste treatment facilities; deforestation (trees being cut down to create space for commercial use)

Population below poverty line

NA

Household income or consumption by percentage share

lowest 10%: NA

highest 10%: NA

Exports - commodities

recreational boats, aircraft, ships, gold, refined petroleum, natural gas (2021)

Administrative divisions

6 districts; Bodden Town, Cayman Brac and Little Cayman, East End, George Town, North Side, West Bay

Agricultural products

vegetables, fruit; livestock; turtle farming

Military and security forces

no regular military forces; Royal Cayman Islands Police Service

Budget

revenues: $874.5 million (2017 est.)

expenditures: $766.6 million (2017 est.)

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)

etymology: named after English King GEORGE III (1738-1820)

Imports - commodities

recreational boats, ships, gold, refined petroleum, cars (2019)

Climate

tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April)

Coastline

160 km

Constitution

history: several previous; latest approved 10 June 2009, entered into force 6 November 2009 (The Cayman Islands Constitution Order 2009)

amendments: amended 2016, 2020

Exchange rates

Caymanian dollars (KYD) per US dollar -

Exchange rates:
0.833 (2021 est.)
0.833 (2020 est.)
0.833 (2019 est.)
0.833 (2018 est.)
0.833 (2017 est.)

Executive branch

chief of state: King CHARLES III (since 8 September 2022); represented by Governor Jane OWEN (since 21 April 2023)

head of government: Premier Juliana O'CONNOR-CONNOLLY (since 15 November 2023)

cabinet: Cabinet selected from the Parliament and appointed by the governor on the advice of the premier

elections/appointments: the monarchy is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or majority coalition appointed premier by the governor

Fiscal year

1 April - 31 March

Flag description

a blue field with the flag of the UK in the upper hoist-side quadrant and the Caymanian coat of arms centered on the outer half of the flag; the coat of arms includes a crest with a pineapple, representing the connection with Jamaica, and a turtle, representing Cayman's seafaring tradition, above a shield bearing a golden lion, symbolizing Great Britain, below which are three green stars (representing the three islands) surmounting white and blue wavy lines representing the sea; a scroll below the shield bears the motto HE HATH FOUNDED IT UPON THE SEAS

Illicit drugs

major offshore financial center vulnerable to drug trafficking money laundering

 


Independence

none (overseas territory of the UK)

Industries

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

Judicial branch

highest court(s): Court of Appeal (consists of the court president and at least 2 judges); Grand Court (consists of the court president and at least 2 judges); note - appeals beyond the Court of Appeal are heard by the Judicial Committee of the Privy Council (in London)

judge selection and term of office: Court of Appeal and Grand Court judges appointed by the governor on the advice of the Judicial and Legal Services Commission, an 8-member independent body consisting of governor appointees, Court of Appeal president, and attorneys; Court of Appeal judges' tenure based on their individual instruments of appointment; Grand Court judges normally appointed until retirement at age 65 but can be extended until age 70

subordinate courts: Summary Court

Land boundaries

total: 0 km

Land use

agricultural land: 11.2% (2018 est.)

arable land: 0.8% (2018 est.)

permanent crops: 2.1% (2018 est.)

permanent pasture: 8.3% (2018 est.)

forest: 52.9% (2018 est.)

other: 35.9% (2018 est.)

Legal system

English common law and local statutes

Legislative branch

description: unicameral Parliament (21 seats; 19 members directly elected by majority vote and 2 ex-officio members - the deputy governor and attorney general - appointed by the governor; members serve 4-year terms)

elections: last held on 14 April 2021 (next to be held in 2025)

election results: percent of vote by party - independent 79.1%, PPM 19.6%; elected seats by party - independent 12, PPM 7; ex-officio members 2; composition as of April 2023 - men 16, women 5, percent of women 23.8%

Literacy

total population: 98.9% NA

male: 98.7% NA

female: 99% (2021) NA

Maritime claims

territorial sea: 12 nm

exclusive economic zone: 200 nm

exclusive fishing zone: 200 nm

International organization participation

Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU

National holiday

Constitution Day, the first Monday in July (1959)

Nationality

noun: Caymanian(s)

adjective: Caymanian

Natural resources

fish, climate and beaches that foster tourism

Geography - note

important location between Cuba and Central America

Economic overview

dominant offshore banking territory; services sector accounts for over 85% of economic activity; recently adopted a fiscal responsibility framework to combat tax evasion and money laundering; large tourism sector; does not have any welfare system; high standard of living

Political parties and leaders

Cayman Islands Peoples Party or CIPP [Ezzard MILLER]
People's Progressive Movement or PPM [Roy McTAGGART]

Ports and terminals

major seaport(s): Cayman Brac, George Town

cruise port(s): George Town, Grand Cayman

Suffrage

18 years of age; universal

Telecommunication systems

general assessment: the telecom sector has seen a decline in subscriber numbers (particularly for prepaid mobile services the mainstay of short term visitors) and revenue; fixed and mobile broadband services are two areas that have benefited from the crisis as employees and students have resorted to working from home; one area of the telecom market that is not prepared for growth is 5G mobile; governments, regulators, and even the mobile network operators have shown that they have not been investing in 5G opportunities at the present time; network expansion and enhancements remain concentrated around improving LTE coverage (2021)

domestic: 53 per 100 fixed-line and 150 per 100 mobile-cellular (2021)

international: country code - 1-345; landing points for the Maya-1, Deep Blue Cable, and the Cayman-Jamaica Fiber System submarine cables that provide links to the US and parts of Central and South America; satellite earth station - 1 Intelsat (Atlantic Ocean) (2019)

Terrain

low-lying limestone base surrounded by coral reefs

Government type

parliamentary democracy; self-governing overseas territory of the UK

Military - note

defense is the responsibility of the UK

Country name

conventional long form: none

conventional short form: Cayman Islands

etymology: the islands' name comes from the native Carib word "caiman," describing the marine crocodiles living there

Location

Caribbean, three-island group (Grand Cayman, Cayman Brac, Little Cayman) in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica

Map references

Central America and the Caribbean

Irrigated land

NA

Diplomatic representation in the US

none (overseas territory of the UK)

Internet country code

.ky

GDP (official exchange rate)

$2.25 billion (2008 est.)

Credit ratings

Moody's rating: Aa3 (1997)

note: The year refers to the year in which the current credit rating was first obtained.

Urbanization

urban population: 100% of total population (2023)

rate of urbanization: 1.13% annual rate of change (2020-25 est.)

Broadcast media

4 TV stations; cable and satellite subscription services offer a variety of international programming; government-owned Radio Cayman operates 2 networks broadcasting on 5 stations; 10 privately owned radio stations operate alongside Radio Cayman

Drinking water source

improved: urban: 97.4% of population

total: 97.4% of population

unimproved: urban: 2.6% of population

total: 2.6% of population (2015 est.)

National anthem

name: "Beloved Isle Cayman"

lyrics/music: Leila E. ROSS

note: adopted 1993; served as an unofficial anthem since 1930; as an overseas territory of the United Kingdom, in addition to the local anthem, "God Save the King" is official (see United Kingdom)

Major urban areas - population

35,000 GEORGE TOWN (capital) (2018)

National symbol(s)

green sea turtle

GDP - composition, by end use

household consumption: 62.3% (2017 est.)

government consumption: 14.5% (2017 est.)

investment in fixed capital: 22.1% (2017 est.)

investment in inventories: 0.1% (2017 est.)

exports of goods and services: 65.4% (2017 est.)

imports of goods and services: -64.2% (2017 est.)

Citizenship

see United Kingdom

Population distribution

majority of the population resides on Grand Cayman

Electricity access

electrification - total population: 100% (2021)

National air transport system

number of registered air carriers: 1 (2020)

inventory of registered aircraft operated by air carriers: 6

Civil aircraft registration country code prefix

VP-C

Sanitation facility access

improved: urban: 95.6% of population

total: 95.6% of population

unimproved: urban: 4.4% of population

total: 4.4% of population (2015 est.)

Ethnic groups

Cayman Islander 35.4%, Jamaican 24.8%, Filipino 5.5%, British 5.3%, American 5.2%, Honduran 4.2%, Canadian 3.3%, Indian 2.1%, Cuban 1.6%, Nicaraguan 1%, other 11.1%, unspecified 0.5% (2021 est.)

note: data represent population by country of birth

Religions

Protestant 60.8% (includes Church of God 19.5%, Seventh Day Adventist 8.7%, non-denominational 8.3%, Baptist 6.9%, Pentecostal 6.8%, Presbyterian/United Church 5.7%, Anglican 2.8%, Wesleyan Holiness 1.5%, Methodist 0.5%), Roman Catholic 13.6%, Hindu 1.7%, Jehovah's Witness 0.9%, other 4.8%, none 16.7%, unspecified 1.4% (2021 est.)

Languages

English (official) 88.8%, Spanish 3.9%, Filipino 3.8%, other 2.8%, unspecified 0.7% (2021 est.)

note:  data represent main language spoken at home

Disputes - international

none identified


Elevation

highest point: 1 km SW of The Bluff on Cayman Brac 50 m

lowest point: Caribbean Sea 0 m

Physicians density

NA

Contraceptive prevalence rate

NA

Current health expenditure

NA

Dependency ratios

total dependency ratio: 32.6

youth dependency ratio: 22.3

elderly dependency ratio: 10.4

potential support ratio: 9.6 (2021)

Imports - partners

Netherlands 56%, United States 18%, Italy 8%, Switzerland 5% (2019)

Exports - partners

Netherlands 82%, Spain 11% (2019)

Waste and recycling

municipal solid waste generated annually: 60,000 tons (2014 est.)

municipal solid waste recycled annually: 12,600 tons (2013 est.)

percent of municipal solid waste recycled: 21% (2013 est.)

Air pollutants

carbon dioxide emissions: 0.55 megatons (2016 est.)

Heliports

5 (2024)

Coal

production: 0 metric tons (2020 est.)

consumption: 0 metric tons (2020 est.)

exports: 0 metric tons (2020 est.)

imports: 0 metric tons (2020 est.)

proven reserves: 0 metric tons (2019 est.)

Electricity generation sources

fossil fuels: 97.6% of total installed capacity (2020 est.)

nuclear: 0% of total installed capacity (2020 est.)

solar: 2.4% of total installed capacity (2020 est.)

wind: 0% of total installed capacity (2020 est.)

hydroelectricity: 0% of total installed capacity (2020 est.)

tide and wave: 0% of total installed capacity (2020 est.)

geothermal: 0% of total installed capacity (2020 est.)

biomass and waste: 0% of total installed capacity (2020 est.)

Natural gas

production: 0 cubic meters (2021 est.)

consumption: 0 cubic meters (2021 est.)

exports: 0 cubic meters (2021 est.)

imports: 0 cubic meters (2021 est.)

proven reserves: 0 cubic meters (2021 est.)

Petroleum

total petroleum production: 0 bbl/day (2021 est.)

refined petroleum consumption: 5,500 bbl/day (2019 est.)

crude oil and lease condensate exports: 0 bbl/day (2018 est.)

crude oil and lease condensate imports: 0 bbl/day (2018 est.)

crude oil estimated reserves: 0 barrels (2021 est.)

Gross reproduction rate

0.9 (2023 est.)

Currently married women (ages 15-49)

51.4% (2023 est.)

Remittances

0.16% of GDP (2020 est.)
0.24% of GDP (2019 est.)
0.26% of GDP (2018 est.)

Labor force

39,000 (2007 est.)

note: nearly 55% are non-nationals

Youth unemployment rate (ages 15-24)

total: 13.8% (2015 est.)

male: 16.4%

female: 11.4%

Net migration rate

12.3 migrant(s)/1,000 population (2023 est.)

note: major destination for Cubans trying to migrate to the US

Median age

total: 41 years (2023 est.)

male: 40.2 years

female: 41.8 years

Reserves of foreign exchange and gold

$216.8 million (31 December 2020 est.)
$183.5 million (31 December 2019 est.)
$162.074 million (31 December 2018 est.)

Refined petroleum products - imports

4,285 bbl/day (2015 est.)

Total fertility rate

1.82 children born/woman (2023 est.)

Unemployment rate

4% (2008)
4.4% (2004)

Population

65,483 (2023 est.)

note: most of the population lives on Grand Cayman

Budget surplus (+) or deficit (-)

4.8% (of GDP) (2017 est.)

Internet users

total: 55,148 (2021 est.)

percent of population: 81.1% (2021 est.)

Carbon dioxide emissions

808,000 metric tonnes of CO2 (2019 est.)

from coal and metallurgical coke: 0 metric tonnes of CO2 (2019 est.)

from petroleum and other liquids: 808,000 metric tonnes of CO2 (2019 est.)

from consumed natural gas: 0 metric tonnes of CO2 (2019 est.)

Area

total: 264 sq km

land: 264 sq km

water: 0 sq km

Taxes and other revenues

38.9% (of GDP) (2017 est.)

Real GDP (purchasing power parity)

$4.599 billion (2021 est.) note: data are in 2017 dollars
$4.516 billion (2020 est.) note: data are in 2017 dollars
$4.788 billion (2019 est.)

Roadways

total: 785 km (2007)

paved: 785 km (2007)

Airports

3 (2024)

Infant mortality rate

total: 7.5 deaths/1,000 live births (2023 est.)

male: 9 deaths/1,000 live births

female: 5.9 deaths/1,000 live births

Telephones - mobile cellular

total subscriptions: 100,000 (2021 est.)

subscriptions per 100 inhabitants: 150 (2021 est.)

Inflation rate (consumer prices)

2% (2017 est.)
-0.6% (2016 est.)

Refined petroleum products - exports

0 bbl/day (2015 est.)

Current account balance

-$763.556 million (2020 est.)
-$646.843 million (2019 est.)
-$927.544 million (2018 est.)

Real GDP per capita

$67,500 (2021 est.) note: data are in 2017 dollars
$67,100 (2020 est.) note: data are in 2017 dollars
$72,400 (2019 est.)

Broadband - fixed subscriptions

total: 3,200 (2020 est.)

subscriptions per 100 inhabitants: 49 (2020 est.)

Energy consumption per capita

175.578 million Btu/person (2019 est.)

Death rate

6.1 deaths/1,000 population (2023 est.)

Birth rate

11.6 births/1,000 population (2023 est.)

Electricity

installed generating capacity: 174,000 kW (2020 est.)

consumption: 655.165 million kWh (2019 est.)

exports: 0 kWh (2020 est.)

imports: 0 kWh (2020 est.)

transmission/distribution losses: 40 million kWh (2019 est.)

Merchant marine

total: 130 (2023)

by type: bulk carrier 29, container ship 3, general cargo 1, oil tanker 20, other 77

Children under the age of 5 years underweight

NA

Imports

$2.507 billion (2020 est.) note: data are in current year dollars
$2.743 billion (2019 est.) note: data are in current year dollars
$2.518 billion (2018 est.)

Exports

$3.652 billion (2020 est.)
$4.205 billion (2019 est.)
$3.959 billion (2018 est.)

note: Data are in current year dollars and do not include illicit exports or re-exports.

Telephones - fixed lines

total subscriptions: 36,000 (2021 est.)

subscriptions per 100 inhabitants: 53 (2021 est.)

Refined petroleum products - production

0 bbl/day (2017 est.)

Life expectancy at birth

total population: 82.3 years (2023 est.)

male: 79.6 years

female: 85 years

Real GDP growth rate

1.84% (2021 est.)
-5.68% (2020 est.)
3.87% (2019 est.)

Industrial production growth rate

-3.36% (2020 est.)

GDP - composition, by sector of origin

agriculture: 0.3% (2017 est.)

industry: 7.4% (2017 est.)

services: 92.3% (2017 est.)

Revenue from forest resources

0% of GDP (2018 est.)

Revenue from coal

0% of GDP (2018 est.)

Education expenditures

2.1% of GDP (2019)

Population growth rate

1.79% (2023 est.)