Names: conventional long form: none conventional short form: Cayman Islands
Capital City: George Town (on Grand Cayman)
Population: 45,436 note: most of the population lives on Grand Cayman (July 2006 est.)
GDP Per Capita: $43,800 (2004 est.)
Currency: Caymanian dollar (KYD)
Languages: English
Total Area: total: 262 sq km land: 262 sq km water: 0 sq km 1.5 times the size of Washington, DC
Region: North America
Industries: tourism, banking, insurance and finance, construction, construction materials, furniture
Agriculture: vegetables, fruit; livestock; turtle farming
Resources: fish, climate and beaches that foster tourism
Labor Force:
23,450 (2004)
agriculture: 1.4% industry: 12.6% services: 86% (1995)
Exports:
$2.52 million (2004)
turtle products, manufactured consumer goods
Imports:
$866.9 million (2004)
foodstuffs, manufactured goods
Overview:
With no direct taxation, the islands are a thriving offshore financial center. More than 68,000 companies were registered in the Cayman Islands as of 2003, including almost 500 banks, 800 insurers, and 5000 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 2.1 million in 2003, with about half 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.
In 2007 Missouri exported $576,611 in goods to Cayman Islands. This ranks Cayman Islands 102nd among the 223 international buyers of Missouri goods. Missouri exports to Cayman Islands decreased from the previous year by $487,242 a change of -45.80%. State exports to Cayman Islands have increased over the last 5 years by $129,052 a change of 28.83%. Missouri exports account for .00%. of all 2007 US exports to Cayman Islands.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 447,559 | 1,220,044 | 806,803 | 959,525 | 1,063,853 | 576,611 | |
| 000 - Total All Industries US | 233,656,302 | 309,560,403 | 399,498,745 | 677,554,686 | 631,780,442 | 640,186,355 | |