Agriculture > products
vegetables, fruit; livestock, turtle farming |
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Budget > Expenditures
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$392,600,000.00 |
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[17th of 165]
|
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Source: CIA World Factbook, 28 July 2005 |
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Budget > Revenues
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$423,800,000.00 |
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[16th of 166]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Debt > External
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$70,000,000.00 |
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[5th of 136]
|
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > 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 5,000 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. |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993) |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$2,520,000.00 |
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[57th of 189]
|
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Source: CIA World Factbook, 28 July 2005 |
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Exports to US
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$3,200,000.00 |
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[154th of 224]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
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$1,270,000,000.00 |
|
[160th of 203]
|
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Source: US Census Bureau |
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GDP (purchasing power parity)
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$1,939,000,000.00 |
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[5th of 187]
|
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Source: World Development Indicators database and CIA World Factbook |
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GDP > Real growth rate
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0.9% |
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[11th of 198]
|
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP growth > annual %
|
5.31 annual %
|
|
[53rd of 187]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Imports
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$866,900,000.00 |
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[25th of 185]
|
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Source: World Development Indicators database |
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Inflation rate (consumer prices)
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4.4% |
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[5th of 192]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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International tourism, number of arrivals
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168,000
|
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[114th of 190]
|
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Stock exchange
Cayman Islands Stock Exchange |
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Source: World Development Indicators database |
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Tourist arrivals by region of origin > Africa
|
325 |
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[118th of 142]
|
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Source: Global Edge |
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Tourist arrivals by region of origin > Europe
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13,221 |
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[153rd of 195]
|
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Source: Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization |
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Tourist arrivals by region of origin > Southern Asia
|
97 |
|
[90th of 102]
|
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Source: Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization |
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Trade balance with US
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$67,400,000.00 |
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[20th of 224]
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Source: Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization |
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