CAYMAN ISLANDS

Motto: 
He Hath Founded it Upon the Seas
Location:
Caribbean, three-island group (Grand Cayman, Cayman Brac, Little Cayman) in the Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica
 
History:
The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries and were administered by Jamaica from 1863.   In 1959 the islands became a territory within the Federation of the West Indies, but when the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency.
 
Elections:
Last elections held 2013
Next elections due 2017
 
Ruling Party: 
People's Progressive Movement (PPM)
Major Political Parties: 
United Democratic Party (UDP); People's Progressive Movement (PPM)
Head of State: 
His Excellency The Governor Mr Duncan Taylor, CBE
Head of Government:   

The Hon. Alden M. McLaughin,
 Jr, MLA, MBE, JP,
Premier

Date of Birth: 6 September 1961

Marital Status:  Married

Education

1998: Graduated from the University of Liverpool with a Bachelors of Law Degree

Professional/Political Career:

2013: Elected Premier
2011: Sworn in as Leader of the Opposition in the Legislative Assembly
2005-09: Minister of Education, Training, Employment, Youth, Sports and Culture
2000: Elected to the Legislative Assembly
1982: Deputy Clerk of the Court
1981: Joined the Civil Service as Assistant Labour Officer

 

Economic Summary: 
With no direct taxation, the islands are a thriving offshore financial centre. With no direct taxation, the islands are a thriving offshore financial center. Some 83,532 companies were registered in the Cayman Islands as of 2006. As of March 2008, there were 9,681 Mutual Funds, 788 insurers, and 277 banks. A stock exchange was opened in 1997.
 
Tourism is also a mainstay, accounting for about 35 % of GDP but this figure is based on estimates. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 2.0 million by year-end 2008, with some 79.6 of stay-over arrivals coming from the US.
 
About 90% of the islands' food and consumer goods must be imported. Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world.
 
Airports: 
Grand Cayman Airport - Owen Roberts International Airport
Cayman Brac Airport - Gerard Smith Airport
Little Cayman Airport - Edward Bodden Airport
 
Status:
Overseas Territory of the United Kingdom
Capital:
George Town (on Grand Cayman)
Area:
122.23 km2 (75.97 miles2)
Population: 
55,456 (2010)
Currency:
Cayman dollar (KYD)
GDP: $2,034 billion (2006)
GDP Per Capita (at current market prices): 
$39,100 (2006 est.)
Total Exports: 
$19.2 million (2006)
Total Imports:
$887.6 million (2006)
Intra-Regional Exports:
$5.6 million (2006)
Intra-Regional Imports:
Not available
Business Hours:

Commercial: 8:00 a.m. to 5:00 p.m. Monday to Saturday;
Government: 8:00 a.m. to 5:00 p.m. Monday to Friday
 

National Holidays:
New Years Day (01 January); National Heroes Day (Fourth Monday in January); Ash Wednesday, Good Friday,; Easter Monday,; Queens Official Birthday (mid June); Constitution Day (first Monday in July); Remembrance Day (10 November, 2008); Christmas Day (25 December); Boxing Day (26 December)
 
Date of CARICOM Membership: 
15 May 2002
National Anthem: "God Save the Queen"

God save our gracious Queen,
Long live our noble Queen,
God save The Queen.
Send her victorious,
Happy and glorious,
Long to reign over us:
God save The Queen.

O Lord our God, arise,
Scatter our enemies,
And make them fall;
Confound their politics,
Frustrate their knavish tricks;
On thee our hopes we fix:
God save us all.

Thy choicest gifts in store,
On her be pleased to pour,
Long may she reign.
May she defend our laws,
And ever give us cause
To sing with heart and voice,
God save The Queen.

Highest National Award:
Order of Knighthood, bestowed by Her Majesty, the Queen
Favourite Dish:
Turtle Stew
Government website: http://www.gov.ky
 
  November 2009
2011 Caribbean Community (CARICOM) Secretariat. All Rights Reserved. P.O. Box 10827, Georgetown, GUYANA.
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