Cayman’s Facts, Figures, Units of Measurement & Currency
The following statistics and information provide a quick snap-shot of the most important facts and figures about the Cayman Islands. Also, read on to find details on Cayman's currency along with a description of what units of measurement are used on-island.
Most of the information found on the following pages has been sourced from the Cayman Islands’ Economics and Statistics Office (Tel: (345) 949 0940), the national statistics office of the Cayman Islands that advises the Government on all matters relating to the collection and dissemination of statistics.
Unemployment Rate: 2.8%
Total Work Permits: 26,657
Total Labour Force: 46,178
Total # Central Government Employees: 3,938
Average Inflation Rate: 3.3%
Total Imports: CI$1,058.6 million
Bank & Trust Licences: 133
Captive Insurance Licences: 703
Total Mutual Funds: 10,992
New Company Registrations:16,326
Doctors per 1,000 population: 3.7
Visitor Air Arrivals: 463,001 passengers
Cruise Ship Arrivals: 1,921,057 passengers
Over 135 different nationalities are represented in Cayman. The majority of the population is Caymanian, followed by Jamaican, British, American, Canadian, Filipino and a mix of Latin American. However, there is also a strong and close-knit German, Brazilian and French community and they are very welcoming to newcomers.
The legal tender of the Cayman Islands is the Cayman Islands dollar (denoted CI$) and the sole issuing authority is the Cayman Islands Monetary Authority (CIMA). However, the United States Dollar, with a fixed rate of exchange, is widely used in local finance and commerce.
The Cayman Islands Dollar (CI$) is tied to the US Dollar and does not fluctuate. The exchange rate is CI$1 = US$1.20. The cash exchange rate is CI$1 = US$1.25 which means that US$20 cash is worth CI$16 or US$5 is worth CI$4. US Dollars are accepted everywhere as are travellers cheques. Credit and debit cards are widely accepted and there are numerous ATMs throughout Grand Cayman. Currency denominations are as follows: CI$1, 5, 10, 25, 50 and 100 dollar bills.