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.

Composition

The Cayman Islands consist of three islands: Grand Cayman, Cayman Brac and Little Cayman

Location

Grand Cayman – Western Caribbean, about 150 miles  south of Cuba, 480 miles southwest of Miami, 180 miles northwest of Jamaica
.
Cayman Brac – 89 miles northeast of Grand Cayman

Little Cayman – 5 miles west of Cayman Brac

Capital

George Town, in southwest Grand Cayman

Size

Total Area – 101sq miles
Grand Cayman – area: 76sq miles; length: 22 miles; average width: 
4 miles; highest point: about 60ft above sea level
Cayman Brac – area: 15sq miles; length: 12 miles; average width: 1.5 miles; highest point: The Bluff – 140ft above sea level
Little Cayman – area: 10sq miles; length: 10 miles; average width: just over 1 mile; highest point: 40ft above sea level

Population (2018)

65,813 of which 36,705 are Caymanian (Q4 2018)

National Income (2018)

GDP per capita: CI$49,227/US$59,087
Real GDP: CI$2,786.8 million
Total Government Revenue: CI$639.0 million
Total Government Expenditure: CI$468.9 million
Core Government Debt: CI$428.9 million

Other Statistics (2018)

Life Expectancy: 82.3 years
Infant Mortality rate (per 1,000 live births): 4.2
Unemployment Rate: 2.8%
Total Work Permits: 25,598
Total Labour Force: 46,178
Total # Central Government Employees: 3,893
Average Inflation Rate:  3.3%
Total Imports: CI$758.13 million
Bank & Trust Licences: 146
Captive Insurance Licences: 727
Total Mutual Funds: 10,889
New Company Registrations:12,941 (Jan-Sept)
Doctors per 1,000 population: 3.7
Visitor Air Arrivals: 463,001 passengers
Cruise Ship Arrivals: 1,921,057 passengers

Main Industries

Tourism, Financial Services and Construction

Political Status

Overseas Territory of the United Kingdom (i.e. British dependency)

Nationalities

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.

Official Language

The official language of the Cayman Islands is English, however, since we are a melting pot of 135 different nationalities you are just as likely to hear Tagalog, Tamil, Spanish and Portuguese as English being spoken.

Cayman Currency

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.

Weights, Measures & Temperature

Cayman uses the US system of miles for distances and mph for speed, inches for length and pounds for measuring weight. For temperature we use Fahrenheit (°F) and not Centigrade (°C). Petrol is sold by the Imperial gallon if bought from a gas station, however, marine and mobile fuel providers dispense fuel in US gallons which is approximately 20% less per volume than imperial gallons. Make sure you are being charged appropriately!