Austrian Economics Wiki
Country summary


George Town (on Grand Cayman)



Government type

parliamentary democracy



Population growth

2.394% (2010 est.)[1]

Life expectancy

80.44 years[1]


4% (2008)[1]

The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies. When the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency.[1]

Economical characteristics[]

  • Currency: Cayman Islands dollar (ISO code: KYD)
  • Central bank discount rate: [1]
  • Commercial banks lending rate: [1]
  • Stock of money (M1): $334.3 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $5.23 billion (31 December 2008)[1]


Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (USD)[2]
Govt. debt (% of GDP)[3]
Govt. revenue (% of GDP)[4]
Govt. expenses (% of GDP)[5]
Debt to revenue (years)


Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Cayman Islands", from The World Facebook. Referenced 2010-09-30.
  2. World Bank. "Cayman Islands: GDP", from World Bank Data. Referenced 2010-09-30.
  3. World Bank. "Cayman Islands: government debt", from World Bank Data. Referenced 2010-09-30.
  4. World Bank. "Cayman Islands: government revenue", from World Bank Data. Referenced 2010-09-30.
  5. World Bank. "Cayman Islands: government expenses", from World Bank Data. Referenced 2010-09-30.

External links[]