Flag: blue, with the flag of the UK in the upper hoist-side quadrant and the Caymanian coat of arms on a white disk centered on the outer half of the flag; the coat of arms includes a pineapple and turtle above a shield with three stars (representing the three islands) and a scroll at the bottom bearing the motto HE HATH FOUNDED IT UPON THE SEAS
@Cayman Islands:Economy
Overview: The economy depends heavily on tourism (70% of GDP and 75% of foreign currency earnings) and offshore financial services, with the tourist industry aimed at the luxury market and catering mainly to visitors from North America. 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.
National product: GDP - purchasing power parity - $700 million (1993 est.)
National product real growth rate: 1.4% (1991)
National product per capita: $23,000 (1993 est.)
Inflation rate (consumer prices): 2.5% (1993 est.)
Unemployment rate: 7% (1992)
Budget:
revenues: $141.5 million
expenditures: $160.7 million, including capital expenditures of $NA
(1991)
Exports: $10 million (f.o.b., 1993 est.)
commodities: turtle products, manufactured consumer goods
partners: mostly US