Judicial branch: Grand Court; Cayman Islands Court of Appeal
Political parties and leaders: no formal political parties
International organization participation: Caricom (observer), CDB,
Interpol (subbureau), IOC
Diplomatic representation in US: none (dependent territory of the
UK)
US diplomatic representation: none (dependent territory of the UK)
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
Economy ———-
Economic overview: With no direct taxation, the Islands are a thriving offshore financial center. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded one million visitors in 1995 for the first time. 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.
GDP: purchasing power parity - $750 million (1994 est.)
GDP real growth rate: 4.5% (1994 est.)