Judicial branch: Summary Court; Grand Court; Cayman Islands Court of Appeal
Political parties and leaders: there are no formal political parties but
the following loose groupings act as political organizations; National
Team [leader NA]; Democratic Alliance [leader NA]; Team Cayman [leader
NA]; United Democratic Party [leader NA]
Political pressure groups and leaders: NA
International organization participation: Caricom (observer), CDB,
Interpol (subbureau), IOC, UNESCO (associate)
Diplomatic representation in the US: none (overseas territory of the UK)
Diplomatic representation from the US: none (overseas territory of the UK)
Flag description: 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 Cayman Islands
Economy - overview: With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1998, including almost 600 banks and trust companies; banking assets exceed $500 billion. A stock exchange was opened in 1997. 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 1.2 million in 1997, with 600,000 from the US. 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 - $1.18 billion (1999 est.)