With no direct taxation, the islands are a thriving offshore financial center. More than 65,000 companies were registered in the Cayman Islands as of 2017, including more than 280 banks, 700 insurers, and 10,500 mutual funds. A stock exchange was opened in 1997. Nearly 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy a standard of living comparable to that of Switzerland. 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...
|Nominal Gross Domestic Product||2012||2,776,938,500||2,707,135,200||NCU||Annual|
|Real Gross Domestic Product||1997||568,800,000||NCU||Annual|
|Birth Rate||2015||10.7||12.2||# per Ths. pop.||Annual|
|Death Rate||2014||2.6||3.1||# per Ths. pop.||Annual|