Facts and Figures of the Cayman Islands

Composition

Grand Cayman, Cayman Brac and Little Cayman

Location

• Capital: George Town, in southwest Grand Cayman
• Grand Cayman – Western Caribbean, about 150 miles south of Cuba, 480 miles southwest of Miami, 180 miles northwest of Jamaica
• Cayman Brac – 89 miles northeast of Grand Cayman
• Little Cayman – 5 miles west of Cayman Brac

Size

• Total Area: 101sq miles
• Grand Cayman – area: 76sq miles; length: 22 miles; average width: 4 miles; highest point: about 60ft above sea level
• Cayman Brac – area: 15sq miles; length: 12 miles; average width: 1.5 miles; highest point: The Bluff – 140ft above sea level
• Little Cayman – area: 10sq miles; length: 10 miles; average width: just over 1 mile; highest point: 40ft above sea level

Population

According to the Spring 2024 Labour Force Survey, as of June 2024, the estimated population of the Cayman Islands has risen to 87,866. The number of Caymanians rose by just 2.5% to 39,897, while the number of permanent residents grew to 7,822 from 6,433 in the spring of 2023. The non-Caymanian population is now estimated to be more than 40,000, a 4.8% increase from last year.

Cayman’s rapidly growing population is not a result of a growing birth rate but an increase in migrant workers. According to the Spring 2024 Labour Force Survey, more than 53% of the workforce (33,573 people) are expatriates. The overall population is made up of 44,936 men (up by 6.3% since last spring) and 42,930 women (up by 3.7%) — another sign that foreign workers are boosting the population.

Total: 87,866 (Estimated in June 2024)

For more information see the ESO website and Cayman News Services article for a summery of the statistics.

National Income (2023):

• GDP per capita: $71,106
• Real GDP: CI$5,949 million

Other Statistics (2023)

• Unemployment Rate: 3.3%
• Employed Labour Force: 60,513
  - Caymanians: 22,706
  - Permanent Residents: 5,341
  - Non-Caymanians: 32,466
  
• Total Work Permits: 37,334 (July 2024)
• Imports: CI$1,526.6 million
• Bank & Trust Licences: 84 (Q3 2024)
• Mutual Funds: 12,963 (Q3 2024)
• Company Registrations: 121,404 (Q3 2024)
  
• Visitor Air Arrivals: 429,284
• Cruise Ship Arrivals: 1,270,981

Main Industries

Financial Services, Construction, Healthcare and Tourism

Political Status

Overseas Territory of the United Kingdom (i.e. British dependency)

Nationalities

Over 137 different nationalities are represented in Cayman including Caymanian, Jamaican, British, Irish, Scottish, American, Canadian, Filipino, Indian and South American. There are also a lot of Australians and Kiwis, South Africans and French.