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Cayman Islands
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Town
Geography
The Cayman Islands comprise Grand Cayman, Cayman Brac and Little Cayman.
The islands are located about 290 kilometers northwest of Jamaica and
the total land area is 264 sq. kilometers. These islands are low-lying
for the most part, although Cayman Brac has a central limestone bluff
and the coasts are reefed and rocky. Georgetown is the capital, located
on Gran Cayman Island.
History
Although the Cayman Islands were first sighted by the Spaniards in 1503
they were never colonized but only visited by Spanish, English and French
ships. In 1670 they were ceded to the British and settlers mostly from
Jamaica began arriving on the islands which became a favorite haunt
of pirates and buccaneers. The early settlers were mainly interested
in turtle fishing and also developed a reputation as ship builders.
The "remote" location of the islands hampered development
until the 1940's when they became more easily accessible through air
transportation.
Economy
The Cayman Islands has a thriving offshore financial center and is a
popular tourist mecca. Offshore insurance companies, banks and other
companies registered in the Cayman Islands contribute annually some
46.6 million in local currency to the economy in licenses and company
registration fees. Tourism accounts for 20% of GDP and 75% of hard currency
earnings, employing at least 50% of the labor force. The country's principal
export is seafood which is transshipped from other countries. Shipping
registry and agriculture are two developing industries.
People & Culture
About 25% of Cayman Islanders are Europeans, mostly of British extraction.
Another 25% are descendants of African slaves and the remainder are
of mixed ancestry. The main spoken and official language is English
which occurs in a variety of dialects. Spanish is frequently used. Major
religious groups are Presbyterians, who are found mostly on Grand Cayman
and Baptists mostly located on Cayman Brac.
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