The main industries are financial services, tourism, and real estate sales and development. Service industries, such as construction, hotel and restaurant operations, retail trades, and scuba diving and boat rentals are ancillary to the main industries. The Cayman Islands Government has never depended on the British Government for its recurrent budget, and all aid for capital projects has ceased for over 20 years.
Cayman’s 2009 Constitution sets a limit (a certain percentage of government revenue) on the amount of money that Government might borrow. Flexibility is given in urgent or extremely important matters, a facility that Government asked for and the UK’s Foreign and Commonwealth Office granted in 2010.
Last Updated: 2011-02-25