Economy of the Cayman Islands


This article is a draft concerning the economy and the Cayman Islands.

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According to the latest estimates of 1990, tourism is the main activity of the Cayman Islands, with an annual income of $ 326 million.

The most developed sector is the tertiary sector. In particular, there is a very large number of banking establishments, because of the fiscal flexibility of the country.

Agriculture and livestock play a secondary role, while sea-related activities are still quite developed.

Since 2002, the government has stepped up the fight against tax evasion, the main measure of which is collaboration on tax evasion with the United States. No serious action will be taken later, especially in the fight against money laundering or the fight against corruption.

Not being an independent sovereign state, this territory is not subject to reports by the UN or other organizations on organized crime. Although no precise figures are available, the Cayman Islands are still considered a privileged financial refuge by criminal organizations and cartels in South America.

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