High Standard of Living in the Cayman Islands

The GDP in Cayman is US$43,800 (2008) and the total GDP is US$2.25 billion (2008). Caymanians have the highest standard of living in the Caribbean.

Visitors to the Cayman Islands will not find garbage burning in the street, nor will they see street or beach vendors pestering tourists to buy their wares. Unlike other Caribbean destinations there are no vendors badgering visitors to braid hair or panhandlers begging for money. You can wear your Rolex or diamonds while out shopping or to the restaurant in the evening and not feel afraid that someone will harass you. The Cayman Islands GDP per capital is the 14th highest in the world, making it unlike many of the Caribbean islands that surround the Cayman Islands.

The Cayman Islands has its own currency called the Cayman Island Dollar or (KYD), which is tied to the US dollar at a fixed rate. It takes US$1.25 to buy a KYD$1.00 dollar. However, the US dollar is widely accepted around the Cayman Islands.

 

Key contacts

Ann Baxter

Ann Baxter

Office Manager

Savills Cayman Islands

+1 345 640 6400