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Internet World Stats

Internet World Stats > The Caribbean > Cayman Island



Cayman Islands
Cayman Islands
Internet usage, broadband and telecommunications reports

Internet Usage Statistics:
9,909 Internet users as of December, 2003;
19.7% of the population, according to CIA.



The Cayman Islands are an overseas territory of the United Kingdom in the western Caribbean Sea comprising the islands of Grand Cayman, Cayman Brac, and Little Cayman. It is known as one of the largest tax havens in the world. With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1998, including almost 600 banks and trust companies; banking assets exceed $500 billion.

Latest Population Estimate:
50,348 population for 2007, according to world-gazetteer.

Latest GNI Estimate:
GNI per capita was US$ 33,469 for 2000, according to the World Bank.

Cayman Islands Size (Area):
The Cayman Islands have 151 sq km - Population Density is 24 persons per sq km.

Internet Usage and Population Statistics:

YEAR

Users

Population

% Pen.

GDP p.c.*

Usage Source

2000

919

12,827

39.2 %

US$ 53,735

ITU

2002

3,000

12,827

23.4 %

US$ 58,575

CIA

2006

9,909

48,859

20.3 %

ITU

Note: Per Capita GDP in US dollars, source: United Nations Department of Economic and Social Affairs.

Cayman Islands Official Statistics Page
Cayman Islands Statistics Unit


Search Engines and Directories:
Cayman Islands Search Engines

Cayman Islands Open Directory

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Cayman Islands Profile

Cayman Islands in the Wikipedia
Cayman Islands history, politics, map, geography, economy,
demography, full information and links.


Cayman Islands in the CIA Factbook
Cayman Islands information about the economy, geography, government,
population, communications, military and transnational issues.


BBC Cayman Islands Profile
Up to date resume about country leaders, history, main events,
map, flag, geography, news, politics and media links.

Cayman Islands e-Government Page
Cayman Islands Government portal, with many useful links.




Cayman Islands Telecommunications Reports

Caribbean Telecommunications Market Reports - Anguilla to Bermuda
This report from Paul Budde provides an overview of the telecom markets in Anguilla, Antigua & Barbuda, Aruba, Bahamas, Barbados and Bermuda. It includes information about fixed-line and mobile operators, Internet providers, regulatory background and state of liberalisation.
See summary and table of contents


Caribbean Telecoms Market Overview and Statistics
Almost all Caribbean countries offer a full range of telecom services, despite being characterised by small markets in terms of population. Liberalisation agreements have been reached in most countries. The major mobile players are the incumbent Cable & Wireless and Digicel which, in June 2005, agreed to acquire all the Caribbean operations of Cingular Wireless. The region’s mobile subscriber base is concentrated in the hands of these two major players, with only a few smaller companies edging their way into the newly liberalised markets. This Paul Budde report provides an overview of the Caribbean’s telecom sector accompanied by relevant statistics and a brief profile of the major players.
See report table of contents

Broadband and Consumer E-Commerce in the Cayman Islands - July 2007 Review

American lawmakers and tax policy experts are puting a cautionary and intent eye on the Cayman Islands. One particular piece of proposed legislation is the so-called Stop Tax Haven Abuse Act, which seeks to combat ‘offshore secrecy’ that it claims enables “offshore tax havens to hide $100 billion in US tax revenues”. According to a New York Times article by Lynnley Browning published 1 July, the attention stems from the Islands becoming the ‘corporate home’ to three quarters of global hedge funds - funds which, it reports, are being used by US individuals and institutions to avoid tax responsibilities.

From what is known of the US Inland Revenue Service, it is an institution not to be trifled with and the Cayman government may find itself embroiled in a battle between this Federal agency and the American fund managers who choose to set up shop in the Islands.

The Cayman government has long sought to combat the perception held by many Americans that doing business in Cayman could put them in an unfavourable and dubious light. In the past, the Islands’ tax regime had been used by unscrupulous individuals to launder money and engage in other questionable fiscal practices.

Being fingered in the Enron debacle did not serve to help matters either. Nowadays, a source in the article claimed, bogus hedge funds are being set up on the Islands as part of a larger tax-evasion gimmick. This places the local laws regarding hedge funds and the impact of such laws on US tax policy under greater scrutiny.






Keep tuned to the Internet Stats Blog. New statistics, figures and updates become available all the time.

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