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The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries, and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies, but when the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency.
note: most of the population lives on Grand Cayman (July 2008 est.)
15-64 years: 71.1% (male 17,766/female 18,743)
65 years and over: 9.9% (male 2,401/female 2,692) (2011 est.)
conventional short form: Cayman Islands
1,524 to 2,437 m: 2 (2012)
Economy:With no direct taxation, the islands are a thriving offshore financial centre. More than 68,000 companies were registered in the Cayman Islands as of 2003, including almost 500 banks, 800 insurers, and 5,000 mutual funds. A stock exchange was opened in 1997. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings.
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