The Cayman Islands saw a major boost to its population from the 1970s onwards. The 1970s saw 16% increase in population, the 1980s a 77% increase, the 1990s a 55% increase, and the 2000s a 67% increase. This is mainly due to companies registering in the islands to take advantage of the country’s tax haven status. By 2020, it's expected that the population will have grown by a factor of ten since 1950.
The Cayman Islands is one of the 14 British Overseas Territories. This territory is made up of three islands in the Caribbean: Grand Cayman, Little Cayman, and Cayman Brac. The islands take up a total land area of around 102 square miles. With an estimated population of 64,420, the population density is quite low at just over 549 people per square mile. This population also makes the Cayman Islands the second most populous British Overseas Territory, only falling behind Bermuda. Most people live on Grand Cayman. Combined, Cayman Brac and Little Cayman residents make up just under 2,100 people.
The capital of the Cayman Islands is George Town. This city is located on Grand Cayman. It is also the most populous city in the Cayman Islands with over 28,000 inhabitants. George Town is the second most populous city across all of the British Overseas Territories.
There are about 100 different nationalities residing throughout the Cayman Islands. Roughly half are of Caymanian descent. Approximately 60% of the population is comprised of people that are two or more races. Most Caymanians practice some form of Christianity. There are communities of Baptists, Catholics, and Presbyterians, as well as smaller communities of Muslims, Hindus, and Jews.
The Cayman Islands has become known worldwide for offshore financial services. Many international businesses and individuals from all over the world consider the Cayman Islands to be a tax haven. The economy of this territory is also boosted by tourism. Seven Mile Beach, Stringray City, the Observation Tower of Camana Bay, and the East End Light are popular attractions that draw in visitors each year.