Cayman Economy Healthy

Financial Secretary Kenneth Johnson revealed a pretty impressive set of economic statistics for 2005 today.

The unemployment rate fell to 3.5% from 4.4% the previous year, despite an 18% increase in population to 52,466. Per capital income rose to $39,801 (2004 – $38,173) while GDP growth stood at 6.5% (2004 – 0.9%).

Cruise visitors rose slightly to 1.8 million, although the number of visitors arriving by air dropped by around 35% to just fewer than 170,000.