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Welcome to your comprehensive guide to the Cayman Islands job market. Finding the right job or candidate requires solid data. We provide the latest statistics on employment, salaries, and economic indicators, empowering you to make informed decisions about your next career step or recruitment strategy in Cayman Islands.
Job Market Overview: Employment Statistics in Cayman Islands
Understanding Cayman Islands's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 65.000 residents |
| Employment Rate | 85% (above OECD average) |
| Unemployment Rate | 4.9% (very competitive market) |
These Cayman Islands employment statistics reveal a tight labor market where skilled professionals are in high demand. The 85% employment rate suggests strong job availability across sectors.
Living & Working in Cayman Islands: Economic Insights
Before relocating or applying for jobs in Cayman Islands, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 4.000,00 USD | 90% of U.S. average (similar) |
| Purchasing Power | 0.9 | moderate compared to U.S. (100) |
With 0.9 purchasing power, salaries in Cayman Islands provide adequate but budget-conscious lifestyles. The average monthly salary of 4.000,00 USD is particularly attractive in the Financial Services sector.
Top Industries & Job Opportunities in CYM
Cayman Islands's thriving job market spans these key sectors:
| Leading Industry | Financial Services (growing at 5% annually) |
| Emerging Sector | Tourism (25% of workforce) |
| Service Sector | Real Estate (60% of GDP) |
| Major Employers | Maples and Calder, Cayman National Bank (hiring year-round) |
Job seekers should focus on Financial Services for the most opportunities, while Tourism offers growth potential. Major companies like Maples and Calder, Cayman National Bank frequently post openings for skilled professionals.
Data Sources & Methodology
The statistical data (Population, Employment, Economic Indicators) used in this guide is compiled from the following authoritative sources:
- Employment & Economic Data: World Bank Indicators
- Cost of Living & Salaries: Numbeo Cost of Living Database
- Proprietary Data: Analysis derived from expert interviews and Cityjobs.info internal salary research.
Disclaimer: Data Volatility Note
We strive to update all statistics and figures annually. However, due to the nature of global economics, data like employment rates, exchange values, and average salaries can change rapidly due to political events, economic shifts, or unforeseen crises. Always verify critical figures with local governmental or financial institutions before making major decisions.
1. What's the employment situation in Cayman Islands?
With a population of 65,000 and an employment rate of 85%, Cayman Islands offers a competitive job market. The unemployment rate currently stands at 4.9%.
2. Which are the top companies in Cayman Islands?
The leading employers in Cayman Islands include Maples and Calder, Cayman National Bank. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Cayman Islands?
The purchasing power ratio in Cayman Islands is 0.9, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Cayman Islands?
Search our listings filtered for Cayman Islands. Focus on industries where Maples and Calder, Cayman National Bank are active, and consider that the 85% employment rate suggests strong competition for positions.
5. What should I know about working in Cayman Islands?
With Maples and Calder, Cayman National Bank as major employers, the job market tends to favor Tourism and Real Estate.
