Caymans damage from hurricanes the most expensive

14th Dec 2004

Cayman’s damage from Ivan is greater than the total hurricane season damage this year to Grenada, Jamaica, the Dominican Republic and the Bahamas combined. The total amount of damage and loss is equivalent to almost two years of Cayman’s GDP.A per resident estimate stands at CI$75,700, the highest ever encountered by The Economic Commission for Latin America and the Caribbean (ECLAC).
The total impact to the productive sector equaled CI$931.4 million, or 33% of the total impact. The two most impacted sub sectors being Commerce and Tourism. Commerce suffered an impact of CI$448.3 million and tourism experienced a total impact of CI$462.4 million.


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation