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Location: Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida Geographic coordinates: 24 15 N, 76 00 W Map references: Central America and the Caribbean
Area:
Areacomparative: slightly smaller than Connecticut Land boundaries: 0 km Coastline: 3,542 km
Maritime claims:
Climate: tropical marine; moderated by warm waters of Gulf Stream Terrain: long, flat coral formations with some low rounded hills
Elevation extremes:
Natural resources: salt, aragonite, timber
Land use:
Irrigated land: NA sq km Natural hazards: hurricanes and other tropical storms that cause extensive flood and wind damage Environmentcurrent issues: coral reef decay; solid waste disposal
Environmentinternational agreements:
Geographynote: strategic location adjacent to US and Cuba; extensive island chain
Population: 283,705 (July 1999 est.)
Age structure:
Population growth rate: 1.36% (1999 est.) Birth rate: 20.58 births/1,000 population (1999 est.) Death rate: 5.43 deaths/1,000 population (1999 est.) Net migration rate: -1.55 migrant(s)/1,000 population (1999 est.)
Sex ratio:
Infant mortality rate: 18.38 deaths/1,000 live births (1999 est.)
Life expectancy at birth:
Total fertility rate: 2.31 children born/woman (1999 est.)
Nationality:
Ethnic groups: black 85%, white 15% Religions: Baptist 32%, Anglican 20%, Roman Catholic 19%, Methodist 6%, Church of God 6%, other Protestant 12%, none or unknown 3%, other 2% Languages: English, Creole (among Haitian immigrants)
Literacy:
Country name:
Data code: BF Government type: commonwealth Capital: Nassau Administrative divisions: 21 districts; Acklins and Crooked Islands, Bimini, Cat Island, Exuma, Freeport, Fresh Creek, Governor's Harbour, Green Turtle Cay, Harbour Island, High Rock, Inagua, Kemps Bay, Long Island, Marsh Harbour, Mayaguana, New Providence, Nicholls Town and Berry Islands, Ragged Island, Rock Sound, Sandy Point, San Salvador and Rum Cay Independence: 10 July 1973 (from UK) National holiday: National Day, 10 July (1973) Constitution: 10 July 1973 Legal system: based on English common law Suffrage: 18 years of age; universal
Executive branch:
Legislative branch:
bicameral Parliament consists of the Senate (16-member body appointed by
the governor general upon the advice of the prime minister and the
opposition leader for a five-year term) and the House of Assembly (40
seats; members elected by direct popular vote to serve five-year terms)
Judicial branch: Supreme Court Political parties and leaders: Progressive Liberal Party or PLP [Perry CHRISTIE]; Free National Movement or FNM [Hubert Alexander INGRAHAM] International organization participation: ACP, C, Caricom, CCC, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, NAM, OAS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WTrO (applicant)
Diplomatic representation in the US:
Diplomatic representation from the US:
Flag description: three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side
Economyoverview: The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 60% of GDP and directly or indirectly employs 40% of the archipelago's labor force. Moderate growth in tourism receipts and a boom in construction of new hotels, resorts, and residences led to an increase of the country's GDP by an estimated 4% in 1998. Manufacturing and agriculture together contribute less than 10% of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run will depend heavily on the fortunes of the tourism sector and continued income growth in the US, which accounts for the majority of tourist visitors. GDP: purchasing power parity$5.63 billion (1998 est.) GDPreal growth rate: 4% (1998 est.) GDPper capita: purchasing power parity$20,100 (1998 est.)
GDPcomposition by sector:
Population below poverty line: NA%
Household income or consumption by percentage share:
Inflation rate (consumer prices): 0.4% (1997) Labor force: 148,000 (1996) Labor forceby occupation: government 30%, tourism 40%, business services 10%, agriculture 5% (1995 est.) Unemployment rate: 9% (1998 est.)
Budget:
Industries: tourism, banking, cement, oil refining and transshipment, salt production, rum, aragonite, pharmaceuticals, spiral-welded steel pipe Industrial production growth rate: NA% Electricityproduction: 1 billion kWh (1996)
Electricityproduction by source:
Electricityconsumption: 1 billion kWh (1996) Electricityexports: 0 kWh (1996) Electricityimports: 0 kWh (1996) Agricultureproducts: citrus, vegetables; poultry Exports: $300 million (1998) Exportscommodities: pharmaceuticals, cement, rum, crawfish, refined petroleum products Exportspartners: US 24.5%, EU (excluding UK) 23.9%, UK 12.6%, Singapore 5.6% (1997) Imports: $1.37 billion (1998) Importscommodities: foodstuffs, manufactured goods, crude oil, vehicles, electronics Importspartners: US 34.9%, EU 24.3%, Japan 15.5%, Russia 6.3% (1997) Debtexternal: $381.7 million (1997) Economic aidrecipient: $9.8 million (1995) Currency: 1 Bahamian dollar (B$) = 100 cents Exchange rates: Bahamian dollar (B$) per US$11.000 (fixed rate pegged to the dollar) Fiscal year: 1 July30 June
Telephones: 200,000 (1997 est.)
Telephone system:
Radio broadcast stations: AM 3, FM 4, shortwave 0 (1998) Radios: 200,000 (1993 est.) Television broadcast stations: 1 (1997) Televisions: 60,000 (1993 est.)
Railways: 0 km
Highways:
Ports and harbors: Freeport, Matthew Town, Nassau
Merchant marine:
Airports: 62 (1998 est.)
Airportswith paved runways:
Airportswith unpaved runways:
Military branches: Royal Bahamas Defense Force (Coast Guard only), Royal Bahamas Police Force Military expendituresdollar figure: $20 million (FY95/96) Military expenditurespercent of GDP: NA%
Disputesinternational: none
Illicit drugs:
transshipment point for cocaine and marijuana bound for US and Europe;
banking industry vulnerable to money laundering
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| Home > Caribbean > Bahamas | Tell A Friend Map |