top of pageBackground: Lucayan Indians inhabited the islands when Christopher Columbus first set foot in the New World on San Salvador in 1492. British settlement of the islands began in 1647; the islands became a colony in 1783. Since attaining independence from the UK in 1973 The Bahamas have prospered through tourism and international banking and investment management. Because of its geography the country is a major transshipment point for illegal drugs particularly shipments to the US and its territory is used for smuggling illegal migrants into the US.
Climate: tropical marine; moderated by warm waters of Gulf Stream
Terrain: long flat coral formations with some low rounded hills
Natural hazards: hurricanes and other tropical storms cause extensive flood and wind damage
GeographyNote: strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited
top of pagePopulationNote: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2006 est.)
Growth rate: 0.64% (2006 est.)
Below poverty line: 9.3% (2004)
Languages: English (official) Creole (among Haitian immigrants)
Religions: Baptist 35.4% Anglican 15.1% Roman Catholic 13.5% Pentecostal 8.1% Church of God 4.8% Methodist 4.2% other Christian 15.2% none or unspecified 2.9% other 0.8% (2000 census)
Birth rate: 17.57 births/1000 population (2006 est.)
Death rate: 9.05 deaths/1000 population (2006 est.)
top of pageAdministrative 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 Nichollstown and Berry Islands Ragged Island Rock Sound Sandy Point San Salvador and Rum Cay
Executive branchChief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor General Arthur D. HANNA (since 1 February 2006)
Head of government: Prime Minister Perry CHRISTIE (since 3 May 2002) and Deputy Prime Minister Cynthia PRATT (since 7 May 2002)
Cabinet: Cabinet appointed by the governor general on the prime minister's recommendation
Elections: none; the monarch is hereditary; governor general appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the governor general; the prime minister recommends the deputy prime minister
Judicial branch: Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts
International organization participation: ACP C Caricom CDB FAO G-77 IADB IBRD ICAO ICCt (signatory) ICFTU ICRM IFC IFRCS ILO IMF IMO Interpol IOM IOC ITU MIGA NAM OAS OPANAL OPCW (signatory) UN UNCTAD UNESCO UNIDO UPU WCO WHO WIPO WMO WTO (observer) WToO
Diplomatic representationIn the us chief of mission: vacant
In the us chancery: 2,220 Massachusetts Avenue NW, Washington, DC 20,008
In the us telephone: [1] (202) 319-2,660
In the us fax: [1] (202) 319-2,668
In the us consulates general: Miami, New York
From the us chief of mission: Ambassador John D. ROOD
From the us embassy: 42 Queen Street, Nassau
From the us mailing address: local or express mail address: P. O. Box N-8,197, Nassau; US Department of State, 3,370 Nassau Place, Washington, DC 20,521-3,370
From the us telephone: [1] (242) 322-1181, 328-2,206 (after hours)
From the us fax: [1] (242) 356-0222
Flag description: three equal horizontal bands of aquamarine (top) gold and aquamarine with a black equilateral triangle based on the hoist side
top of pageEconomy overview: The Bahamas is a stable developing nation with an economy heavily dependent on tourism and offshore banking. Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels resorts and residences had led to solid GDP growth in recent years but the slowdown in the US economy and the attacks of 11 September 2001 held back growth in these sectors in 2001-03. The current government has presided over a period of economic recovery and an upturn in large-scale private sector investments in tourism. Financial services constitute the second-most important sector of the Bahamian economy accounting for about 15% of GDP. However since December 2000 when the government enacted new regulations on the financial sector many international businesses have left The Bahamas. Manufacturing and agriculture together contribute approximately a tenth of GDP and show little growth despite government incentives aimed at those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector which depends on growth in the US the source of more than 80% of the visitors.
Industries: tourism banking cement oil transshipment salt rum aragonite pharmaceuticals spiral-welded steel pipe
Exports: $469.3 million (2004 est.)
Commodities: mineral products and salt animal products rum chemicals fruit and vegetables
Partners: US 31% Spain 29.7% Poland 9.3% Germany 5.6% Guatemala 4.1% (2005)
Imports: $1.82 billion (2004 est.)
Commodities: machinery and transport equipment manufactures chemicals mineral fuels; food and live animals
Partners: US 22.5% South Korea 20.2% Spain 7.8% Brazil 7.1% Italy 6.5% Germany 5.4% (2005)
Exchange rates: Bahamian dollars per US dollar - 1 (2005) 1 (2004) 1 (2003) 1 (2002) 1 (2001)
top of pagetop of pagetop of pagetop of pageMerchant marineTotal: 1,177 ships (1000 GRT or over) 37,743,270 GRT/50,918,747 DWT
By type: barge carrier 1, bulk carrier 253, cargo 250, chemical tanker 64, container 79, liquefied gas 35, livestock carrier 2, passenger 115, passenger/cargo 34, petroleum tanker 175, refrigerated cargo 114, roll on/roll off 20, specialized tanker 5, vehicle carrier 30
Foreign owned: 1,093 (Angola 5, Australia 2, Belgium 13, Canada 18, China 3, Cuba 1, Cyprus 13, Denmark 59, Estonia 1, Finland 8, France 37, Germany 22, Greece 232, Hong Kong 8, Iceland 1, India 1, Indonesia 4, Ireland 2, Israel 1, Italy 5, Japan 51, Jordan 2, Kenya 1, Latvia 1, Malaysia 12, Monaco 17, Montenegro 2, Netherlands 24, Nigeria 2, Norway 259, Philippines 1, Poland 15, Reunion 1, Russia 6, Saudi Arabia 12, Singapore 12, Slovenia 1, Spain 12, Sweden 6, Switzerland 2, Thailand 1, Turkey 8, UAE 16, UK 69, Uruguay 2, US 121, Venezuela 1)
Registered in other countries: 4 (Barbados 1, Liberia 1, Panama 2) (2006)
top of pageDisputes international: disagrees with the US on the alignment of the maritime boundary; continues to monitor and interdict Haitian refugees fleeing economic privation and political instability
Illicit drugs: transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center
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