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 Europe 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 pagePopulation: 309,156
Rank: 176
Note: 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 higher death rates lower population growth rates and changes in the distribution of population by age and sex than would otherwise be expected (July 2009 est.)
Growth rate: 0.536% (2009 est.)
Growth rate rank: 152
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)
top of pageGovernment type: constitutional parliamentary democracy and a Commonwealth realm
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 Nichollstown and Berry Islands Ragged Island Rock Sound Sandy Point San Salvador and Rum Cay
Executive branchChief of state: Queen ELIZABETH II ; represented by Governor General Arthur D. HANNA (since 1 February 2006)
Head of government: Prime Minister Hubert A. INGRAHAM (since 4 May 2007)
Cabinet: Cabinet appointed by the governor general on the prime minister's recommendation
Elections: 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
Legislative branch: bicameral Parliament consists of the Senate (16 seats; members appointed by the governor general upon the advice of the prime minister and the opposition leader to serve five-year terms) and the House of Assembly (41 seats; members elected by direct popular vote to serve five-year terms); the government may dissolve the parliament and call elections at any time
Elections: last held 2 May 2007 (next to be held by May 2012)
Election results: percent of vote by party - FNM 49.86% PLP 47.02%; seats by party - FNM 23 PLP 18
Judicial branch: Privy Council in 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 IDA IFAD IFC IFRCS ILO IMF IMO IMSO Interpol IOC IOM ITSO ITU LAES MIGA NAM OAS OPANAL OPCW (signatory) UN UNCTAD UNESCO UNIDO UNWTO UPU WCO WFTU WHO WIPO WMO WTO (observer)
Diplomatic representationIn the us chief of mission: Ambassador Cornelius A. SMITH
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 consulate general: Miami New York
From the us chief of mission: Ambassador Ned L. SIEGEL
From the us embassy: 42 Queen Street Nassau New Providence
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) 328-2,206
Flag description: three equal horizontal bands of aquamarine (top) gold and aquamarine with a black equilateral triangle based on the hoist side; the band colors represent the golden beaches of the islands surrounded by the aquamarine sea; black represents the vigor and force of a united people while the pointing triangle indicates the enterprise and determination of the Bahamian people to develop the rich resources of land and sea
top of pageEconomy overview: The Bahamas is one of the wealthiest Caribbean countries 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 tourist arrivals have been on the decline since 2006 and will likely drop even further in 2009. Tourism in turn depends on growth in the US the source of more than 80% of the visitors. To help offset the effect of the global economic downturn particularly on employment the INGRAHAM administration plans to engage in infrastructure projects. Financial services constitute the second-most important sector of the Bahamian economy and when combined with business services account for about 36% 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 combined 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.
Industries: tourism banking cement oil transshipment salt rum aragonite pharmaceuticals spiral-welded steel pipe
Exports: $674 million (2006)
Rank: 159
Commodities: mineral products and salt animal products rum chemicals fruit and vegetables
Partners: US 21.6% Singapore 19% Poland 18.2% Germany 7.7% Japan 7.5% (2008)
Imports: $2.401 billion (2006)
Rank: 145
Commodities: machinery and transport equipment manufactures chemicals mineral fuels; food and live animals
Partners: US 25.1% South Korea 18.8% Japan 16.4% Singapore 7.3% Venezuela 5% (2008)
Exchange rates: Bahamian dollars (BSD) per US dollar - 1 (2008 est.) 1 (2007) 1 (2006) 1 (2005) 1 (2004)
top of pagetop of pageTelephone systemGeneral assessment: modern facilities
Domestic: totally automatic system; highly developed; the Bahamas Domestic Submarine Network links 14 of the islands and is designed to satisfy increasing demand for voice and broadband internet services
International: country code - 1-242; landing point for the Americas Region Caribbean Ring System (ARCOS-1) fiber-optic submarine cable that provides links to South and Central America parts of the Caribbean and the US; satellite earth stations - 2 (2007)
top of pagetop of pageMerchant marineTotal: 1223
Rank: 6
By type: barge carrier 1 bulk carrier 210 cargo 226 carrier 2 chemical tanker 88 combination ore/oil 12 container 65 liquefied gas 77 passenger 109 passenger/cargo 35 petroleum tanker 209 refrigerated cargo 119 roll on/roll off 16 specialized tanker 3 vehicle carrier 51
Foreign owned: 1150 (Angola 6 Belgium 15 Bermuda 12 Brazil 2 Canada 84 China 10 Croatia 1 Cuba 1 Cyprus 25 Denmark 67 Finland 9 France 30 Germany 44 Greece 209 Hong Kong 30 Iceland 1 Indonesia 2 Ireland 2 Isle of Man 1 Italy 4 Japan 87 Jordan 2 Kenya 1 Malaysia 13 Monaco 15 Montenegro 2 Netherlands 9 Nigeria 2 Norway 189 Poland 17 Russia 4 Saudi Arabia 16 Singapore 17 Slovenia 1 South Africa 1 Spain 14 Sweden 4 Switzerland 1 Thailand 5 Trinidad and Tobago 1 Turkey 8 UAE 23 UK 56 US 106 Venezuela 1)
Registered in other countries: 12 (Bolivia 1 Panama 9 Peru 1 Portugal 1) (2008)
top of pageDisputes international: disagrees with the US on the alignment the northern axis of a potential maritime boundary; continues to monitor and interdict drug dealers and Haitian and Cuban refugees in Bahamian waters
Illicit drugs: transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center
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