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The Bahamas |
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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:
Area - comparative: 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 Environment - current issues: coral reef decay
Environment - international agreements:
Geography - note: strategic location adjacent to US and Cuba; extensive island chain
Population: 275,941 (July 1997 est.)
Age structure:
Population growth rate: 1.41% (1997 est.) Birth rate: 21.47 births/1,000 population (1997 est.) Death rate: 5.45 deaths/1,000 population (1997 est.) Net migration rate: -1.88 migrant(s)/1,000 population (1997 est.)
Sex ratio:
Infant mortality rate: 19.6 deaths/1,000 live births (1997 est.)
Life expectancy at birth:
Total fertility rate: 2.36 children born/woman (1997 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 National 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, 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
Economy - overview: The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 50% of GDP and directly or indirectly employs 40% of the archipelago's labor force. A slowdown in the expansion of the tourism sector - especially stopover travel from Europe - led to a reduction in the country's GDP growth rate in 1995, down to an estimated 2% from 3.5% in 1994. The construction sector benefited from hotel rehabilitation and the government's ongoing housing development program. Earnings from exports of vegetable and citrus production have been decreasing since 1993 but were expected to increase in 1996 due to storm damage to crops in Florida. 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 visits. GDP: purchasing power parity - $4.8 billion (1995 est.) GDP - real growth rate: 2% (1995 est.) GDP - per capita: purchasing power parity - $18,700 (1995 est.)
GDP - composition by sector:
Inflation rate - consumer price index: 2.1% (1995)
Labor force:
Unemployment rate: 15% (1995 est.)
Budget:
Industries: tourism, banking, cement, oil refining and transshipment, salt production, rum, aragonite, pharmaceuticals, spiral-welded steel pipe Industrial production growth rate: NA% Electricity - capacity: 267,000 kW (1993) Electricity - production: 874 million kWh (1993) Electricity - consumption per capita: 2,717 kWh (1993) Agriculture - products: citrus, vegetables; poultry
Exports:
Imports:
Debt - external: $393 million (1995) Economic aid: $NA Currency: 1 Bahamian dollar (B$) = 100 cents Exchange rates: Bahamian dollar (B$) per US$1 - 1.00 (February 1997; fixed rate) Fiscal year: 1 July - 30 June
Telephones: 119,000 (1987 est.)
Telephone system:
Radio broadcast stations: AM 3, FM 2, shortwave 0 Radios: 200,000 (1993 est.) Television broadcast stations: 1 (1986 est.) Televisions: 60,000 (1993 est.)
Railways: 0 km
Highways:
Ports and harbors: Freeport, Matthew Town, Nassau
Merchant marine:
Airports: 54 (1996 est.)
Airports - with paved runways:
Airports - with unpaved runways:
Military branches: Royal Bahamas Defense Force (Coast Guard only), Royal Bahamas Police Force
Military manpower - availability:
Military manpower - fit for military service:
Military expenditures - dollar figure: $20 million (FY95/96) Military expenditures - percent of GDP: 3.8% (FY95/96)
Disputes - international: none Illicit drugs: transshipment point for cocaine and marijuana bound for US and Europe; banking industry vulnerable to money-laundering |