Bahamas, The (2006)

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Bahamas, The 2006 year


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
Age structure	0-14 years: 27.5% (male 41,799/female 41,733) 15-64 years: 66.1% (male 98,847/female 102,074) 65 years and over: 6.4% (male 7,891/female 11,426) (2006 est.)
Agriculture - products	citrus, vegetables; poultry
Airports	64 (2006)
Airports - with paved runways	total: 29 over 3,047 m: 2 2,438 to 3,047 m: 3 1,524 to 2,437 m: 14 914 to 1,523 m: 9 under 914 m: 1 (2006)
Airports - with unpaved runways	total: 35 1,524 to 2,437 m: 3 914 to 1,523 m: 10 under 914 m: 22 (2006)
Area	total: 13,940 sq km land: 10,070 sq km water: 3,870 sq km
Area - comparative	slightly smaller than Connecticut
Background	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.
Birth rate	17.57 births/1,000 population (2006 est.)
Budget	revenues: $1.03 billion expenditures: $1.03 billion; including capital expenditures of $130 million (FY04/05)
Capital	name: Nassau geographic coordinates: 25 05 N, 77 21 W time difference: UTC-5 (same time as Washington, DC during Standard Time) daylight saving time: +1hr, begins first Sunday in April; ends last Sunday in October
Climate	tropical marine; moderated by warm waters of Gulf Stream
Coastline	3,542 km
Constitution	10 July 1973
Country name	conventional long form: Commonwealth of The Bahamas conventional short form: The Bahamas
Death rate	9.05 deaths/1,000 population (2006 est.)
Debt - external	$342.6 million (2004 est.)
Diplomatic representation from the US	chief of mission: Ambassador John D. ROOD embassy: 42 Queen Street, Nassau mailing address: local or express mail address: P. O. Box N-8197, Nassau; US Department of State, 3370 Nassau Place, Washington, DC 20521-3370 telephone: [1] (242) 322-1181, 328-2206 (after hours) FAX: [1] (242) 356-0222
Diplomatic representation in the US	chief of mission: vacant chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 319-2660 FAX: [1] (202) 319-2668 consulate(s) general: Miami, New York
Disputes - 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
Economic aid - recipient	$5 million (2004)
Economy - 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.
Electricity - consumption	1.683 billion kWh (2003)
Electricity - exports	0 kWh (2003)
Electricity - imports	0 kWh (2003)
Electricity - production	1.81 billion kWh (2003)
Elevation extremes	lowest point: Atlantic Ocean 0 m highest point: Mount Alvernia, on Cat Island 63 m
Environment - current issues	coral reef decay; solid waste disposal
Environment - international agreements	party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Wetlands signed, but not ratified: none of the selected agreements
Ethnic groups	black 85%, white 12%, Asian and Hispanic 3%
Exchange rates	Bahamian dollars per US dollar - 1 (2005), 1 (2004), 1 (2003), 1 (2002), 1 (2001)
Executive branch	chief 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
Exports	0 kWh (2003)
Exports	$469.3 million (2004 est.)
Exports	transhipments of 29,000 bbl/day (2003)
Exports - commodities	mineral products and salt, animal products, rum, chemicals, fruit and vegetables
Exports - partners	US 31%, Spain 29.7%, Poland 9.3%, Germany 5.6%, Guatemala 4.1% (2005)
Fiscal year	1 July - 30 June
Flag description	three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side
GDP - composition by sector	agriculture: 3% industry: 7% services: 90% (2001 est.)
GDP - real growth rate	3.7% (2005 est.)
Geographic coordinates	24 15 N, 76 00 W
Geography - note	strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited
Heliports	1 (2006)
Household income or consumption by percentage share	lowest 10%: NA% highest 10%: 27%
Illicit drugs	transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center
Imports	0 kWh (2003)
Imports	$1.82 billion (2004 est.)
Imports	NA bbl/day
Imports - commodities	machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals
Imports - partners	US 22.5%, South Korea 20.2%, Spain 7.8%, Brazil 7.1%, Italy 6.5%, Germany 5.4% (2005)
Independence	10 July 1973 (from UK)
Industrial production growth rate	NA%
Industries	tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe
Infant mortality rate	total: 24.68 deaths/1,000 live births male: 30.29 deaths/1,000 live births female: 18.96 deaths/1,000 live births (2006 est.)
Inflation rate (consumer prices)	1.2% ( 2004)
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
Irrigated land	10 sq km (2003)
Judicial branch	Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts
Labor force	176,300 (2004)
Labor force - by occupation	agriculture 5%, industry 5%, tourism 50%, other services 40% (2005 est.)
Land boundaries	0 km
Land use	arable land: 0.58% permanent crops: 0.29% other: 99.13% (2005)
Languages	English (official), Creole (among Haitian immigrants)
Legal system	based on English common law
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 five-year terms) and the House of Assembly (40 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 1 May 2002 (next to be held by May 2007) election results: percent of vote by party - PLP 50.8%, FNM 41.1%, independents 5.2%; seats by party - PLP 29, FNM 7, independents 4
Life expectancy at birth	total population: 65.6 years male: 62.24 years female: 69.03 years (2006 est.)
Literacy	definition: age 15 and over can read and write total population: 95.6% male: 94.7% female: 96.5% (2003 est.)
Location	Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba
Map references	Central America and the Caribbean
Maritime claims	territorial sea: 12 nm exclusive economic zone: 200 nm
Merchant marine	total: 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)
Military branches	Royal Bahamian Defense Force: Marines, Air Wing (2006)
Military expenditures - dollar figure	NA
Military expenditures - percent of GDP	NA
National holiday	Independence Day, 10 July (1973)
Nationality	noun: Bahamian(s) adjective: Bahamian
Natural hazards	hurricanes and other tropical storms cause extensive flood and wind damage
Natural resources	salt, aragonite, timber, arable land
Net migration rate	-2.17 migrant(s)/1,000 population (2006 est.)
Political parties and leaders	Free National Movement or FNM [Hubert INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE]
Political pressure groups and leaders	NA
Population	303,770 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 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.)
Population below poverty line	9.3% (2004)
Population growth rate	0.64% (2006 est.)
Radio broadcast stations	AM 3, FM 5, shortwave 0 (2006)
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)
Sex ratio	at birth: 1.02 male(s)/female under 15 years: 1 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.69 male(s)/female total population: 0.96 male(s)/female (2006 est.)
Suffrage	18 years of age; universal
Telephone system	general assessment: modern facilities domestic: totally automatic system; highly developed international: country code - 1-242; tropospheric scatter and submarine cable to Florida; 3 coaxial submarine cables; satellite earth station - 2 (2005)
Telephones - main lines in use	139,900 (2004)
Telephones - mobile cellular	186,000 (2004)
Television broadcast stations	2 (2006)
Terrain	long, flat coral formations with some low rounded hills
Total fertility rate	2.18 children born/woman (2006 est.)
Unemployment rate	10.2% (2005 est.)

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