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Bahamas, The (2008)

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Bahamas, TheBahamas, The (2007) (compare)


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Bahamas, The 2008 year

 Bahamas, The
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% (male 41,268/female 41,186)


15-64 years: 66.5% (male 99,961/female 103,230)


65 years and over: 6.5% (male 8,176/female 11,834) (2007 est.)
Agriculture - products citrus, vegetables; poultry
Airports 62 (2007)
Airports - with paved runways total: 24


over 3,047 m: 2


2,438 to 3,047 m: 3


1,524 to 2,437 m: 12


914 to 1,523 m: 7 (2007)
Airports - with unpaved runways total: 38


1,524 to 2,437 m: 5


914 to 1,523 m: 11


under 914 m: 22 (2007)
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 Europe, and its territory is used for smuggling illegal migrants into the US.
Birth rate 17.3 births/1,000 population (2007 est.)
Budget revenues: $1.03 billion


expenditures: $1.03 billion (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 second Sunday in March; ends first Sunday in November
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 9.13 deaths/1,000 population (2007 est.)
Debt - external $342.6 million (2004 est.)
Diplomatic representation from the US chief of mission: Ambassador Ned L. SIEGEL


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, 356-3229 (after hours)


FAX: [1] (242) 356-0222
Diplomatic representation in the US chief of mission: Ambassador Cornelius A. SMITH


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 a potential maritime boundary; continues to monitor and interdict drug dealers and Haitian refugees in Bahamian waters
Economic aid - recipient $4.78 million (2004)
Economy - 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. 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. Tourism, in turn, depends on growth in the US, the source of more than 80% of the visitors.
Electricity - consumption 1.762 billion kWh (2005)
Electricity - exports 0 kWh (2005)
Electricity - imports 0 kWh (2005)
Electricity - production 1.894 billion kWh (2005)
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 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003)
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 Hubert A. INGRAHAM (since 4 May 2007)


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 (2005)
Exports $674 million (2006)
Exports 0 cu m (2005 est.)
Exports transshipments of 41,290 bbl/day (2004)
Exports - commodities mineral products and salt, animal products, rum, chemicals, fruit and vegetables
Exports - partners Spain 22.3%, US 19.8%, Poland 13.5%, Germany 13%, UK 5.7%, Guatemala 4.9% (2006)
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 2.8% (2007 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 (2007)
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: 27% (2000)
Illicit drugs transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center
Imports 0 kWh (2005)
Imports $2.401 billion (2006)
Imports 0 cu m (2005)
Imports 68,250 bbl/day (2004)
Imports - commodities machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals
Imports - partners US 24.7%, Brazil 15.7%, Japan 13.1%, South Korea 7.8%, Spain 6.2% (2006)
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: 24.17 deaths/1,000 live births


male: 29.58 deaths/1,000 live births


female: 18.65 deaths/1,000 live births (2007 est.)
Inflation rate (consumer prices) 2.4% (2007 est.)
International organization participation ACP, C, Caricom, CDB, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IDA, 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, WHO, WIPO, WMO, WTO (observer)
Irrigated land 10 sq km (2003)
Judicial branch Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts
Labor force 181,900 (2006)
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 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 called by May 2012)


election results: percent of vote by party - FNM 49.86%, PLP 47.02%; seats by party - FNM 23, PLP 18
Life expectancy at birth total population: 65.66 years


male: 62.37 years


female: 69.02 years (2007 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: 1,213 ships (1000 GRT or over) 40,403,455 GRT/54,276,183 DWT


by type: barge carrier 1, bulk carrier 225, cargo 240, chemical tanker 84, combination ore/oil 13, container 72, liquefied gas 49, livestock carrier 2, passenger 117, passenger/cargo 34, petroleum tanker 196, refrigerated cargo 118, roll on/roll off 18, specialized tanker 4, specialized tanker 1, vehicle carrier 39


foreign-owned: 1,134 (Angola 6, Australia 3, Belgium 15, Bermuda 12, Brazil 1, Canada 13, China 9, Croatia 1, Cuba 1, Cyprus 20, Denmark 66, Finland 8, France 43, Germany 40, Greece 214, Hong Kong 3, Iceland 1, Indonesia 3, Ireland 2, Italy 1, Japan 62, Jordan 2, Kenya 1, Malaysia 11, Monaco 11, Montenegro 2, Netherlands 24, Nigeria 2, Norway 232, Philippines 1, Poland 15, Russia 5, Saudi Arabia 15, Singapore 9, Slovenia 1, South Africa 1, Spain 11, Sweden 5, Switzerland 2, Taiwan 1, Thailand 1, Trinidad and Tobago 1, Turkey 5, UAE 20, UK 68, US 162, Uruguay 1, Venezuela 1)


registered in other countries: 3 (Barbados 1, Panama 2) (2007)
Military branches Royal Bahamian Defense Force: Land Force, Navy, Air Wing (2007)
Military expenditures - percent of GDP 0.5% (2006)
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 -2.15 migrant(s)/1,000 population (2007 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 305,655


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 2007 est.)
Population below poverty line 9.3% (2004)
Population growth rate 0.602% (2007 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: 1.002 male(s)/female


15-64 years: 0.968 male(s)/female


65 years and over: 0.691 male(s)/female


total population: 0.956 male(s)/female (2007 est.)
Suffrage 18 years of age; universal
Telephone system general 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 station - 2 (2007)
Telephones - main lines in use 133,100 (2005)
Telephones - mobile cellular 227,800 (2005)
Television broadcast stations 2 (2006)
Terrain long, flat coral formations with some low rounded hills
Total fertility rate 2.15 children born/woman (2007 est.)
Unemployment rate 7.6% (2006 est.)
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