Bahamas, The (2002) | Bahamas, The (2003) | |
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Age structure | 0-14 years: 29% (male 43,964; female 43,250)
15-64 years: 64.7% (male 95,508; female 98,859) 65 years and over: 6.3% (male 7,948; female 11,000) (2002 est.) |
0-14 years: 28.8% (male 42,799; female 42,730)
15-64 years: 65.4% (male 95,718; female 98,875) 65 years and over: 5.8% (male 7,092; female 10,263) (2003 est.) |
Airports | 67 (2001) | 64 (2002) |
Airports - with unpaved runways | total: 34 35
1,524 to 2,437 m: 3 914 to 1,523 m: 9 under 914 m: 3 23 (2002) |
total: 34
1,524 to 2,437 m: 3 914 to 1,523 m: 9 under 914 m: 22 (2002) |
Birth rate | 18.69 births/1,000 population (2002 est.) | 18.57 births/1,000 population (2003 est.) |
Budget | revenues: $918.5 million
expenditures: $956.5 million, including capital expenditures of $106.7 million (FY99/00) |
revenues: $918.5 million
expenditures: $956.5 million, including capital expenditures of $106.7 million (FY 99/00) |
Death rate | 7.49 deaths/1,000 population (2002 est.) | 8.68 deaths/1,000 population (2003 est.) |
Debt - external | $381.9 million (2000) | $371.6 million (2001) |
Diplomatic representation from the US | chief of mission: Ambassador J. Richard BLANKENSHIP
embassy: 42 Queen Street, Nassau mailing address: local or express mail address: P. O. Box N-8197, Nassau; stateside address: American Embassy Nassau, P. O. Box 599009, Miami, FL 33159-9009; pouch address: Nassau, Department of State, Washington, DC 20521-3370 telephone: [1] (242) 322-1181, 328-2206 FAX: [1] (242) 356-0222 |
chief of mission: Ambassador (vacant); Charge d'Affairs Robert M. WITAJEWSKI
embassy: 42 Queen Street, Nassau mailing address: local or express mail address: P. O. Box N-8197, Nassau; Department of State, 3370 Nassau Place, Washington, DC 20521-3370 telephone: [1] (242) 322-1181, 328-2206 (after hours) FAX: [1] (242) 356-0222 |
Disputes - international | none | have not been able to agree on a maritime boundary with the US |
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 60% of GDP and directly or indirectly employs almost half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences have led to solid GDP growth in recent years. 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 the majority of tourist visitors. | The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 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 2002. 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 most of the visitors. |
Electricity - consumption | 1.432 billion kWh (2000) | 1.451 billion kWh (2001) |
Electricity - exports | 0 kWh (2000) | 0 kWh (2001) |
Electricity - imports | 0 kWh (2000) | 0 kWh (2001) |
Electricity - production | 1.54 billion kWh (2000) | 1.56 billion kWh (2001) |
Electricity - production by source | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2000) |
fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001) |
Exchange rates | Bahamian dollars per US dollar - 1.000 (fixed rate pegged to the dollar) | Bahamian dollars per US dollar - 1 (2002), 1 (2001), 1 (2000), 1 (1999), 1 (1998) |
Exports | $535.8 million (2000) | NA (2001) |
Exports - commodities | fish and crawfish; rum, salt, chemicals; fruit and vegetables (1999) | fish and crawfish; rum, salt, chemicals; fruit and vegetables |
Exports - partners | US 28.2%, France 16.5%, Germany 14.1%, UK 12.4% (2000) | US 39.1%, Germany 15.4%, Spain 10.8%, France 7.4%, Poland 4.6%, Switzerland 4.3% (2002) |
GDP | purchasing power parity - $5 billion (2001 est.) | purchasing power parity - $4.59 billion (2002 est.) |
GDP - per capita | purchasing power parity - $16,800 (2000 est.) | purchasing power parity - $15,300 (2002 est.) |
GDP - real growth rate | 3.5% (2001) | 0.1% (2002 est.) |
Highways | total: 2,693 km
paved: 1,546 km unpaved: 1,147 km (1997) |
total: 2,693 km
paved: 1,546 km unpaved: 1,147 km (1999 est.) |
Imports | $1.88 billion (2000) | NA (2001) |
Imports - commodities | machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals (1999) | machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals |
Imports - partners | US 31.6%, South Korea 18.2%, Italy 17.4%, Japan 5.8% (2000) | US 20.3%, South Korea 20.1%, Germany 11.5%, Norway 11.5%, Japan 10%, Italy 7.2% (2002) |
Industries | tourism, banking, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe | tourism, banking, e-commerce, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe |
Infant mortality rate | 17.08 deaths/1,000 live births (2002 est.) | total: 26.21 deaths/1,000 live births
male: 32.45 deaths/1,000 live births female: 19.83 deaths/1,000 live births (2003 est.) |
Inflation rate (consumer prices) | 1.5% (2001 est.) | 1.8% (2001 est.) |
International organization participation | ACP, C, Caricom, CCC, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ITU, LAES, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WTrO (observer) | ACP, C, Caricom, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ITU, LAES, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTrO (observer) |
Labor force - by occupation | tourism 40%, other services 50%, industry 5%, agriculture 5% (1995 est.) | tourism 50%, other services 40%, industry 5%, agriculture 5% (1999 est.) |
Languages | English, Creole (among Haitian immigrants) | English (official), Creole (among Haitian immigrants) |
Life expectancy at birth | total population: 69.87 years
male: 66.32 years female: 73.49 years (2002 est.) |
total population: 65.71 years
male: 62.3 years female: 69.18 years (2003 est.) |
Literacy | definition: age 15 and over can read and write
total population: 98.2% male: 98.5% female: 98% (1995 est.) |
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 | Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba |
Merchant marine | total: 1,076 ships (1,000 GRT or over) totaling 31,309,187 GRT/45,859,485 DWT
ships by type: bulk 159, cargo 246, chemical tanker 41, combination bulk 13, combination ore/oil 22, container 80, liquefied gas 28, livestock carrier 2, multi-functional large-load carrier 8, passenger 88, passenger/cargo 1, petroleum tanker 178, railcar carrier 1, refrigerated cargo 120, roll on/roll off 49, short-sea passenger 16, specialized tanker 2, vehicle carrier 22 note: includes some foreign-owned ships registered here as a flag of convenience: Angola 1, Argentina 1, Australia 4, Belgium 18, Bermuda 1, Canada 5, Chile 1, China 3, Croatia 2, Cuba 3, Cyprus 2, Denmark 27, Ecuador 1, Estonia 2, Finland 9, France 15, Germany 26, Greece 173, Hong Kong 6, India 2, Indonesia 2, Ireland 1, Israel 3, Italy 9, Jamaica 1, Japan 32, Kenya 3, Malaysia 10, Malta 2, Monaco 67, Netherlands 32, New Zealand 2, Norway 237, Panama 2, Philippines 3, Poland 13, Reunion 1, Russia 6, Saudi Arabia 9, Singapore 13, Slovenia 1, South Korea 2, Spain 7, Sweden 12, Switzerland 8, Thailand 1, Trinidad and Tobago 2, Turkey 2, Ukraine 2, United Arab Emirates 10, United Kingdom 107, United States 159, Uruguay 1 (2002 est.) |
total: 1,090 ships (1,000 GRT or over) 33,065,778 GRT/46,202,085 DWT
ships by type: bulk 150, cargo 223, chemical tanker 45, combination bulk 12, combination ore/oil 18, container 108, liquefied gas 26, livestock carrier 2, multi-functional large-load carrier 8, passenger 102, passenger/cargo 1, petroleum tanker 178, refrigerated cargo 135, roll on/roll off 40, short-sea passenger 17, specialized tanker 2, vehicle carrier 23 note: includes some foreign-owned ships registered here as a flag of convenience: Angola 1, Argentina 1, Australia 4, Belgium 18, Bermuda 1, Canada 5, Chile 1, China 3, Croatia 2, Cuba 3, Cyprus 2, Denmark 27, Ecuador 1, Estonia 2, Finland 9, France 15, Germany 26, Greece 173, Hong Kong 6, India 2, Indonesia 2, Ireland 1, Israel 3, Italy 9, Jamaica 1, Japan 32, Kenya 3, Malaysia 10, Malta 2, Monaco 67, Netherlands 32, New Zealand 2, Norway 237, Panama 2, Philippines 3, Poland 13, Reunion 1, Russia 6, Saudi Arabia 9, Singapore 13, Slovenia 1, South Korea 2, Spain 7, Sweden 12, Switzerland 8, Thailand 1, Trinidad and Tobago 2, Turkey 2, Ukraine 2, United Arab Emirates 10, United Kingdom 107, United States 159, Uruguay 1 (2002 est.) |
Net migration rate | -2.63 migrant(s)/1,000 population (2002 est.) | -2.21 migrant(s)/1,000 population (2003 est.) |
Population | 300,529
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 2002 est.) |
297,477
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 2003 est.) |
Population growth rate | 0.86% (2002 est.) | 0.77% (2003 est.) |
Radios | 215,000 (1997) | - |
Sex ratio | at birth: 1.02 male(s)/female
under 15 years: 1.02 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.72 male(s)/female total population: 0.96 male(s)/female (2002 est.) |
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 (2003 est.) |
Total fertility rate | 2.28 children born/woman (2002 est.) | 2.25 children born/woman (2003 est.) |