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Compare Bahamas, The (2008) - Bahamas, The (2004)

Compare Bahamas, The (2008) z Bahamas, The (2004)

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 Bahamas, The (2008)Bahamas, The (2004)
 Bahamas, TheBahamas, The
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.)
0-14 years: 28.3% (male 42,474; female 42,423)


15-64 years: 65.7% (male 96,825; female 99,985)


65 years and over: 6% (male 7,351; female 10,639) (2004 est.)
Airports 62 (2007) 63 (2003 est.)
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)
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 (2004 est.)
Airports - with unpaved runways total: 38


1,524 to 2,437 m: 5


914 to 1,523 m: 11


under 914 m: 22 (2007)
total: 34


1,524 to 2,437 m: 3


914 to 1,523 m: 10


under 914 m: 21 (2004 est.)
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. Arawak 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 17.3 births/1,000 population (2007 est.) 18.22 births/1,000 population (2004 est.)
Budget revenues: $1.03 billion


expenditures: $1.03 billion (FY04/05)
revenues: $918.5 million


expenditures: $956.5 million, including capital expenditures of $106.7 million (FY99/00)
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
Nassau
Currency - Bahamian dollar (BSD)
Death rate 9.13 deaths/1,000 population (2007 est.) 8.82 deaths/1,000 population (2004 est.)
Debt - external $342.6 million (2004 est.) $308.5 million (2002)
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
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; 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: 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
chief of mission: Ambassador Joshua SEARS


chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008


telephone: [1] (202) 319-2660


FAX: [1] (202) 319-2668


consulate(s) general: Miami and 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 concerned about migrants fleeing Haiti's deteriorated economic and political conditions
Economic aid - recipient $4.78 million (2004) $9.8 million (1995)
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. 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 2001-03. 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. In addition to tourism and banking, the government supports the development of a "third pillar," e-commerce.
Electricity - consumption 1.762 billion kWh (2005) 1.451 billion kWh (2001)
Electricity - exports 0 kWh (2005) 0 kWh (2001)
Electricity - imports 0 kWh (2005) 0 kWh (2001)
Electricity - production 1.894 billion kWh (2005) 1.56 billion kWh (2001)
Exchange rates Bahamian dollars per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003) Bahamian dollars per US dollar - 1 (2003), 1 (2002), 1 (2001), 1 (2000), 1 (1999)
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
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor General Dame Ivy DUMONT (since NA May 2002)


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 transshipments of 41,290 bbl/day (2004) NA (2001)
Exports - commodities mineral products and salt, animal products, rum, chemicals, fruit and vegetables fish and crawfish; rum, salt, chemicals; fruit and vegetables
Exports - partners Spain 22.3%, US 19.8%, Poland 13.5%, Germany 13%, UK 5.7%, Guatemala 4.9% (2006) US 35%, Spain 9.6%, Germany 7.8%, France 7.6%, Poland 5.3%, Switzerland 4.8%, Peru 4.2%, Paraguay 4.2% (2003)
GDP - purchasing power parity - $5.049 billion (2003 est.)
GDP - per capita - purchasing power parity - $16,700 (2003 est.)
GDP - real growth rate 2.8% (2007 est.) 0% (2003 est.)
Heliports 1 (2007) 1 (2003 est.)
Highways - total: 2,693 km


paved: 1,546 km


unpaved: 1,147 km (1999 est.)
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: 27% (2000)
lowest 10%: NA


highest 10%: NA
Imports 68,250 bbl/day (2004) NA (2001)
Imports - partners US 24.7%, Brazil 15.7%, Japan 13.1%, South Korea 7.8%, Spain 6.2% (2006) US 20.8%, South Korea 17.4%, Italy 11.4%, France 9.1%, Brazil 7.5%, Japan 5.6%, Venezuela 5.3% (2003)
Industrial production growth rate NA% NA (2002 est.)
Industries tourism, banking, cement, oil 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 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.)
total: 25.7 deaths/1,000 live births


male: 31.73 deaths/1,000 live births


female: 19.55 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices) 2.4% (2007 est.) 1.7% (2002 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) ACP, C, Caricom, CDB, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOM, IOC, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTO (observer)
Irrigated land 10 sq km (2003) NA sq km
Judicial branch Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts Supreme Court; Court of Appeal; magistrates courts
Labor force 181,900 (2006) 156,000 (1999)
Labor force - by occupation agriculture 5%, industry 5%, tourism 50%, other services 40% (2005 est.) agriculture 5%, industry 5%, tourism 50%, other services 40% (1999 est.)
Land use arable land: 0.58%


permanent crops: 0.29%


other: 99.13% (2005)
arable land: 0.8%


permanent crops: 0.4%


other: 98.8% (2001)
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
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: 65.66 years


male: 62.37 years


female: 69.02 years (2007 est.)
total population: 65.63 years


male: 62.21 years


female: 69.11 years (2004 est.)
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)
total: 1,035 ships (1,000 GRT or over) 31,631,252 GRT/43,025,977 DWT


by type: bulk 165, cargo 188, chemical tanker 45, combination bulk 10, combination ore/oil 17, container 97, liquefied gas 27, livestock carrier 2, multi-functional large load carrier 4, passenger 108, passenger/cargo 1, petroleum tanker 163, refrigerated cargo 133, roll on/roll off 34, short-sea/passenger 18, specialized tanker 3, vehicle carrier 20


foreign-owned: Algeria 1, Australia 7, Belgium 14, Bermuda 1, Canada 4, Chile 1, China 4, Croatia 1, Cuba 3, Cyprus 14, Denmark 49, Estonia 1, Faroe Islands 1, Finland 9, France 21, Germany 13, Gibraltar 1, Greece 163, Hong Kong 9, India 1, Indonesia 3, Ireland 1, Israel 3, Italy 7, Japan 35, Kenya 2, South Korea 1, Latvia 1, Liberia 1, Malaysia 11, Malta 1, Monaco 68, Netherlands 29, New Zealand 1, Norway 231, Panama 2, Philippines 3, Poland 14, Reunion 1, Russia 1, Saudi Arabia 9, Singapore 13, Slovenia 1, Spain 6, Sweden 9, Switzerland 1, Thailand 1, Trinidad and Tobago 2


registered in other countries: 11 (2004 est.)
Military branches Royal Bahamian Defense Force: Land Force, Navy, Air Wing (2007) Royal Bahamas Defense Force (including Coast Guard)
Military expenditures - dollar figure - NA
Military expenditures - percent of GDP 0.5% (2006) NA
Net migration rate -2.15 migrant(s)/1,000 population (2007 est.) -2.2 migrant(s)/1,000 population (2004 est.)
Political parties and leaders Free National Movement or FNM [Hubert INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE] Free National Movement or FNM [Tommy TURNQUEST]; Progressive Liberal Party or PLP [Perry CHRISTIE]
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.)
299,697


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 2004 est.)
Population below poverty line 9.3% (2004) NA
Population growth rate 0.602% (2007 est.) 0.72% (2004 est.)
Ports and harbors - Freeport, Matthew Town, Nassau
Radio broadcast stations AM 3, FM 5, shortwave 0 (2006) AM 3, FM 5, shortwave 0 (2004)
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) Baptist 32%, Anglican 20%, Roman Catholic 19%, Methodist 6%, Church of God 6%, other Protestant 12%, none or unknown 3%, other 2%
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.)
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 (2004 est.)
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)
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 - 1 Intelsat (Atlantic Ocean) (1997)
Telephones - main lines in use 133,100 (2005) 131,700 (2003)
Telephones - mobile cellular 227,800 (2005) 121,800 (2002)
Television broadcast stations 2 (2006) 2 (2004)
Total fertility rate 2.15 children born/woman (2007 est.) 2.23 children born/woman (2004 est.)
Unemployment rate 7.6% (2006 est.) 6.9% (2001 est.)
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