Bahamas, The (2008) | British Virgin Islands (2003) | |
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 | none (overseas territory of the UK) |
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: 21.9% (male 2,401; female 2,358)
15-64 years: 73.1% (male 8,181; female 7,709) 65 years and over: 5% (male 578; female 503) (2003 est.) |
Agriculture - products | citrus, vegetables; poultry | fruits, vegetables; livestock, poultry; fish |
Airports | 62 (2007) | 3 (2002) |
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: 2
914 to 1,523 m: 1 under 914 m: 1 (2002) |
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: 1
914 to 1,523 m: 1 (2002) |
Area | total: 13,940 sq km
land: 10,070 sq km water: 3,870 sq km |
total: 153 sq km
land: 153 sq km water: 0 sq km note: comprised of 16 inhabited and more than 20 uninhabited islands; includes the island of Anegada |
Area - comparative | slightly smaller than Connecticut | about 0.9 times the size of Washington, DC |
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. | First settled by the Dutch in 1648, the islands were annexed in 1672 by the English. The economy is closely tied to the larger and more populous US Virgin Islands to the west; the US dollar is the legal currency. |
Birth rate | 17.3 births/1,000 population (2007 est.) | 15 births/1,000 population (2003 est.) |
Budget | revenues: $1.03 billion
expenditures: $1.03 billion (FY04/05) |
revenues: $121.5 million
expenditures: $115.5 million, including capital expenditures of $NA (1997) |
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 |
Road Town |
Climate | tropical marine; moderated by warm waters of Gulf Stream | subtropical; humid; temperatures moderated by trade winds |
Coastline | 3,542 km | 80 km |
Constitution | 10 July 1973 | 1 June 1977 |
Country name | conventional long form: Commonwealth of The Bahamas
conventional short form: The Bahamas |
conventional long form: none
conventional short form: British Virgin Islands abbreviation: BVI |
Currency | - | US dollar (USD) |
Death rate | 9.13 deaths/1,000 population (2007 est.) | 4.46 deaths/1,000 population (2003 est.) |
Debt - external | $342.6 million (2004 est.) | $36.1 million (1997) |
Dependency status | - | overseas territory of the UK; internal self-governing |
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 |
none (overseas territory of the UK) |
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 |
none (overseas territory of the UK) |
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 | none |
Economic aid - recipient | $4.78 million (2004) | NA% |
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 economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, generating an estimated 45% of the national income. An estimated 350,000 tourists, mainly from the US, visited the islands in 1998. Tourism suffered in 2002 because of the lackluster US economy. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, is expected to make the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the dollar as its currency since 1959. |
Electricity - consumption | 1.762 billion kWh (2005) | 35.43 million 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) | 38.1 million kWh (2001) |
Electricity - production by source | - | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001) |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Mount Alvernia, on Cat Island 63 m |
lowest point: Caribbean Sea 0 m
highest point: Mount Sage 521 m |
Environment - current issues | coral reef decay; solid waste disposal | limited natural fresh water resources (except for a few seasonal streams and springs on Tortola, most of the islands' water supply comes from wells and rainwater catchments) |
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% | black 83%, white, Indian, Asian and mixed |
Exchange rates | Bahamian dollars per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003) | the US dollar is used |
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 Tom MACAN (since 14 October 2002)
head of government: Chief Minister Orlando SMITH (since 17 June 2003) cabinet: Executive Council appointed by the governor from members of the Legislative Council elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed chief minister by the governor |
Exports | transshipments of 41,290 bbl/day (2004) | NA (2001) |
Exports - commodities | mineral products and salt, animal products, rum, chemicals, fruit and vegetables | rum, fresh fish, fruits, animals; gravel, sand |
Exports - partners | Spain 22.3%, US 19.8%, Poland 13.5%, Germany 13%, UK 5.7%, Guatemala 4.9% (2006) | Virgin Islands (US), Puerto Rico, US |
Fiscal year | 1 July - 30 June | 1 April - 31 March |
Flag description | three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side | blue, with the flag of the UK in the upper hoist-side quadrant and the Virgin Islander coat of arms centered in the outer half of the flag; the coat of arms depicts a woman flanked on either side by a vertical column of six oil lamps above a scroll bearing the Latin word VIGILATE (Be Watchful) |
GDP | - | purchasing power parity - $320 million (2002 est.) |
GDP - composition by sector | agriculture: 3%
industry: 7% services: 90% (2001 est.) |
agriculture: 1.8%
industry: 6.2% services: 92% (1996 est.) |
GDP - per capita | - | purchasing power parity - $16,000 (2002 est.) |
GDP - real growth rate | 2.8% (2007 est.) | 1% (2002 est.) |
Geographic coordinates | 24 15 N, 76 00 W | 18 30 N, 64 30 W |
Geography - note | strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited | strong ties to nearby US Virgin Islands and Puerto Rico |
Heliports | 1 (2007) | - |
Highways | - | total: 177 km
paved: 177 km unpaved: 0 km (2000) |
Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: 27% (2000) |
lowest 10%: NA%
highest 10%: NA% |
Illicit drugs | transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center | transshipment point for South American narcotics destined for the US and Europe; large offshore financial center |
Imports | 68,250 bbl/day (2004) | NA (2001) |
Imports - commodities | machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals | building materials, automobiles, foodstuffs, machinery |
Imports - partners | US 24.7%, Brazil 15.7%, Japan 13.1%, South Korea 7.8%, Spain 6.2% (2006) | Virgin Islands (US), Puerto Rico, US |
Independence | 10 July 1973 (from UK) | none (overseas territory of the UK) |
Industrial production growth rate | NA% | NA |
Industries | tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe | tourism, light industry, construction, rum, concrete block, offshore financial center |
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: 18.8 deaths/1,000 live births
male: 21.86 deaths/1,000 live births female: 15.6 deaths/1,000 live births (2003 est.) |
Inflation rate (consumer prices) | 2.4% (2007 est.) | 2.5% (2002) |
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) | Caricom (associate), CDB, ECLAC (associate), Interpol (subbureau), IOC, OECS (associate), UNESCO (associate) |
Internet Service Providers (ISPs) | - | 16 (2000) |
Irrigated land | 10 sq km (2003) | NA sq km |
Judicial branch | Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts | Eastern Caribbean Supreme Court, consisting of the High Court of Justice and the Court of Appeal (one judge of the Supreme Court is a resident of the islands and presides over the High Court); Magistrate's Court; Juvenile Court; Court of Summary Jurisdiction |
Labor force | 181,900 (2006) | 4,911 (1980) |
Labor force - by occupation | agriculture 5%, industry 5%, tourism 50%, other services 40% (2005 est.) | agriculture NA%, industry NA%, services NA% |
Land boundaries | 0 km | 0 km |
Land use | arable land: 0.58%
permanent crops: 0.29% other: 99.13% (2005) |
arable land: 20%
permanent crops: 6.67% other: 73.33% (1998 est.) |
Languages | English (official), Creole (among Haitian immigrants) | English (official) |
Legal system | based on English common law | English 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 |
unicameral Legislative Council (13 seats; members are elected by direct popular vote, one member from each of 9 electoral districts, four at-large members; members serve four-year terms)
elections: last held 16 May 2003 (next to be held NA 2007) election results: percent of vote by party - NA%; seats by party - NDP 8, VIP 5 |
Life expectancy at birth | total population: 65.66 years
male: 62.37 years female: 69.02 years (2007 est.) |
total population: 76.06 years
male: 75.07 years female: 77.1 years (2003 est.) |
Literacy | definition: age 15 and over can read and write
total population: 95.6% male: 94.7% female: 96.5% (2003 est.) |
definition: age 15 and over can read and write
total population: 97.8% (1991 est.) male: NA% female: NA% |
Location | Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba | Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico |
Map references | Central America and the Caribbean | Central America and the Caribbean |
Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm |
exclusive fishing zone: 200 NM
territorial sea: 3 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) |
total: 1 ship (1,000 GRT or over) 19,203 GRT/28,864 DWT
ships by type: cargo 1 (2002 est.) |
Military - note | - | defense is the responsibility of the UK |
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) | Territory Day, 1 July |
Nationality | noun: Bahamian(s)
adjective: Bahamian |
noun: British Virgin Islander(s)
adjective: British Virgin Islander |
Natural hazards | hurricanes and other tropical storms cause extensive flood and wind damage | hurricanes and tropical storms (July to October) |
Natural resources | salt, aragonite, timber, arable land | NEGL |
Net migration rate | -2.15 migrant(s)/1,000 population (2007 est.) | 10.45 migrant(s)/1,000 population (2003 est.) |
Political parties and leaders | Free National Movement or FNM [Hubert INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE] | Concerned Citizens Movement or CCM [Ethlyn SMITH]; National Democratic Party or NDP [Orlando SMITH]; United Party or UP [Gregory MADURO]; Virgin Islands Party or VIP [Ralph T. O'NEAL] |
Political pressure groups and leaders | NA | 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.) |
21,730 (July 2003 est.) |
Population below poverty line | 9.3% (2004) | NA% |
Population growth rate | 0.602% (2007 est.) | 2.1% (2003 est.) |
Ports and harbors | - | Road Town |
Radio broadcast stations | AM 3, FM 5, shortwave 0 (2006) | AM 1, FM 4, shortwave 0 (1998) |
Railways | - | 0 km |
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) | Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 15%), Roman Catholic 10%, none 2%, other 2% (1991) |
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: 1.05 male(s)/female
under 15 years: 1.02 male(s)/female 15-64 years: 1.06 male(s)/female 65 years and over: 1.15 male(s)/female total population: 1.06 male(s)/female (2003 est.) |
Suffrage | 18 years of age; universal | 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) |
general assessment: worldwide telephone service
domestic: NA international: submarine cable to Bermuda |
Telephones - main lines in use | 133,100 (2005) | 10,000 (1996) |
Telephones - mobile cellular | 227,800 (2005) | NA |
Television broadcast stations | 2 (2006) | 1 (plus one cable company) (1997) |
Terrain | long, flat coral formations with some low rounded hills | coral islands relatively flat; volcanic islands steep, hilly |
Total fertility rate | 2.15 children born/woman (2007 est.) | 1.72 children born/woman (2003 est.) |
Unemployment rate | 7.6% (2006 est.) | 3% (1995) |
Waterways | - | none |