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Compare Bahamas, The (2008) - British Virgin Islands (2003)

Compare Bahamas, The (2008) z British Virgin Islands (2003)

 Bahamas, The (2008)British Virgin Islands (2003)
 Bahamas, TheBritish Virgin Islands
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
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