British Virgin Islands (2002) | Bahamas, The (2008) | |
Administrative divisions | none (overseas territory of the UK) | 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: 22.4% (male 2,401; female 2,351)
15-64 years: 72.7% (male 7,962; female 7,509) 65 years and over: 4.9% (male 565; female 484) (2002 est.) |
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 | fruits, vegetables; livestock, poultry; fish | citrus, vegetables; poultry |
Airports | 3 (2001) | 62 (2007) |
Airports - with paved runways | total: 2
914 to 1,523 m: 1 under 914 m: 1 (2002) |
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: 1
914 to 1,523 m: 1 (2002) |
total: 38
1,524 to 2,437 m: 5 914 to 1,523 m: 11 under 914 m: 22 (2007) |
Area | 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 |
total: 13,940 sq km
land: 10,070 sq km water: 3,870 sq km |
Area - comparative | about 0.9 times the size of Washington, DC | slightly smaller than Connecticut |
Background | 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. | 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 | 15.09 births/1,000 population (2002 est.) | 17.3 births/1,000 population (2007 est.) |
Budget | revenues: $121.5 million
expenditures: $115.5 million, including capital expenditures of $NA (1997) |
revenues: $1.03 billion
expenditures: $1.03 billion (FY04/05) |
Capital | Road Town | 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 | subtropical; humid; temperatures moderated by trade winds | tropical marine; moderated by warm waters of Gulf Stream |
Coastline | 80 km | 3,542 km |
Constitution | 1 June 1977 | 10 July 1973 |
Country name | conventional long form: none
conventional short form: British Virgin Islands abbreviation: BVI |
conventional long form: Commonwealth of The Bahamas
conventional short form: The Bahamas |
Currency | US dollar (USD) | - |
Death rate | 4.42 deaths/1,000 population (2002 est.) | 9.13 deaths/1,000 population (2007 est.) |
Debt - external | $36.1 million (1997) | $342.6 million (2004 est.) |
Dependency status | overseas territory of the UK; internal self-governing | - |
Diplomatic representation from the US | none (overseas territory of the UK) | 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 | none (overseas territory of the UK) | 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 | none | 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 | NA | $4.78 million (2004) |
Economy - overview | 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. 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. | 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 | 39.1 million kWh (1999) | 1.762 billion kWh (2005) |
Electricity - exports | 0 kWh (1999) | 0 kWh (2005) |
Electricity - imports | 0 kWh (1999) | 0 kWh (2005) |
Electricity - production | 42 million kWh (1999) | 1.894 billion kWh (2005) |
Electricity - production by source | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (1999) |
- |
Elevation extremes | lowest point: Caribbean Sea 0 m
highest point: Mount Sage 521 m |
lowest point: Atlantic Ocean 0 m
highest point: Mount Alvernia, on Cat Island 63 m |
Environment - current issues | 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) | 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 83%, white, Indian, Asian and mixed | black 85%, white 12%, Asian and Hispanic 3% |
Exchange rates | the US dollar is used | 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 Tom MACAN (since 14 October 2002)
head of government: Chief Minister Ralph T. O'NEAL (since 15 May 1995) 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 |
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 | $6.2 million | transshipments of 41,290 bbl/day (2004) |
Exports - commodities | rum, fresh fish, fruits, animals; gravel, sand | mineral products and salt, animal products, rum, chemicals, fruit and vegetables |
Exports - partners | Virgin Islands (US), Puerto Rico, US | Spain 22.3%, US 19.8%, Poland 13.5%, Germany 13%, UK 5.7%, Guatemala 4.9% (2006) |
Fiscal year | 1 April - 31 March | 1 July - 30 June |
Flag description | 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) | three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side |
GDP | purchasing power parity - $311 million (2000 est.) | - |
GDP - composition by sector | agriculture: 2%
industry: 6% services: 92% (1996 est.) |
agriculture: 3%
industry: 7% services: 90% (2001 est.) |
GDP - per capita | purchasing power parity - $16,000 (2000 est.) | - |
GDP - real growth rate | 4.4% (2000 est.) | 2.8% (2007 est.) |
Geographic coordinates | 18 30 N, 64 30 W | 24 15 N, 76 00 W |
Geography - note | strong ties to nearby US Virgin Islands and Puerto Rico | strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited |
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%: NA% |
lowest 10%: NA%
highest 10%: 27% (2000) |
Illicit drugs | transshipment point for South American narcotics destined for the US and Europe; large offshore financial center | transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center |
Imports | $230 million (2000 est.) | 68,250 bbl/day (2004) |
Imports - commodities | building materials, automobiles, foodstuffs, machinery | machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals |
Imports - partners | Virgin Islands (US), Puerto Rico, US | US 24.7%, Brazil 15.7%, Japan 13.1%, South Korea 7.8%, Spain 6.2% (2006) |
Independence | none (overseas territory of the UK) | 10 July 1973 (from UK) |
Industrial production growth rate | 4% (1985) | NA% |
Industries | tourism, light industry, construction, rum, concrete block, offshore financial center | tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe |
Infant mortality rate | 19.55 deaths/1,000 live births (2002 est.) | 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) | 3.3% (2000) | 2.4% (2007 est.) |
International organization participation | Caricom (associate), CDB, ECLAC (associate), Interpol (subbureau), IOC, OECS (associate), UNESCO (associate) | 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) |
Internet Service Providers (ISPs) | 16 (2000) | - |
Irrigated land | NA sq km | 10 sq km (2003) |
Judicial branch | 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 | Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts |
Labor force | 4,911 (1980) | 181,900 (2006) |
Labor force - by occupation | agriculture NA%, industry NA%, services NA% | agriculture 5%, industry 5%, tourism 50%, other services 40% (2005 est.) |
Land boundaries | 0 km | 0 km |
Land use | arable land: 20%
permanent crops: 6.67% other: 73.33% (1998 est.) |
arable land: 0.58%
permanent crops: 0.29% other: 99.13% (2005) |
Languages | English (official) | English (official), Creole (among Haitian immigrants) |
Legal system | English law | based on English common law |
Legislative branch | 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 17 May 1999 (next to be held NA 2003) election results: percent of vote by party - NA%; seats by party - VIP 7, CCM 1, NDP 5 |
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: 75.85 years
male: 74.9 years female: 76.84 years (2002 est.) |
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: 97.8% (1991 est.) male: NA% female: NA% |
definition: age 15 and over can read and write
total population: 95.6% male: 94.7% female: 96.5% (2003 est.) |
Location | Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico | Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba |
Map references | Central America and the Caribbean | Central America and the Caribbean |
Maritime claims | exclusive fishing zone: 200 NM
territorial sea: 3 NM |
territorial sea: 12 nm
exclusive economic zone: 200 nm |
Merchant marine | total: 1 ship (1,000 GRT or over) totaling 70,285 GRT/6,946 DWT
ships by type: passenger 1 (2002 est.) |
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 - 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 | Territory Day, 1 July | Independence Day, 10 July (1973) |
Nationality | noun: British Virgin Islander(s)
adjective: British Virgin Islander |
noun: Bahamian(s)
adjective: Bahamian |
Natural hazards | hurricanes and tropical storms (July to October) | hurricanes and other tropical storms cause extensive flood and wind damage |
Natural resources | NEGL | salt, aragonite, timber, arable land |
Net migration rate | 10.91 migrant(s)/1,000 population (2002 est.) | -2.15 migrant(s)/1,000 population (2007 est.) |
Political parties and leaders | 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] | Free National Movement or FNM [Hubert INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE] |
Political pressure groups and leaders | NA | NA |
Population | 21,272 (July 2002 est.) | 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 | NA% | 9.3% (2004) |
Population growth rate | 2.16% (2002 est.) | 0.602% (2007 est.) |
Ports and harbors | Road Town | - |
Radio broadcast stations | AM 1, FM 4, shortwave 0 (1998) | AM 3, FM 5, shortwave 0 (2006) |
Radios | 9,000 (1997) | - |
Railways | 0 km | - |
Religions | Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 2%), Roman Catholic 10%, none 2%, other 2% (1991) | 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: 1.04 male(s)/female
under 15 years: 1.02 male(s)/female 15-64 years: 1.06 male(s)/female 65 years and over: 1.17 male(s)/female total population: 1.06 male(s)/female (2002 est.) |
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 | 18 years of age; universal |
Telephone system | general assessment: worldwide telephone service
domestic: NA international: submarine cable to Bermuda |
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 | 10,000 (1996) | 133,100 (2005) |
Telephones - mobile cellular | NA | 227,800 (2005) |
Television broadcast stations | 1 (plus one cable company) (1997) | 2 (2006) |
Terrain | coral islands relatively flat; volcanic islands steep, hilly | long, flat coral formations with some low rounded hills |
Total fertility rate | 1.72 children born/woman (2002 est.) | 2.15 children born/woman (2007 est.) |
Unemployment rate | 3% (1995) | 7.6% (2006 est.) |
Waterways | none | - |