The Bahamas
The Bahamas

Geography                 Economy                 Defense Forces
People Transportation Government
Communications History Travel

GEOGRAPHY

Location

Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida

Area

Land Boundaries

0 km

Coastline

3,542 km

Maritime Claims

International Disputes

None

Climate

Tropical marine; moderated by warm waters of Gulf Stream

Terrain

Long, flat coral formations with some low rounded hills
lowest point: Atlantic Ocean 0 m
highest point: Mount Alvernia 63 m

Natural Resources

Land Use

Irrigated Land

NA

Environment

Note: Strategic location adjacent to U.S. and Cuba; extensive island chain

PEOPLE

Population

259,367 (July 1996 est.)
256,616 (July 1995 est.)

Age Structure

0-14 Years

28% (male 36,331; female 35,771) (July 1996 est.)
28% (male 36,504; female 35,924) (July 1995 est.)

15-64 Years

67% (male 84,107; female 89,193) (July 1996 est.)
66% (male 82,780; female 87,868) (July 1995 est.)

65 Years and Over

5% (male 5,449; female 8,516) (July 1996 est.)
6% (male 5,293; female 8,247) (July 1995 est.)

Population Growth Rate

1.05% (1996 est.)
1.09% (1995 est.)

Birth Rate

18.73 births/1,000 population (1996 est.)
19.23 births/1,000 population (1995 est.)

Death Rate

5.74 deaths/1,000 population (1996 est.)
5.79 deaths/1,000 population (1995 est.)

Net Migration Rate

-2.54 migrant(s)/1,000 population (1996 est.)
-2.56 migrant(s)/1,000 population (1995 est.)

Sex ratio

at birth: 1.02 male(s)/female
under 15 years: 1.02 male(s)/female
15-64 years: 0.94 male(s)/female
65 years and over: 0.64 male(s)/female
all ages: 0.94 male(s)/female (1996 est.)

Infant Mortality Rate

23.3 deaths/1,000 live births (1996 est.)
24.3 deaths/1,000 live births (1995 est.)

Life Expectancy at Birth

Total Fertility Rate

1.97 children born/woman (1996 est.)
2.01 children born/woman (1995 est.)

Nationality

Ethnic Divisions

Religions

Languages

English, Creole (among Haitian immigrants)

Literacy

Age 15 and over can read and write but definition of literary not available (1995 est.)

Labor Force

136,900 (1993)

By occupation:

GOVERNMENT

Names

Digraph

BF

Type

Commonwealth

Capital

Nassau

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, Nicholls Town and Berry Islands, Ragged Island, Rock Sound, Sandy Point, San Salvador and Rum Cay

Independence

10 July 1973 (from U.K.)

National Holiday

National Day, 10 July (1973)

Constitution

10 July 1973

Legal System

Based on English common law

Suffrage

18 years of age; universal

Executive Branch

Legislative Branch

Bicameral Parliament

Senate

A 16-member body appointed by the governor general

House of Assembly

Elections last held 19 August 1992 (next to be held by August 1997); results - percent of vote by party NA; seats - (49 total) FNM 32, PLP 17

Judicial Branch

Supreme Court

Political Parties and Leaders

Progressive Liberal Party (PLP), Sir Lynden O. PINDLING; Free National Movement (FNM), Hubert Alexander INGRAHAM;

Member of

ACP, C, Caricom, CCC, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, NAM, OAS, OPANAL, UN, UNCTAD, UNESCO, UNIDO, UNMIH, UPU, WHO, WIPO, WMO

National Anthem

Flag

Three equal horizontal bands of aquamarine (top), gold, and aquamarine with a black equilateral triangle based on the hoist side

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 50% of GDP and directly or indirectly employs 40% of the archipelago's labor force. A slowdown in the expansion of the tourism sector - especially stopover travel from Europe - led to a reduction in the country's GDP growth rate in 1995, down to an estimated 2% from 3.5% in 1994. The construction sector benefited from hotel rehabilitation and the government's ongoing housing development program. Earnings from exports of vegetable and citrus production have been decreasing since 1993 but are expected to increase in 1996 due to storm damage to crops in Florida. The overall growth prospects through 1996 will depend heavily on the fortunes of the tourism sector and continued income growth in the US, which accounts for the majority of tourist visits.

National Product

GDP - purchasing power parity - $4.8 billion (1995 est.); $4.4 billion (1994 est.)

National Product Real Growth Rate

2% (1995 est.)
3.5% (1994 est.)

National Product Per Capita

$18,700 (1995 est.)
$15,900 (1994 est.)

Inflation Rate (consumer Prices)

1.5% (1994)
2.7% (1994)

Unemployment Rate

15% (1995 est.)
13.1% (1993)

Budget

Exports

$224.257 million (f.o.b., 1994)
$257 million (f.o.b., 1993 est.)

Commodities:

Partners:

Imports

$1.08 billion (c.i.f., 1994)
$1.15 billion (f.o.b,,1993 est.)

Commodities:

Partners:

External Debt

$407.8 million (December 1994)
$455 million (December 1993)

Industrial Production

Growth rate 3% (1990); accounts for 35% of GDP

Electricity

Industries

Agriculture

Accounts for 3% of GDP; dominated by small-scale producers; principal products - citrus fruit, vegetables, poultry; large net importer of food

Illicit Drugs

Transshipment point for cocaine and marijuana bound for U.S. and Europe; also a money-laundering center

Economic Aid

Currency

1 Bahamian dollar (B$) = 100 cents

Exchange Rates

Bahamian dollar (B$) per US$1 - 1.00 (fixed rate)

Fiscal Year

1 July - 30 June

TRANSPORTATION

Railroads

0 km

Highways

Ports

Freeport, Matthew Town, Nassau

Merchant Marine

Note: A flag of convenience registry; includes ships from 48 countries among which are Norway 155, Greece 124, U.S. 84, Denmark 63, Netherlands 44, Sweden 36, Finland 34, France 29, Japan 29 and Belgium 24 (1995 est.)

Airports

COMMUNICATIONS

Telephone System

119,000 telephones (1987 est.); totally automatic system; highly developed

Radio

Television

DEFENSE FORCES

Branches

Royal Bahamas Defense Force (Coast Guard only), Royal Bahamas Police Force

Manpower availability

NA

Defense Expenditures

Exchange rate conversion - $20 million, 3.8% of GDP (FY95/96); $65 million, 2.7% of GDP (1990)

History
World Atlas