The Bahamas
Commonwealth of The Bahamas
constitutional parliamentary democracyIndependence 10 July 1973 (from UK)
The Bahamas as the 2004 edition of the CIA World Factbook published it: 112 fields, one of 36 editions from 1990 to 2025.
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Introduction
1 fieldBackground
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.
Geography
Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba
18 fieldsLand useshare of 13,940 sq km
Location
Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba
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
Geography - note
strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited
People
19 fieldsNote
Per 1,000 population(2004 est.)
Male · female
Age structure
- 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.)
Sex ratio
- 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.)
Government
Constitutional parliamentary democracy; Queen ELIZABETH II (since 6 February 1952), represented by Governor General Dame Ivy DUMONT (since NA May 2002); Prime Minister Perry CHRISTIE (since 3 May 2002) and Deputy Prime Minister Cynthia PRATT (since 7 May 2002)
18 fieldsPresidential electionpercent of vote
Legislature, 40 seats, elected 1 May 2002one dot, one seat
Percent of vote
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
Executive branch
- 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
Legislative branch
- 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
Political parties and leaders
Free National Movement or FNM [Tommy TURNQUEST]; Progressive Liberal Party or PLP [Perry CHRISTIE]
International organization participation
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)
Diplomatic representation in the US
- 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
Diplomatic representation from the US
- 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
Flag description
three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side
Economy
The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking.
35 fieldsGDP - composition by sector(2001 est.)
Trading partnersexports left, imports right
Electricity
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 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.
Industries
tourism, banking, e-commerce, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe
Imports - commodities
machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals
Communications
8 fieldsTelephone system
- 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)
Transportation
7 fieldsAirports by runway lengthpaved left, unpaved right
Merchant marine
- 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
Royal Bahamas Defense Force (including Coast Guard)
4 fieldsTransnational Issues
2 fieldsDisputes - international
concerned about migrants fleeing Haiti's deteriorated economic and political conditions
Illicit drugs
transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center
Cite this entry
Central Intelligence Agency. “Bahamas, The.” The World Factbook 2004. Archived by The Factbook, thefactbook.org/bahamas/2004.