The Bahamas
Commonwealth of The Bahamas
constitutional parliamentary democracyIndependence 10 July 1973 (from UK)
The Bahamas as the 2007 edition of the CIA World Factbook published it: 118 fields, one of 36 editions from 1990 to 2025.
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Introduction
1 fieldBackground
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.
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 fieldsAge structuremale left, female right · (2007 est.)
Note
Per 1,000 population(2007 est.)
Male · female
Religions(2000 census)
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.)
Government
Constitutional parliamentary democracy; Queen ELIZABETH II (since 6 February 1952); Prime Minister Hubert A. INGRAHAM (since 4 May 2007)
18 fieldsPresidential electionpercent of vote
Legislature, 41 seats, elected 2 May 2007one dot, one seat
Percent of vote
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
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 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
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
Political parties and leaders
Free National Movement or FNM [Hubert INGRAHAM]; 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, IMSO, Interpol, IOC, IOM, ITSO, ITU, MIGA, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer)
Diplomatic representation in the US
- chief of mission:
- vacant
- chancery:
- 2220 Massachusetts Avenue NW, Washington, DC 20008
- telephone:
- [1] (202) 319-2660
- FAX:
- [1] (202) 319-2668
- consulate(s) general:
- Miami, New York
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
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.
39 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 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 the slowdown in the US economy and the attacks of 11 September 2001 held back growth in these sectors in 2001-03. The current government has presided over a period of economic recovery and an upturn in large-scale private sector investments in tourism.
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.
Industries
tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe
Exports - commodities
mineral products and salt, animal products, rum, chemicals, fruit and vegetables
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;
- 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)
Transportation
7 fieldsAirports by runway lengthpaved left, unpaved right
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)
Military
Royal Bahamian Defense Force: Land Force, Navy, Air Wing (2007)
6 fieldsTransnational Issues
2 fieldsDisputes - 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
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 2007. Archived by The Factbook, thefactbook.org/bahamas/2007.