The Bahamas
Commonwealth of The Bahamas
constitutional parliamentary democracyIndependence 10 July 1973 (from UK)
The Bahamas as the 2008 edition of the CIA World Factbook published it: 126 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
19 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
20 fieldsAge structuremale left, female right · (2008 est.)
Note
Per 1,000 population(2008 est.)
Male · female
Religions(2000 census)
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 (2008 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:
- 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 held by May 2012)
- election results:
- percent of vote by party - FNM 49.86%, PLP 47.02%; seats by party - FNM 23, PLP 18
Judicial branch
- Privy Council in London;
- Courts of Appeal;
- Supreme (lower) Court;
- Magistrates' Courts
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, IDA, IFAD, 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, WFTU, WHO, WIPO, WMO, WTO (observer)
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
Diplomatic representation from the US
- chief of mission:
- Ambassador Ned L. SIEGEL
- embassy:
- 42 Queen Street, Nassau, New Providence
- 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, 328-2206 (after hours)
- FAX:
- [1] (242) 328-2206
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 one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking.
45 fieldsGDP - composition by sector(2001 est.)
Trading partnersexports left, imports right
Electricity
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.
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
Exchange rates
Bahamian dollars (BSD) per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003)
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 stations - 2 (2007)
Transportation
7 fieldsAirports by runway lengthpaved left, unpaved right
Merchant marine
- total:
- 1,223
- by type:
- barge carrier 1, bulk carrier 210, cargo 226, carrier 2, chemical tanker 88, combination ore/oil 12, container 65, liquefied gas 77, passenger 109, passenger/cargo 35, petroleum tanker 209, refrigerated cargo 119, roll on/roll off 16, specialized tanker 3, vehicle carrier 51
- foreign-owned:
- 1,150 (Angola 6, Belgium 15, Bermuda 12, Brazil 2, Canada 84, China 10, Croatia 1, Cuba 1, Cyprus 25, Denmark 67, Finland 9, France 30, Germany 44, Greece 209, Hong Kong 30, Iceland 1, Indonesia 2, Ireland 2, Isle of Man 1, Italy 4, Japan 87, Jordan 2, Kenya 1, Malaysia 13, Monaco 15, Montenegro 2, Netherlands 9, Nigeria 2, Norway 189, Poland 17, Russia 4, Saudi Arabia 16, Singapore 17, Slovenia 1, South Africa 1, Spain 14, Sweden 4, Switzerland 1, Thailand 5, Trinidad and Tobago 1, Turkey 8, UAE 23, UK 56, US 106, Venezuela 1)
- registered in other countries:
- 12 (Bolivia 1, Panama 9, Peru 1, Portugal 1) (2008)
Military
Royal Bahamian Defense Force: Land Force, Navy, Air Wing (2007)
6 fieldsTransnational Issues
2 fieldsDisputes - international
- disagrees with the US on the alignment the northern axis of a potential maritime boundary;
- continues to monitor and interdict drug dealers and Haitian and Cuban 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 2008. Archived by The Factbook, thefactbook.org/bahamas/2008.