ARCHIVE // BS // 1997
Bahamas, The
1997 Edition — sovereign
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Communications
Broadcast media
(Radio broadcast stations)
[time series]
AM 3, FM 2, shortwave 0
Radios
[time series]
200,000 (1993 est.)
Telecommunication systems
(Telephone system)
[time series]
domestic : totally automatic system; highly developed international: tropospheric scatter and submarine cable to Florida; 3 coaxial submarine cables; satellite earth station - 1 Intelsat (Atlantic Ocean)
Telephones - fixed lines
(Telephones)
[time series]
119,000 (1987 est.)
Broadcast media
(Television broadcast stations)
[time series]
1 (1986 est.)
Televisions
[time series]
60,000 (1993 est.)
Economy
Agricultural products
(Agriculture - products)
[time series]
citrus, vegetables; poultry
Budget
[time series]
revenues: $665 million expenditures: $725 million, including capital expenditures of $94 million (FY95/96 est.)
Exchange rates
(Currency)
[time series]
1 Bahamian dollar (B$) = 100 cents
Debt - external
[time series]
$393 million (1995)
Economic aid
[time series]
$NA
Economic overview
(Economy - overview)
[time series]
The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 50% of GDP and directly or indirectly employs 40% of the archipelago's labor force. A slowdown in the expansion of the tourism sector - especially stopover travel from Europe - led to a reduction in the country's GDP growth rate in 1995, down to an estimated 2% from 3.5% in 1994. The construction sector benefited from hotel rehabilitation and the government's ongoing housing development program. Earnings from exports of vegetable and citrus production have been decreasing since 1993 but were expected to increase in 1996 due to storm damage to crops in Florida. Overall growth prospects in the short run will depend heavily on the fortunes of the tourism sector and continued income growth in the US, which accounts for the majority of tourist visits.
Electricity - capacity
[time series]
267,000 kW (1993)
Electricity - consumption per capita
[time series]
2,717 kWh (1993)
Electricity - production
[time series]
874 million kWh (1993)
Exchange rates
[time series]
Bahamian dollar (B$) per US$1 - 1.00 (February 1997; fixed rate)
Exports
[time series]
total value: $267.5 million (f.o.b., 1995) commodities: pharmaceuticals, cement, rum, crawfish, refined petroleum products partners: US 24%, Spain 14%, UK 7%, Norway 7%, France 6%, Italy 5% (1995 est.)
Fiscal year
[time series]
1 July - 30 June
Real GDP (purchasing power parity)
(GDP)
[time series]
purchasing power parity - $4.8 billion (1995 est.)
GDP - composition, by sector of origin
(GDP - composition by sector)
[time series]
agriculture : 3% industry: 6% services: 91% (1994)
Real GDP per capita
(GDP - per capita)
[time series]
purchasing power parity - $18,700 (1995 est.)
Real GDP growth rate
(GDP - real growth rate)
[time series]
2% (1995 est.)
Imports
[time series]
total value : $1.17 billion (f.o.b., 1995) commodities: foodstuffs, manufactured goods, crude oil, vehicles, electronics partners : US 29%, Finland 10%, Iran 10%, Denmark 8%
Industrial production growth rate
[time series]
NA%
Industries
[time series]
tourism, banking, cement, oil refining and transshipment, salt production, rum, aragonite, pharmaceuticals, spiral-welded steel pipe
Inflation rate (consumer prices)
(Inflation rate - consumer price index)
[time series]
2.1% (1995)
Labor force
[time series]
total: 136,900 (1993) by occupation : government 30%, tourism 40%, business services 10%, agriculture 5% (1995 est.)
Unemployment rate
[time series]
15% (1995 est.)
Geography
Area
[time series]
total: 13,940 sq km land: 10,070 sq km water : 3,870 sq km
Area - comparative
[time series]
slightly smaller than Connecticut
Climate
[time series]
tropical marine; moderated by warm waters of Gulf Stream
Coastline
[time series]
3,542 km
Elevation
(Elevation extremes)
[time series]
lowest point : Atlantic Ocean 0 m highest point: Mount Alvernia 63 m
Environment - current issues
[time series]
coral reef decay
International environmental agreements
(Environment - international agreements)
[time series]
party to: Biodiversity, Climate Change, Endangered Species, Hazardous Wastes, Law of the Sea, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Whaling signed, but not ratified: none of the selected agreements
Geographic coordinates
[time series]
24 15 N, 76 00 W
Geography - note
[time series]
strategic location adjacent to US and Cuba; extensive island chain
Irrigated land
[time series]
NA sq km
Land boundaries
[time series]
0 km
Land use
[time series]
arable land : 1% permanent crops: 0% permanent pastures: 0% forests and woodland: 32% other : 67% (1993 est.)
Location
[time series]
Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida
Map references
[time series]
Central America and the Caribbean
Maritime claims
[time series]
continental shelf: 200-m depth or to the depth of exploitation (measured from the archipelagic straight baselines) exclusive economic zone: 200 nm territorial sea: 12 nm
Natural hazards
[time series]
hurricanes and other tropical storms that cause extensive flood and wind damage
Natural resources
[time series]
salt, aragonite, timber
Terrain
[time series]
long, flat coral formations with some low rounded hills
Government
Administrative divisions
[time series]
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
Constitution
[time series]
10 July 1973
Country name
[time series]
conventional long form : Commonwealth of The Bahamas conventional short form: The Bahamas
Data code
[time series]
BF
Diplomatic representation from the US
[time series]
chief of mission: Ambassador Sidney WILLIAMS embassy: Queen Street, Nassau mailing address: P. O. Box N-8197, Nassau; American Embassy, Nassau, P.O. Box 9009, Miami, FL 33159; Nassau, Department of State, Washington, DC 20521-3370 (pouch) telephone: [1] (242) 322-1181, 328-2206
Diplomatic representation in the US
[time series]
chief of mission: Ambassador Arlington Griffith BUTLER chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008 telephone : [1] (202) 319-2660
Executive branch
[time series]
chief of state: Queen ELIZABETH II of the UK (since 6 February 1952), represented by Governor General Sir Orville TURNQUEST (since 2 January 1995) head of government: Prime Minister Hubert Alexander INGRAHAM (since 19 August 1992) and Deputy Prime Minister Frank WATSON (since December 1994) cabinet: Cabinet appointed by the governor general on the prime minister's recommendation elections : none; the queen is a hereditary monarch; governor general appointed by the queen; prime minister and deputy prime minister appointed by the governor general
Diplomatic representation in the US
(FAX)
[time series]
[1] (202) 319-2668 consulate(s) general : Miami and New York
Diplomatic representation in the US
(FAX)
[time series]
[1] (242) 328-7838
Flag
(Flag description)
[time series]
three equal horizontal bands of aquamarine (top), gold, and aquamarine with a black equilateral triangle based on the hoist side
Government type
[time series]
commonwealth
Independence
[time series]
10 July 1973 (from UK)
International organization participation
[time series]
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, UPU, WHO, WIPO, WMO, WTrO (applicant)
Judicial branch
[time series]
Supreme Court
Legal system
[time series]
based on English common law
Legislative branch
[time series]
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 a five-year term) and the House of Assembly (40 seats; members elected by direct popular vote to serve five-year terms) elections: last held 14 March 1997 (next to be held by March 2002) election results: percent of vote by party - NA; seats by party - FNM 34, PLP 6
Capital
(National capital)
[time series]
Nassau
National holiday
[time series]
National Day, 10 July (1973)
Political parties
(Political parties and leaders)
[time series]
Progressive Liberal Party or PLP [Perry CHRISTIE]; Free National Movement or FNM [Hubert Alexander INGRAHAM]
Suffrage
[time series]
18 years of age; universal
Military
Military and security forces
(Military branches)
[time series]
Royal Bahamas Defense Force (Coast Guard only), Royal Bahamas Police Force
Military expenditures - dollar figure
[time series]
$20 million (FY95/96)
Military expenditures
(Military expenditures - percent of GDP)
[time series]
3.8% (FY95/96)
Military manpower - availability
[time series]
males age 15-49: NA
Military manpower - fit for military service
[time series]
males : NA
People
Age structure
[time series]
0-14 years: 28% (male 39,280; female 38,755) 15-64 years: 66% (male 89,483; female 93,479) 65 years and over : 6% (male 6,209; female 8,735) (July 1997 est.)
Birth rate
[time series]
21.47 births/1,000 population (1997 est.)
Death rate
[time series]
5.45 deaths/1,000 population (1997 est.)
Ethnic groups
[time series]
black 85%, white 15%
Infant mortality rate
[time series]
19.6 deaths/1,000 live births (1997 est.)
Languages
[time series]
English, Creole (among Haitian immigrants)
Life expectancy at birth
[time series]
total population: 73.75 years male: 70.36 years female : 77.2 years (1997 est.)
Literacy
[time series]
definition: age 15 and over can read and write but definition of literacy not available total population: 98.2% male: 98.5% female: 98% (1995 est.)
Nationality
[time series]
noun: Bahamian(s) adjective: Bahamian
Net migration rate
[time series]
-1.88 migrant(s)/1,000 population (1997 est.)
Population
[time series]
275,941 (July 1997 est.)
Population growth rate
[time series]
1.41% (1997 est.)
Religions
[time series]
Baptist 32%, Anglican 20%, Roman Catholic 19%, Methodist 6%, Church of God 6%, other Protestant 12%, none or unknown 3%, other 2%
Sex ratio
[time series]
at birth: 1.02 male(s)/female under 15 years : 1.01 male(s)/female 15-64 years: 0.96 male(s)/female 65 years and over: 0.71 male(s)/female total population: 0.96 male(s)/female (1997 est.)
Total fertility rate
[time series]
2.36 children born/woman (1997 est.)
Transnational Issues
Disputes - international
[time series]
none
Illicit drugs
[time series]
transshipment point for cocaine and marijuana bound for US and Europe; banking industry vulnerable to money-laundering BAHRAIN
Transportation
Airports
[time series]
54 (1996 est.)
Airports - with paved runways
[time series]
total : 47 over 3,047 m: 2 2,438 to 3,047 m: 1 1,524 to 2,437 m: 15 914 to 1,523 m: 12 under 914 m: 17 (1996 est.)
Airports - with unpaved runways
[time series]
total: 7 914 to 1,523 m: 7 (1996 est.)
Roadways
(Highways)
[time series]
total: 2,450 km paved: 1,406 km unpaved: 1,044 km (1995 est.)
Merchant marine
[time series]
total: 988 ships (1,000 GRT or over) totaling 23,690,478 GRT/37,428,826 DWT ships by type: bulk 176, cargo 205, chemical tanker 41, combination bulk 7, combination ore/oil 23, container 56, liquefied gas tanker 21, oil tanker 184, passenger 47, refrigerated cargo 150, roll-on/roll-off cargo 53, short-sea passenger 11, vehicle carrier 14 note: a flag of convenience registry; includes ships from 46 countries among which are Norway 157, Greece 146, UK 128, US 69, Denmark 51, Sweden 34, Finland 32, Belgium 29, Japan 27, and Monaco 27; Bahamas owns 10 additional ships (1,000 GRT or over) totaling 256,379 DWT that operate under Panamanian and Cypriot registry (1996 est.)
Ports
(Ports and harbors)
[time series]
Freeport, Matthew Town, Nassau
Railways
[time series]
0 km