Bahamas Location:
Capital
(and largest city) Nassau
25°42 N, 77°202 W
Bahamas Geography:
The closest island to the United States is Bimini, which also known as the gateway to the Bahamas. The island of Abaco is to the east of Grand Bahama. The most southeastern island is Great Inagua. Other notable islands include the Bahamas' largest island, Andros Island, and Eleuthera, Cat Island, Long Island, San Salvador Island, Acklins, Crooked Island, Exuma and Mayaguana. Nassau, The Bahamas capital city, lies on island of New Providence.
To the southeast, the Turks and Caicos Islands, and three more extensive submarine features called Mouchoir Bank, Silver Bank, and Navidad Bank, are geographically a continuation of the Bahamas, but not part of the Commonwealth of the Bahamas.
The climate of the Bahamas is subtropical to tropical, and is moderated significantly by the waters of the Gulf Stream, particularly in winter. Conversely, this often proves very dangerous in the summer and autumn, when hurricanes pass near or through the islands. Hurricane Andrew hit the northern islands in 1992 Atlantic hurricane season 1992, and Hurricane Floyd hit most of the islands in 1999 Atlantic hurricane season 1999. Hurricane Frances in 2004 the Atlantic hurricane season of 2004 was expected to be the worst ever for the islands. Also in 2004, the northern Bahamas were hit by a less potent Hurricane Jeanne. In 2005 the northern islands were once again struck, this time by Hurricane Wilma. In Grand Bahama, tidal surges and high winds destroyed homes and schools, floated graves and made roughly 1,000 people homeless, most of whom lived on the west coast of the island. They are still recoving to this day.
Bahamas People:
Population
- 2003 estimate 323,0001 (177th)
- 1990 census 254,685
- Density 23.27 /km2 (181st)
60 /sq mi
Bahamas Government:
Government Commonwealth
- Monarch Elizabeth II
- Governor-General Arthur Dion Hanna
- Prime Minister Hubert Ingraham
The Bahamas is an independent country and a member of the Commonwealth of Nations. Political and legal traditions closely follow those of the United Kingdom.
The non-resident Queen of the Bahamas is the ceremonial head of state, represented by a Bahamian governor-general. The Prime Minister is the head of government and is the leader of the party with the most seats in the elected House of Assembly. The current Governor General is Arthur Dion Hanna and the current Prime Minister is Hubert Ingraham. The upper house (the Senate) is appointed. Executive power is exercised by the cabinet. Legislative power is vested in both the government and the two chambers of parliament.
The party system is dominated by the centre-left Progressive Liberal Party and the centre-right Free National Movement. A handful of splinter parties have been unable to win election to parliament. These parties include the Bahamas Democratic Movement, the Coalition for Democratic Reform and the Bahamian Nationalist Party.
Bahamas Economy:
In the mid-1980s, the Bahamas was classified as an upper middle-income developing country and ranked among the wealthiest nations in the Caribbean region. Tourism was the nation's primary economic activity. In 1986 the World Bank reported that tourism directly and indirectly accounted for approximately 50 percent of employment. Tourism's share of the gross domestic product (GDP--see Glossary) was estimated at 70 percent by the United States Department of Commerce.
In order to lessen the economy's dependency on tourism, the government has followed a policy of diversification since the 1970s, emphasising development in the industrial and agricultural sectors. Success, however, has been limited. The nation experienced setbacks in the early 1980s with the closing of steel and cement plants and oil refineries. Because industries locating in the Bahamas tended to be capital intensive, the industrial sector's share of the labor force was estimated at just 6 percent in 1979. Industry's share of GDP was estimated at about 10 percent in the mid-1980s. The agricultural sector (including fishing) also employed only about 6 percent of the labour force in the early 1980s. Despite various programs to boost production, the World Bank estimated that agriculture in the Bahamas accounted for less than 5 percent of GDP in 1986. The nation's banking and finance sector experienced significant growth in the 1970s and 1980s. This sector contributed approximately 7 percent to GDP in the mid-1980s but employed only about 3,000 Bahamians.
The overall performance of the economy during the past several decades has been positive. In the 1960s, the country recorded robust economic growth; growth rates averaged 9 percent annually as direct foreign investment spurred the development of tourism. Economic performance in the 1970s was not as successful. The international economic recession caused a reduction in investment, especially after the 1973 and 1979 oil price shocks. Bahamian independence in 1973 also caused a certain amount of uncertainty, contributing further to reduced foreign investment. Toward the end of the decade, however, economic performance improved, led by growth in tourism; investment soon followed suit, resulting in a boom in the construction sector and an increase in employment levels.
The economy continued to perform well in the early and mid1980s. Real GDP growth in the 1980-84 period averaged 3 percent. The only notable setback occurred in 1981, when recession in the United States resulted in a decline in stopover visitors (hotel occupants rather than cruise ship or day visitors) and the manufacturing sector was hurt by the closing of several plants; real GDP for that year fell by 9 percent. Tourism recovered quickly, however. In 1982 about 1.7 million foreign tourists visited the Bahamas, and by 1986 that figure had grown to 3 million. GDP was US$1.8 billion in 1985, and per capita GDP was estimated at US$7,822.
The nation was not without economic problems. Growth and development were not uniform throughout the country. Most development occurred in New Providence and Grand Bahama, causing significant migration from the Family Islands to these two urban centres. This migration strained the infrastructure and social sectors of New Providence and Grand Bahama. The government also was faced with the heavy burden of spreading facilities and services throughout the Family Islands. A second problem of the Bahamian economy was its dependence on a single sector, tourism; that sector's well-being was in turn affected by the economy in the United States, the source of most tourists. To reduce this dependency, the government actively pursued a policy of diversification. Finally, the country was afflicted with the problem of structural unemployment; in 1986 unemployment levels were estimated in the 17- to 22-percent range. Industrial development tended to be capital intensive because of a high wage structure and a scarcity of technically skilled labour.
Bahamas More Information:
http://en.wikipedia.org/wiki/Bahamas | 
