Literacy:
definition: age 15 and over can read and write
total population: 95.6%
male: 94.7%
female: 96.5% (2003 est.)
Government Bahamas, The
Country name:
conventional long form: Commonwealth of The Bahamas
conventional short form: The Bahamas
Government type:
constitutional parliamentary democracy
Capital:
Nassau
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
Independence:
10 July 1973 (from UK)
National holiday:
Independence Day, 10 July (1973)
Constitution:
10 July 1973
Legal system:
based on English common law
Suffrage:
18 years of age; universal
Executive branch:
chief of state: Queen ELIZABETH II (since 6 February 1952),
represented by Governor General 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)
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
Judicial branch:
Supreme Court; Court of Appeal; magistrates courts
Political parties and leaders:
Free National Movement or FNM [Tommy TURNQUEST]; Progressive
Liberal Party or PLP [Perry CHRISTIE]
Political pressure groups and leaders:
NA
International organization participation:
ACP, C, Caricom, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICCt
(signatory), ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC,
ITU, LAES, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO,
UNIDO, UPU, WCO, WHO, WIPO, WMO, WTrO (observer)
Diplomatic representation in the US: chief of mission: Ambassador Joshua SEARS consulate(s) general: Miami and New York FAX: [1] (202) 319–2668 telephone: [1] (202) 319–2660 chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008
Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affairs Robert M.
WITAJEWSKI
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 Bahamas, The
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 2002. 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
most of the visitors.
GDP:
purchasing power parity - $4.59 billion (2002 est.)
GDP - real growth rate:
0.1% (2002 est.)
GDP - per capita:
purchasing power parity - $15,300 (2002 est.)
GDP - composition by sector: agriculture: 3% industry: 7% services: 90% (1999 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
1.8% (2001 est.)
Labor force:
156,000 (1999)
Labor force - by occupation:
tourism 50%, other services 40%, industry 5%, agriculture 5% (1999
est.)
Unemployment rate:
6.9% (2001 est.)
Budget:
revenues: $918.5 million
expenditures: $956.5 million, including capital expenditures of