Total fertility rate: 2.31 children born/woman (1999 est.)
Nationality: noun: Bahamian(s) adjective: Bahamian
Ethnic groups: black 85%, white 15%
Religions: Baptist 32%, Anglican 20%, Roman Catholic 19%, Methodist 6%, Church of God 6%, other Protestant 12%, none or unknown 3%, other 2%
Languages: English, Creole (among Haitian immigrants)
Literacy:
definition: age 15 and over can read and write
total population: 98.2%
male: 98.5%
female: 98% (1995 est.)
Government
Country name:
conventional long form: Commonwealth of The Bahamas
conventional short form: The Bahamas
Data code: BF
Government type: commonwealth
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, Nicholls Town and Berry Islands, Ragged Island, Rock
Sound, Sandy Point, San Salvador and Rum Cay
Independence: 10 July 1973 (from UK)
National holiday: National 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 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 monarch is hereditary; governor general
appointed by the monarch; prime minister and deputy prime minister
appointed by the governor general
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 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 35, PLP 5
Judicial branch: Supreme Court
Political parties and leaders: Progressive Liberal Party or PLP
INGRAHAM]
International organization participation: 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, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WTrO
(applicant)
Diplomatic representation in the US: chief of mission: Ambassador Arlington Griffith BUTLER chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008 consulate(s) general: Miami and New York
Diplomatic representation from the US: chief of mission: Ambassador Arthur SCHECHTER embassy: Queen Street, Nassau mailing address: local or express mail address: P.O. Box N-8197, Nassau; stateside address: American Embassy Nassau, P.O. Box 599009, Miami, FL 33159–9009; pouch address: Nassau, Department of State, Washington, DC 20521–3370
Flag description: three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side
Economy
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 40% of the archipelago's labor force. Moderate growth in tourism receipts and a boom in construction of new hotels, resorts, and residences led to an increase of the country's GDP by an estimated 4% in 1998. Manufacturing and agriculture together contribute less than 10% of GDP and show little growth, despite government incentives aimed at those sectors. 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 visitors.
GDP: purchasing power parity—$5.63 billion (1998 est.)
GDP—real growth rate: 4% (1998 est.)
GDP—per capita: purchasing power parity?$20,100 (1998 est.)
GDP—composition by sector: agriculture: 3% industry: 5% services: 92% (1997 est.)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 0.4% (1997)
Labor force: 148,000 (1996)
Labor force—by occupation: government 30%, tourism 40%, business services 10%, agriculture 5% (1995 est.)
Unemployment rate: 9% (1998 est.)
Budget:
revenues: $766 million
expenditures: $845 million, including capital expenditures of $97
million (FY97/98)
Industries: tourism, banking, cement, oil refining and transshipment, salt production, rum, aragonite, pharmaceuticals, spiral-welded steel pipe
Industrial production growth rate: NA%
Electricity—production: 1 billion kWh (1996)
Electricity—production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (1996)
Electricity—consumption: 1 billion kWh (1996)
Electricity—exports: 0 kWh (1996)
Electricity—imports: 0 kWh (1996)
Agriculture—products: citrus, vegetables; poultry
Exports: $300 million (1998)
Exports—commodities: pharmaceuticals, cement, rum, crawfish,
refined petroleum products
Exports—partners: US 24.5%, EU (excluding UK) 23.9%, UK 12.6%,
Singapore 5.6% (1997)
Imports: $1.37 billion (1998)
Imports—commodities: foodstuffs, manufactured goods, crude oil,
vehicles, electronics
Imports—partners: US 34.9%, EU 24.3%, Japan 15.5%, Russia 6.3%
(1997)
Debt—external: $381.7 million (1997)
Economic aid—recipient: $9.8 million (1995)
Currency: 1 Bahamian dollar (B$) = 100 cents
Exchange