Bahamas, The [+]Compare [E]dit [H]istory

Aliases: Commonwealth of The Bahamas, The Bahamas

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Object «Bahamas, The» has attributes

Attribute Value
Geography
Area 13,880 km²
Continent North America
Land area 10,010 km²
Water area 3,870 km²
Land boundaries 0 km
Border countries Add
Coastline 3,542 km
Mean elevation Add
Lowest point 0 m
Highest point 64 m
People
Population 337,721
Official languages
  • English
Religion Protestant
Government
Long country name Commonwealth of The Bahamas
Short country name The Bahamas
Long local name Add
Short local name Add
Former name Add
Government type Parliamentary democracy
Capital Nassau
Economy
GDP (PPP) 12,060,000,000 USD
GDP (OER) 12,160,000,000 USD
GDP (real growth rate) 1.4 %
GDP - per capita (PPP) 32,400 USD
Gross national saving 11.4 % of GDP
Labor force 196,900
Unemployment rate 10.1 %
Population below poverty line 9.3 %
Budget revenues 2,139,000,000 USD
Budget expenditures 2,460,000,000 USD
Military expenditures Add
Taxes and other revenues 17.6 % of GDP
Budget surplus or deficit -2.6 % of GDP
Public debt 54.6 % of GDP
Inflation rate 1.4 %
Central bank discount rate 4.5 %
Commercial bank prime lending rate 4.25 %
Stock of narrow money 2,654,000,000 USD
Stock of broad money 2,654,000,000 USD
Stock of domestic credit 8,805,000,000 USD
Market value of publicly traded shares 2,780,000,000 USD
Current account balance -1,909,000,000 USD
Exports 550,000,000 USD
Imports 3,180,000,000 USD
Reserves of foreign exchange and gold 1,522,000,000 USD
External debt 17,560,000,000 USD
National currency Bahamian dollars
National currency (code) BSD
National currency (symbol) $
National currency rate to USD 1

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. Piracy thrived in the 17th and 18th centuries because of The Bahamas close proximity to shipping lanes. Since attaining independence from the UK in 1973, The Bahamas has prospered through tourism, international banking, and investment management, which comprise up to 85% of GDP. Because of its proximity to the US - the nearest Bahamian landmass being only 80 km (50 mi) from Florida - the country is a major transshipment point for illicit trafficking, particularly to the US mainland, as well as Europe. US law enforcement agencies cooperate closely with The Bahamas, and the US Coast Guard assists Bahamian authorities in coastal defense through Operation Bahamas, Turks and Caicos, or OPBAT.

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There was one edit, no edits waiting approval. Last edited by romaguera.shemar(9697), Sep 15, 2019 (57 fields were changed)
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