Private guides and guided tours in Bahamas
Currency: Bahamian dollar (BSD)
CAPITAL CITY OF Bahamas: Nassau
LANGUAGE OF Bahamas: English
CURRENCY OF Bahamas: Bahamian dollar (BSD)
COMMENTS ABOUT Bahamas:
The Bahamas are an extensive chain of islands in the North Atlantic Ocean, southeast of Florida, USA and to the northeast of Cuba.
Cities :Nassau (capital), Freeport, Matthew Town, Alice Town Bimini
Electricity : 120V/60Hz (North American plug)
Calling Code : +1-242
Time Zone : UTC -5
Arawak 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. Since attaining independence from the UK in 1973, The Bahamas have prospered through tourism and international banking and investment management. Because of its geography, the country is a major transshipment point for illegal drugs, particularly shipments to the US, and its territory is used for smuggling illegal migrants into the US.
CLIMATE OF Bahamas: tropical marine; moderated by warm waters of Gulf Stream
RELIGION OF Bahamas: Baptist 32%, Anglican 20%, Roman Catholic 19%, Methodist 6%, Church of God 6%, other Protestant 12%, none or unknown 3%, other 2%
POPULATION OF Bahamas: 299,697>
ECONOMY OVERVIEW OF Bahamas: 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 2001-03. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. However, since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left The Bahamas. 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 more than 80% of the visitors. In addition to tourism and banking, the government supports the development of a "third pillar," e-commerce.