Supreme CourtPolitical parties and leaders:
Progressive Liberal Party (PLP), Sir Lynden O. PINDLING; Free National
Movement (FNM), Hubert Alexander INGRAHAM;
Member of:
ACP, C, CCC, CARICOM, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU,
IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC, ITU, LORCS, NAM, OAS,
OPANAL, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO
Diplomatic representation in US:
chief of mission:
Ambassador Timothy Baswell DONALDSON
chancery:
2220 Massachusetts Avenue NW, Washington, DC 20008
telephone:
(202) 319–2660
FAX:
(202) 319–2668
consulate(s) general:
Miami and New York
US diplomatic representation:
chief of mission:
(vacant); Charge d'Affaires Lino GUTIERREZ
embassy:
Mosmar Building, Queen Street, Nassau
mailing address:
P. O. Box N-8197, Nassau
telephone:
(809) 322–1181 or 328–2206
FAX:
(809) 328–7838
Flag:
three equal horizontal bands of aquamarine (top), gold, and aquamarine
with a black equilateral triangle based on the hoist side
@The Bahamas, Economy
Overview:
The Bahamas is a stable, developing nation whose economy is based
primarily on tourism and offshore banking. Tourism alone provides
about 40% of GDP and directly or indirectly employs about 50,000
people or 40% of the local work force. The economy has slackened in
recent years, as the annual increase in the number of tourists slowed.
Nonetheless, per capita GDP is one of the highest in the region.
National product:
GDP - purchasing power equivalent - $4.4 billion (1993 est.)
National product real growth rate:
2% (1991)
National product per capita:
$16,500 (1993 est.)
Inflation rate (consumer prices):
6.5% (1991)
Unemployment rate:
5.7% (1992 est.)
Budget:
revenues:
$628.5 million
expenditures:
$574 million, including capital expenditures of $100 million (1992
est.)
Exports:
$310 million (f.o.b., 1992)
commodities:
pharmaceuticals, cement, rum, crawfish
partners:
US 51%, UK 7%, Norway 7%, France 6%, Italy 5%
Imports:
$1.2 billion (f.o.b,,1992)
commodities:
foodstuffs, manufactured goods, mineral fuels, crude oil
partners:
US 32%, Japan 17%, Nigeria 12%, Denmark 7%, Norway 6%
External debt:
$1.2 billion (December 1990)
Industrial production:
growth rate 3% (1990); accounts for 15% of GDP
Electricity:
capacity:
424,000 kW
production:
929 million kWh
consumption per capita:
3,599 kWh (1992)
Industries:
tourism, banking, cement, oil refining and transshipment, salt
production, rum, aragonite, pharmaceuticals, spiral welded steel pipe
Agriculture:
accounts for 5% of GDP; dominated by small-scale producers; principal
products - citrus fruit, vegetables, poultry; large net importer of
food
Illicit drugs:
transshipment point for cocaine and marijuana bound for US and Europe;
also money-laundering center
Economic aid:
recipient:
US commitments, including Ex-Im (FY85–89), $1 million; Western
(non-US) countries, ODA and OOF bilateral commitments (1970–89), $345
million
Currency:
1 Bahamian dollar (B$) = 100 cents
Exchange rates:
Bahamian dollar (B$) per US$1 - 1.00 (fixed rate)
Fiscal year:
calendar year
@The Bahamas, Communications
Highways:
