branch: chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor General Ivy DUMONT (since NA May 2002) head of government: 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; 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 five-year terms) and the House of Assembly (40 seats; members elected by direct popular vote to serve five-year terms) elections: last held NA March 2002 (next to be held by March 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 [leader-designate Tommy TURNQUEST]; Progressive Liberal Party or PLP [Perry CHRISTIE]
Political pressure groups and leaders: NA
International organization participation: ACP, C, Caricom, CCC, CDB,
ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU, ICRM, IFC, IFRCS, ILO, IMF,
IMO, Interpol, IOC, ITU, LAES, NAM, OAS, OPANAL, OPCW (signatory), UN,
UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WTrO (observer)
Diplomatic representation in the US: chief of mission: Ambassador Joshua SEARS consulate(s) general: Miami and [1] (202) 319-2660 chancery: Diplomatic representation from the US: chief of mission: Ambassador J. Richard BLANKENSHIP 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, [1] (242) 322-1181, 328-2206 FAX: 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 almost half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences have led to solid GDP growth in recent years. 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 the majority of tourist visitors.
GDP: purchasing power parity - $5 billion (2001 est.)
GDP - real growth rate: 3.5% (2001)
GDP - per capita: purchasing power parity - $16,800 (2000 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): 1.5% (2001 est.)
Labor force: 156,000 (1999)
Labor force - by occupation: tourism 40%, other services 50%, industry 5%, agriculture 5% (1995 est.)
Unemployment rate: 6.9% (2001 est.)
Budget: revenues: $918.5 million expenditures: $956.5 million, including capital expenditures of $106.7 million (FY99/00)
Industries: tourism, banking, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe
Industrial production growth rate: NA%
Electricity - production: 1.54 billion kWh (2000)
Electricity - production by source: fossil fuel: 100% hydro: 0% other: 0% (2000) nuclear: 0%
Electricity - consumption: 1.432 billion kWh (2000)
Electricity - exports: 0 kWh (2000)
Electricity - imports: 0 kWh (2000)
Agriculture - products: citrus, vegetables; poultry
Exports: $535.8 million (2000)
Exports - commodities: fish and crawfish; rum, salt, chemicals; fruit and vegetables (1999)
Exports - partners: US 28.2%, France 16.5%, Germany 14.1%, UK 12.4% (2000)
Imports: $1.88 billion (2000)
Imports - commodities: machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals (1999)
Imports - partners: US 31.6%, South Korea 18.2%, Italy 17.4%, Japan 5.8% (2000)
Debt - external: $381.9 million (2000)
Economic aid - recipient: $9.8 million (1995)
Currency: Bahamian dollar (BSD)
Currency code: BSD
Exchange rates: Bahamian dollars per US dollar - 1.000 (fixed rate pegged to the dollar)
Fiscal year: 1 July - 30 June
Communications Bahamas, The
Telephones - main lines in use: 96,000 (1997)
Telephones - mobile cellular: 6,152 (1997)
Telephone system: general assessment: modern facilities domestic: totally automatic system; highly developed international: tropospheric scatter and submarine cable to Florida; 3 coaxial submarine cables; satellite earth station - 1 Intelsat (Atlantic Ocean) (1997)
Radio broadcast stations: AM 3, FM 4, shortwave 0 (1998)
Radios: 215,000 (1997)
Television broadcast stations: 1 (1997)
Televisions: 67,000 (1997)
Internet country code: .bs
Internet Service Providers (ISPs): 19 (2000)
Internet users: 13,100 (2001)
Transportation Bahamas, The
Railways: 0 km
Highways: total: 2,693 km paved: 1,546 km unpaved: 1,147 km (1997)
Waterways: none
Ports and harbors: Freeport, Matthew Town, Nassau
Merchant marine: total: 1,076 ships (1,000 GRT or over) totaling 31,309,187 GRT/45,859,485 DWT ships by type: bulk 159, cargo 246, chemical tanker 41, combination bulk 13, combination ore/oil 22, container 80, liquefied gas 28, livestock carrier
