International Security Bulletin

Bahamas

Commonwealth of The Bahamas

Capital: Nassau

History

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. Since attaining independence from the UK in 1973, The Bahamas has prospered through tourism, 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 Europe, and its territory is used for smuggling illegal migrants into the US.

Geography

Metric Units

Total Area 13,880 sq km
Land Boundaries 0 km
Border Countries No data
Coastline 3,542 km
Terrain long, flat coral formations with some low rounded hills
Minimum Elevation 0 m
Maximum Elevation 63 m
Climate tropical marine; moderated by warm waters of Gulf Stream
Natural Resources salt, aragonite, timber, arable land
Arable Land 0.65%
Permanent Crops 0.29%

Economy

Gross Domestic Product $11.04 billion
GDP (per capita) $31,300
GDP Growth 2.5%
Unemployment Rate 14%
Population in Poverty 9.3%
GINI Index No data

Budget & Debt

Expenditures $1.8 billion
Revenue $1.6 billion
Current Account Balance $-1.14 billion
External Debt $16.68 billion

Trade

Exports $790 million
Export Items crawfish, aragonite, crude salt, polystyrene products
Export Partners US 78%, UK 4%, Canada 3% (2011)
Imports $2.88 billion
Import Items machinery and transport equipment, manufactures, chemicals, mineral fuels
Import Partners US 89%, Trinidad and Tobago 5% (2011)

People

Population 319,031
Population Growth 0.89%
Ethnic Groups black 85%, white 12%, Asian and Hispanic 3%
Religion Protestant 67.6% (Baptist 35.4%, Anglican 15.1%, Pentecostal 8.1%, Church of God 4.8%, Methodist 4.2%), Roman Catholic 13.5%, other Christian 15.2%, none or unspecified 2.9%, other 0.8% (2000 census)
Life Expectancy 71.69 years
Infant Mortality 0.96 deaths/1,000 live births
Maternal Mortality 1.3 deaths/100,000 live births

Energy

Electricity Production 1.93 billion kWh
Electricity Consumption 1.79 billion kWh
From Fossil Fuels 100%
From Nuclear 0%
From Hydroelectric 0%
From Renewable Sources 0%