FANDOM


Country summary

Capital

Nassau

Borders

(N/A)

Government type

constitutional parliamentary democracy and a Commonwealth realm

Population

307,552[1]

Population growth

0.925% (2010 est.)[1]

Life expectancy

69.92 years[1]

Unemployment

7.6% (2006 est.)[1]

Index of Economic Freedom

47[2]


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 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 Europe, and its territory is used for smuggling illegal migrants into the US.[1]

Economical characteristicsEdit

  • Currency: Bahamian dollar (ISO code: BSD)
  • Central bank discount rate: 5.25% (31 December 2008)[1]
  • Commercial banks lending rate: 5.5% (31 December 2008)[1]
  • Stock of money (M1): $1.255 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $4.637 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[3] 5 150 5 528 5 659 5 912 5 942 6 032 6 509 6 876 7 234
Govt. debt (% of GDP)[4] 29.304 27.396 34.706 36.440
Govt. revenue (% of GDP)[5] 16.869 16.952 16.249 15.013 15.164 15.658 16.958 18.623 18.456
Govt. expenses (% of GDP)[6] 15.411 14.989 15.321 15.606 16.811 16.932 17.164 17.247 17.964
Debt to revenue (years) 1.737 1.616 1.864 1.974

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Bahamas", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Bahamas", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. World Bank. "Bahamas: GDP", from World Bank Data. Referenced 2010-09-30.
  4. World Bank. "Bahamas: government debt", from World Bank Data. Referenced 2010-09-30.
  5. World Bank. "Bahamas: government revenue", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Bahamas: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.