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The Bahamian economy is almost entirely dependent on tourism and financial services to generate foreign exchange earnings. The Gross Domestic Product (GDP) of the Bahamas is approximately $5.7 billion with tourism accounting for 50%, financial services nearly 20% and the balance spread among retail and wholesale trade, fishing, light manufacturing and agriculture. [9]
Only about 0.8% of the Bahamas' land area is arable, about 140 square km (54 square miles). [5] Most arable land is on New Providence, Abaco, Andros, and Grand Bahama islands; challenges for Bahamian agriculture include limited fresh water resources for irrigation, the difficulties of inter-island transport of goods in the archipelago, a lack of human capital, the country's small size (which ...
Its economy is based on tourism and offshore finance. [17] Though the Bahamas is in the Lucayan Archipelago, and not on the Caribbean Sea, it is still considered part of the wider Caribbean region. [18] The Bahamas is a full member of the Caribbean Community (CARICOM) but is not part of the CARICOM Single Market and Economy. [19]
A clickable Euler diagram showing the relationships between various multinational organizations in the Americas v • d • e. The CARICOM Single Market and Economy, also known as the Caribbean Single Market and Economy (CSME), is an integrated development strategy envisioned at the 10th Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) which took place in ...
Economic history of the Bahamas (1 C) I. Industry in the Bahamas (2 C, 1 P) Infrastructure in the Bahamas (1 C) S. Science and technology in the Bahamas (4 C)
There is no unity about right and wrong economic systems. Each type of economic system can be compared, based on a set of factors but generally, there is not a general agreement about which economic system is more right than the other. Hence, there is no single standard that is able to evaluate indisputably the merit of the economic system.
Economy of the Bahamas. Economic rank, by nominal GDP (2007): 132nd (one hundred and thirty second) Agriculture in the Bahamas; Banking in the Bahamas. Banknotes of the Bank of Nassau (Bahamas) Central Bank of The Bahamas; National Bank of the Bahamas; Communications in the Bahamas. Internet in the Bahamas.bs Internet country code top-level ...
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