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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 ...
The Bahamas real estate market is heating up, and some experts say 2025 could be your year to grab a piece of paradise. With construction activity up by $57 million in the first half of 2024 ...
For example, in February 2020, fishing in the Dominican Republic was a 93.4 million USD industry, but illegal activity by both local and foreign fishers from Honduras, Nicaragua, and South Korea have caused a deficit in fish; as a result, the country is forced to import fish that could otherwise by caught or farmed within its sovereign borders.
The telephone area code for the island is 242, which is the same as the rest of the Bahamas. There are 2 main telecommunication providers that cover most of the Exuma cays, Aliv [15] and BTC Bahamas. High-speed internet is available from both providers with varying technologies such as DSL, cellular and fiber optic cable becoming available. [16]
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]
In the 19th and early 20th centuries (1841–1938), Greek spongers immigrated to Andros for the rich sponge fishing on the Great Bahama Bank off Andros' west coast. For a period of years, Andros sponging was The Bahamas' largest industry. In the 1930s, the sponges were wiped out by a Red Tide infestation.
The fishing industry includes any industry or activity that takes, cultures, processes, preserves, stores, transports, markets or sells fish or fish products. It is defined by the Food and Agriculture Organization as including recreational , subsistence and commercial fishing , as well as the related harvesting, processing , and marketing ...
Count Capture Aquaculture Total China 308,380 10,855,295 11,163,675 Philippines 298 1,338,597 1,338,895 Indonesia 7,730 910,636 918,366 South Korea 15,212 621,154 ...