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The Bahamas Ministry of Tourism, Investment and Aviation is a government agency of The Bahamas. [1] Its head office is at the Bolam House in Nassau . The agency has other offices in New Providence .
The Bahamas is a island country in the West Atlantic Ocean consisting of 700 coral islands, of which 30 are inhabited. [1] The tourism industry is a significant sector of the Bahamian economy. In 2021, it was estimated that tourism accounted for 45% of the Bahamas's national gross domestic product. [2]
The Bahamas relies heavily on tourism to generate most of its economic activity. Tourism as an industry accounts for about 70% of the Bahamian GDP and provides jobs for about half of the country's workforce. [117] The Bahamas attracted 5.8 million visitors in 2012, more than 70% of whom were cruise visitors. [118]
The U.S. National Park Service is working with The Bahamas, particularly the African Bahamanian Museum and Research Center (ABAC) in Nassau, to develop interpretive programs at Red Bays, Andros as an international site connected to the National Underground Railroad Network to Freedom Trail, which American slaves used to escape to freedom.
Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest part of The Bahamas.In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted 20,000 hectares (50,000 acres) of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area.
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]
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