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Nassau: 1956 S A Bahamas Securities Exchange: Financials Investment services Nassau: 1999 Exchange P A BahamasAir: Consumer services Airlines Nassau: 1973 National airline S A Bank of London and Montreal: Financials Banking Nassau: 1958 Bank, defunct 1971 P D BTC: Telecommunications Mobile telecommunications Nassau: 1966 State-owned S A Clonaid ...
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 2013, the Bahamas Department of Statistics reported a poverty rate of 17.16% in the Out Islands, compared to 12.58% in Nassau and 9.69% in Grand Bahama. [ 13 ] At the beginning of the 20th century, more than 75% of all Bahamians lived in the Out Islands; by the 1970s, two-thirds of all Bahamians lived in Nassau or elsewhere on New Providence ...
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2 stations (one in Nassau and one in Freeport, a rebroadcast transmitter, commercially run Broadcasting Corporation of the Bahamas (BCB); multi-channel cable TV subscription service is available (2007). [1] Internet: 226,855 users, 152nd in the world (2012). [2] 71.7% of the population, 47th in the world (2012). [2]
Area code 242 is the telephone area code in the North American Numbering Plan (NANP) for The Bahamas. Area code 242 translates to the letter sequence BHA on an alpha-numeric keypad. The numbering plan area (NPA) was created in a split of area code 809 , which was originally assigned to the Bahamas and many of the Caribbean islands.
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.
[1] On October 5, 1906, the first telephone system was introduced with 150 subscribers in Nassau. [2] Bimini got wireless telegraphy in 1920 and Grand Bahama opened its first Telegraph Station in West End in 1925. [3] On December 16, 1933, the first telephone service to the United States from the Bahamas was introduced.