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The Bahamas is a beneficiary of the U.S.-Caribbean Basin Trade Partnership Act (CBTPA), Canada's CARIBCAN program, and the European Union's Lome IV Agreement. Although the Bahamas participates in the political aspects of the Caribbean Community (CARICOM), it has not entered into joint economic initiatives with other Caribbean states.
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 sponging industry died, and the spongers left the island for Key West, and Tarpon Springs, Florida. Thousands of unemployed Bahamians moved to the village of Coconut Grove near Miami. [13]
In terms of gross domestic product per capita, the Bahamas is one of the richest countries in the Americas (following the United States and Canada), with an economy based on tourism and finance. [1] Tourism alone provides an estimated 45% of the gross domestic product (GDP) and employs about half the Bahamian workforce.
Caribbean portal Subcategories. This category has the following 11 subcategories, out of 11 total. ... Industry in the Bahamas (3 C) Infrastructure in the Bahamas ...
The Bahamas has the fourteenth-largest gross domestic product per capita in the Americas. 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 often considered part of the wider Caribbean region. [ 18 ]
The Bahamas was the second largest importer of Caribbean spiny lobster imports to the United States (13% of the total), second only to Brazil (which was the source of 22% of Caribbean spiny lobster imports to the U.S.). [95] The crustacean is fished using casitas ("little houses"), also called lobster condos, on the ocean floor.
Category: Companies of the Bahamas by industry. 4 languages. ... Caribbean portal; Subcategories. This category has the following 8 subcategories, out of 8 total. A.
Great Inagua is the second largest island in the Bahamas at 596 sq mi (1544 km 2) and lies about 55 miles (89 kilometres) from the eastern tip of Cuba.The island is about 55 by 19 mi (89 by 31 km) in extent and mostly flat with some sand hills, the highest points being East Hill at 132 ft (40 m), Salt Pond Hill at 102 ft (31 m), and James Hill at 90 ft (27 m). [4]