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Treasure Cay, is a parcel of land connected to Great Abaco Island in The Bahamas.It has a population of 1,187 as of the 2010 Bahaman census. [1]There are two resorts Bahama Beach Club developed by Businessman Craig H. Roberts and Treasure Cay Beach Hotel, Marina & Golf resort, condos, villas, and private homes, many for rent.
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.
The Bahamas, officially the Commonwealth of The Bahamas, is an English-speaking country consisting of 29 islands, 661 cays, and 2,387 islets. It is located at the north-east of the Caribbean Sea in the Atlantic Ocean north of Cuba , Hispaniola ( Dominican Republic and Haiti ) and the Caribbean Sea , northwest of the Turks and Caicos Islands ...
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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]
Chub Cay, site of Chub Cay International Airport, is the second largest island in the chain and is known as "the billfish capital of the Bahamas." Little Stirrup Cay is leased by Royal Caribbean International, which calls it CocoCay, and acts as a private island for tropical activities engaged in by visitors on its cruise ships of the Royal ...
Torch Cay underwent a period of havoc as pirates looted and stole treasure from the island until British control was restored in 1718. [4] In 2022, Torch Cay signed a development agreement to build a marina, 160 residential lots, a beach club and spa [5] as well as golf course designed by Coore & Crenshaw. [6]
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]