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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 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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The Bahamas (/ b ə ˈ h ɑː m ə z / ⓘ bə-HAH-məz), officially the Commonwealth of The Bahamas, [13] is an island country within the Lucayan Archipelago of the Atlantic Ocean.It contains 97% of the Lucayan Archipelago's land area and 88% of its population.
Columbus visited several other islands in the Bahamas before sailing to present-day Cuba and afterwards to Hispaniola. [3] The Bahamas held little interest to the Spanish except as a source of slave labor. Nearly the entire population of Lucayan (almost 40,000 people total) were transported to other islands as laborers over the next 30 years.
The Portuguese introduced sugar plantations in the 1550s off the coast of their Brazilian settlement colony, located on the island of Sao Vincente. [2] As the Portuguese and Spanish maintained a strong colonial presence in the Caribbean, the Iberian Peninsula amassed tremendous wealth from the cultivation of this cash crop.
Agriculture in the Bahamas; Banking in the Bahamas. Banknotes of the Bank of Nassau (Bahamas) Central Bank of The Bahamas; National Bank of the Bahamas; Communications in the Bahamas. Internet in the Bahamas.bs Internet country code top-level domain for the Bahamas; Telephone communications in the Bahamas Area code 242; Postal service in the ...