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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 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.
Companies of the Bahamas by industry (8 C) S. Service industries in the Bahamas (6 C) This page was last edited on 24 January 2020, at 20:22 (UTC). Text ...
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]
This page was last edited on 24 January 2020, at 20:21 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply.
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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.
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