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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]
The Bahamas is a parliamentary constitutional monarchy headed by King Charles III in his role as King of the Bahamas. The politics of the Bahamas takes place within a framework of parliamentary democracy, with a Prime Minister as the Head of Government. The Bahamas is an Independent Country and a member of the Commonwealth of Nations. As a ...
The districts of the Bahamas provide a system of local government everywhere except New Providence (which holds 70 per cent of the national population), whose affairs are handled directly by the central government. In 1996, the Bahamian Parliament passed the "Local Government Act" to facilitate the establishment of family island administrators ...
A revised Treaty of Chaguaramas established The Caribbean Community including the CARICOM Single Market and Economy and was signed by the CARICOM Heads of Government of the Caribbean Community on 5 July 2001 at their Twenty-Second Meeting of the Conference in Nassau, The Bahamas. [14]
Economy of the Bahamas. Economic rank, by nominal GDP (2007): 132nd (one hundred and thirty second) 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 ...
Local government elections take place once every three years in the Bahamas [22] with the most recent elections taking place on 27 January 2022. [23] The 2020 elections were postponed due to COVID-19 until Emergency Power Orders were lifted. [24] The voting system used in local government elections is the first-past-the-post system. Both ...
The Ministry of Finance is a government ministry of the Bahamas responsible for the care and management of public finances. The development and management of the annual government budget is a major aspect of the ministry's function. [1] Since 1984, Prime Minister of the Bahamas has mostly held the portfolio of Minister of Finance.
Economic history of the Bahamas (1 C) I. Industry in the Bahamas (2 C, 1 P) Infrastructure in the Bahamas (1 C) S. Science and technology in the Bahamas (4 C)