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Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest part of The Bahamas.In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted 20,000 hectares (50,000 acres) of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area.
The tourism industry is a significant sector of the Bahamian economy. In 2021, it was estimated that tourism accounted for 45% of the Bahamas's national gross domestic product. [2] In 2024, the Bahamas received over 11.22 million tourists, of which 1.7 million were foreign air arrivals. [3]
West End (also referred to as "Settlement Point" [1] [2]) is the oldest town and westernmost settlement on the Bahamian island of Grand Bahama.It is agreed by most academics and lawmakers that West End is the current capital of Grand Bahama, contrary to the popular belief that Freeport is the capital of the island.
The Bahamas Ministry of Tourism, Investment and Aviation is a government agency of The Bahamas. [1] Its head office is at the Bolam House in Nassau . The agency has other offices in New Providence .
In 2013, the Bahamas Department of Statistics reported a poverty rate of 17.16% in the Out Islands, compared to 12.58% in Nassau and 9.69% in Grand Bahama. [ 13 ] At the beginning of the 20th century, more than 75% of all Bahamians lived in the Out Islands; by the 1970s, two-thirds of all Bahamians lived in Nassau or elsewhere on New Providence ...
Lucaya is a suburb of Freeport, Bahamas, a city on the island of Grand Bahama, approximately 105 mi (160 km) east-northeast of Fort Lauderdale, Florida. Lucaya's primary industry is tourism. Lucaya's primary industry is tourism.
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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.