About BAHAMAS
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The Bahamas, is an independent, sovereign, English-speaking country consisting of two thousand cays and seven hundred islands that form an archipelago. It is located in the Atlantic Ocean southeast of the United States; north of Cuba, Hispaniola (Dominican Republic & Haiti) and the Caribbean Sea; and northwest of the Turks and Caicos Islands. Its size is almost 14,000 km2 with an estimated population of 330,000. Its capital is Nassau. It remains a Commonwealth realm.

Since attaining independence from the UK in 1973, The Bahamas have prospered through tourism and international banking and investment management.

ECONOMY:
The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking.
Tourism alone accounts for more than 60% of GDP and directly or indirectly employs 40% of the archipelago's labor force.
Moderate growth in tourism receipts and a boom in construction of new hotels, resorts, and residences led to an increase of the country's GDP by an estimated 3% in 1998.

Manufacturing and agriculture together contribute less than 10% of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run will depend heavily on the fortunes of the tourism sector and continued income growth in the US, which accounts for the majority of tourist visitors.

Financial services constitute the second-most important sector of the Bahamian economy and, when combined with business services, account for about 36% of GDP.

GDP - (ppp) - $9.189 billion (2008 est.)
GDP - per capita - $29,900 (2008 est.)

Currency:
Bahamian dollars (BSD) per US dollar - 1 (2008 est.), 1 (2007), 1 (2006), 1 (2005), 1 (2004)