Political pressure groups and leaders:
NA
International organization participation:
ACP, C, Caricom, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICCt
(signatory), ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC,
ITU, LAES, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO,
UNIDO, UPU, WCO, WHO, WIPO, WMO, WTrO (observer)
Diplomatic representation in the US: chief of mission: Ambassador Joshua SEARS consulate(s) general: Miami and New York FAX: [1] (202) 319-2668 telephone: [1] (202) 319-2660 chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008
Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affairs Robert M.
WITAJEWSKI
embassy: 42 Queen Street, Nassau
mailing address: local or express mail address: P. O. Box N-8197,
Nassau; Department of State, 3370 Nassau Place, Washington, DC
20521-3370
telephone: [1] (242) 322-1181, 328-2206 (after hours)
FAX: [1] (242) 356-0222
Flag description:
three equal horizontal bands of aquamarine (top), gold, and
aquamarine, with a black equilateral triangle based on the hoist side
Economy Bahamas, The
Economy - overview:
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 half of
the archipelago's labor force. Steady growth in tourism receipts and
a boom in construction of new hotels, resorts, and residences had
led to solid GDP growth in recent years, but the slowdown in the US
economy and the attacks of 11 September 2001 held back growth in
these sectors in 2002. Manufacturing and agriculture together
contribute approximately a tenth of GDP and show little growth,
despite government incentives aimed at those sectors. Overall growth
prospects in the short run rest heavily on the fortunes of the
tourism sector, which depends on growth in the US, the source of
most of the visitors.
GDP:
purchasing power parity - $4.59 billion (2002 est.)
GDP - real growth rate:
0.1% (2002 est.)
GDP - per capita:
purchasing power parity - $15,300 (2002 est.)