About The
Islands of the Bahamas
The Islands of The Bahamas has a population of just over
300,000.
Government
The Bahamas is an Island Democracy. Its constitution is
based on the Westminster Model of The British Parliamentary
System.
Geography
The Islands of the Bahamas is a 100.000-sq-mile archipelago
that extends over 500 miles of the clearest water in the world.
Our 700 islands, including uninhabited cays and large rocks,
total an estimated land area of 5.382 sq miles, and register a
highest land elevation of 206 ft.
History
Geography played a crucial role in Bahamian history. In
1492, Christopher Columbus made his first landfall in the New
World on the island of San Salvador in the eastern Bahamas,
After observing the shallow islands, he said “baja mar” (shallow
water or sea) and effectively named the area
The
Bahamas or The
Islands of the Shallow Sea.
Since it was located close to Florida and well-traveled
shipping channels, The Islands of the Bahamas caught the
attention of explorers, settlers, invaders and traders. These
people shaped the colorful history of
The
Bahamas and made the
country what it is today.
Economy
With a pleasant subtropical climate and some of the world’s
most beautiful beaches, The Bahamas is one of the most popular
year-round resorts in The Western hemisphere visited annually by
well over a million tourists. Tourism plays a central role in
the country’s economy and has helped make the Bahamas one of the
wealthiest countries in the Caribbean region.
Because of favorable tax laws and secrecy for depositors,
The
Bahamas has also become an international banking centre.
Industrial activity is limited; it includes the transshipment
and refining of petroleum and the production of steel pipe,
pharmaceuticals, salt, and shellfish. The unit of currency
is the Bahamian Dollar (1 Bahamian dollar equals U.S. $1).
Tourism, banking and insurance form the backbone of the
economy accounting for over two thirds of the total gross
domestic product (GDP). |