Places

What is the Bahamas' economy like?

Link to this answer

CloseClose

Link to this answer

Share this credible answer with others. Simply paste this code into your blog or Web page:

<a href="http://qanda.encyclopedia.com/question/bahamas-economy-like-131300.html" >What is the Bahamas' economy like?</a>
E-mail this answer Link to this answer

The islands' vivid subtropical atmosphere—brilliant sky and sea, lush vegetation, flocks of bright-feathered birds, and submarine gardens where multicolored fish swim among white, rose, yellow, and purple coral—as well as rich local color and folklore, has made the Bahamas one of the most popular resorts in the hemisphere. The islands' many casinos are an additional attraction, and tourism is by far the country's most important industry, providing 60% of the gross domestic product and employing about half of the workforce. Financial services are the nation's other economic mainstay, although many international businesses left after new government regulations on the financial sector were imposed in late 2000. Salt, rum, aragonite, and pharmaceuticals are produced, and these, along with animal products and chemicals, are the chief exports. The Bahamas also possess facilities for the transshipment of petroleum. The country's main trading partners are the United States and Spain. Since the 1960s, the transport of illegal narcotic drugs has been a problem, as has the flow of illegal refugees from other islands.

Answer verified with
Get more facts and information about Bahamas, the . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: Do the Bahamas have an economy? What kind of economy do the Bahamas have? [ Hide these questions ]

Related research questions

Related research articles

Air additions: despite the sluggish economy and travel anxiety, Air Jamaica is...
Magazine article from: Travel Agent Like its competitors in...downturn in the U.S. economy. However, says Allen...first class and 177 in economy. Another new Air Jamaica...Fares are $550 for economy class and $900 for...Grenada, Nassau, Bahamas, Panama, St. Lucia...
Welcome to the Bahamas.(brief notes on history and popular culture)
Magazine article from: Faces: People, Places, and Cultures ...islands that are set like jewels across 100,000...The history of the Bahamas is a long, colorful...bajamar" became "Bahamas." The Spanish settlers...British rule. Today, the Bahamas are a democracy, with...centuries, the Bahamian economy has behaved like a roller...
Better in the Bahamas? (foreign investment opportunities)(includes related...
Magazine article from: Florida Trend ...acting to convert the economy of the Bahamas into a market-driven...investment by making the Bahamas an easier -- and more...do business." Is the Bahamas -- a market that is...east? Ingraham may talk like Adam Smith, but the...
Destination . . . the Bahamas: Time to take the PLUNGE!
Newspaper article from: Birmingham Evening Mail (England) ...DIVING in the Bahamas is like plunging into another...easy to find. But the Bahamas vibe is really all about...Take the plunge in the Bahamas if you get the chance...operator Discover the Bahamas offers 7 nights at the...winning couple will fly economy class from London Gatwick...
Life's a beach ... in The Bahamas.(travel)
Magazine article from: New Moon ...their homes. I also like to draw, sing, crochet...watch TV. In the Bahamas, we have access to...and have made the Bahamas more westernized...major part of our economy--tourists love to come to the Bahamas for the great weather...
See all results at HighBeam

HighBeam gives you access to newspaper, magazine, and trade journal articles plus press releases, facts, information, and biographies from thousands of sources.