Queen ELIZABETH II (since 6 February 1952), represented by Governor
General Sir Clifford DARLING (since 2 January 1992)
head of government:
Prime Minister Hubert A. INGRAHAM (since 19 August 1992); Deputy Prime
Minister Orville A. TURNQUEST (since 19 August 1992)
cabinet:
Cabinet; appointed by the governor on the prime minister's
recommendation
Legislative branch:
bicameral Parliament
Senate:
a 16-member body appointed by the governor general
House of Assembly:
elections last held 19 August 1992 (next to be held by August 1997);
results - percent of vote by party NA; seats - (49 total) FNM 32, PLP
17
Judicial branch:
Supreme Court
Political parties and leaders:
Progressive Liberal Party (PLP), Sir Lynden O. PINDLING; Free National
Movement (FNM), Hubert Alexander INGRAHAM;
Member of:
ACP, C, CCC, CARICOM, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU,
IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC, ITU, LORCS, NAM, OAS,
OPANAL, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO
Diplomatic representation in US:
chief of mission:
Ambassador Timothy Baswell DONALDSON
chancery:
2220 Massachusetts Avenue NW, Washington, DC 20008
telephone:
(202) 319-2660
FAX:
(202) 319-2668
consulate(s) general:
Miami and New York
US diplomatic representation:
chief of mission:
(vacant); Charge d'Affaires Lino GUTIERREZ
embassy:
Mosmar Building, Queen Street, Nassau
mailing address:
P. O. Box N-8197, Nassau
telephone:
(809) 322-1181 or 328-2206
FAX:
(809) 328-7838
Flag:
three equal horizontal bands of aquamarine (top), gold, and aquamarine
with a black equilateral triangle based on the hoist side
@The Bahamas, Economy
Overview:
The Bahamas is a stable, developing nation whose economy is based
primarily on tourism and offshore banking. Tourism alone provides
about 40% of GDP and directly or indirectly employs about 50,000
people or 40% of the local work force. The economy has slackened in
recent years, as the annual increase in the number of tourists slowed.
Nonetheless, per capita GDP is one of the highest in the region.
National product:
GDP - purchasing power equivalent - $4.4 billion (1993 est.)
National product real growth rate:
2% (1991)
National product per capita:
$16,500 (1993 est.)
Inflation rate (consumer prices):
6.5% (1991)
Unemployment rate:
5.7% (1992 est.)
Budget:
revenues:
$628.5 million
expenditures:
$574 milli
|