nuary 1967)

Political parties and leaders: Progressive Liberal Party (PLP),
Sir Lynden O. Pindling; Free National Movement (FNM), Cecil Wallace-Whitfield

Suffrage: universal at age 18

Elections:
House of Assembly--last held 19 June 1987 (next to be held
by June 1992);
results--percent of vote by party NA;
seats--(49 total) PLP 31, FNM 16, independents 2

Communists: none known

Other political or pressure groups: Vanguard Nationalist and Socialist
Party (VNSP), a small leftist party headed by Lionel Carey; Trade Union
Congress (TUC), headed by Arlington Miller

Member of: ACP, CARICOM, CCC, CDB, Commonwealth, FAO, G-77,
GATT (de facto), IBRD, ICAO, IDB--Inter-American Development Bank, ILO, IMF,
IMO, INTELSAT, INTERPOL, ITU, NAM, OAS, PAHO, UN, UNESCO, UPU, WHO, WIPO, WMO,
WTO

Diplomatic representation: Ambassador Margaret E. MCDONALD; Chancery at
Suite 865, 600 New Hampshire Avenue NW, Washington DC 20037;
telephone (202) 944-3390; there are Bahamian Consulates General in Miami
and New York;
US--Ambassador Chic HECHT; Embassy at Mosmar Building,
Queen Street, Nassau (mailing address is P. O. Box N-8197, Nassau);
telephone (809) 322-1181 or 328-2206

Flag: three equal horizontal bands of aquamarine (top), gold, and
aquamarine with a black equilateral triangle based on the hoist side

- Economy
Overview: The Bahamas is a stable, middle-income developing nation whose
economy is based primarily on tourism and offshore banking. Tourism alone
provides about 50% of GDP and directly or indirectly employs about 50,000 people
or 40% of the local work force. The economy has boomed in recent years, aided by
a steady annual increase in the number of tourists. The per capita GDP of over
$9,800 is one of the highest in the region.

GDP: $2.4 billion, per capita $9,875; real growth rate 2.0%
(1988 est.)

Inflation rate (consumer prices): 4.1% (1988)

Unemployment: 12% (1986)

Budget: revenues $555 million; expenditures $702 million, including
capital expenditures of $138 million (1989 est.)

Exports: $733 million (f.o.b., 1987);
commodities--pharmaceuticals, cement, rum, crawfish;
partners--US 90%, UK 10%

Imports: $1.7 billion (c.i.f., 1987);
commodities--foodstuffs, manufactured goods, mineral fuels;
partners--Iran 30%, Nigeria 20%, US 10%, EC 10%, Gabon 10%

External debt: $1.5 billion (September 1988)

Industrial production: growth rate NA%

Electricity: 368,000 kW capacity; 857 million kWh produced