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    Bahamas, The

    Continent
    North America
    Capital
    Nassau
    Population
    410,862
    Sub-Zones
    14
    General Information
    Basic details about Bahamas, The
    Population:
    410,862
    Area:
    13,880 sq km
    Currency:
    Bahamian dollars
    Languages:
    English, Creole
    Economic Overview
    Key economic indicators for Bahamas, The
    GDP:
    $13.224 billion
    GDP per Capita:
    $33,100
    GDP Growth:
    2.64%
    Inflation:
    3.05%
    Unemployment:
    9.2%
    Public Debt:
    82.16% of GDP
    Credit Rating:
    BB- (2020)
    Political System
    Governance structure of Bahamas, The
    Government Type:
    parliamentary democracy under a constitutional monarchy; a Commonwealth realm
    Head of State:
    King CHARLES III (since 8 September 2022); represented by Governor-General Cynthia A. PRATT (since 1 September 2023)
    Head of Government:
    Prime Minister Philip Edward DAVIS (since 17 September 2021)
    Judiciary:
    Court of Appeal (consists of the court president and 6 justices, organized in 3-member panels); Supreme Court (consists of the chief justice and 19 justices)
    Administrative Divisions:
    31 districts; Acklins Islands, Berry Islands, Bimini, Black Point, Cat Island, Central Abaco, Central Andros, Central Eleuthera, City of Freeport, Crooked Island and Long Cay, East Grand Bahama, Exuma, Grand Cay, Harbour Island, Hope Town, Inagua, Long Island, Mangrove Cay, Mayaguana, Moore's Island, North Abaco, North Andros, North Eleuthera, Ragged Island, Rum Cay, San Salvador, South Abaco, South Andros, South Eleuthera, Spanish Wells, West Grand Bahama

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    No
    Diplomatic Presence:
    600 New Hampshire Ave NW, Suite 530, Washington, DC 20037

    Major Alliances and Organizations

    OAS
    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    0.4% (2023 est.)
    Industry
    8.8% (2023 est.)
    Services
    80.8% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $6.005 billion
    Imports:
    $6.273 billion

    Major Trading Partners

    USA 36
    Zimbabwe 16
    Cote d'Ivoire 14
    Germany 8
    Guyana 8

    Economic Outlook

    Bahamas, The has a 2.64% GDP growth rate with 3.05% inflation. The economy is characterized by a strong agriculture sector.