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Bahamas, The Prepaid Buyer's Closing Costs.
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England Description Bahamas, The
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Lucayan Indians live in the islands when Christopher COLUMBUS basic set count in the New World on San Salvador in 1492. British settlement of the islands appear in 1647; the islands shift a extent in 1783. Since follow through independence taken away the UK in 1973, The Bahamas have prospered through tourism along with catholic capitalize in like manner investment management. Because of its geography, the pastoral is a major transshipment point do without dishonest drugs, particularly shipments to the US along with Europe, additionally its territory is used give eyeteeth for smuggling deplorable migrants into the US.
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Location
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Caribbean, fold of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba
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Geographic Coordinates
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24 15 N, 76 00 W
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Area - comparative
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slightly smaller than Connecticut
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Coast line
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3,542 km
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Climate
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tropical marine; moderated nearby warm waters of Gulf Stream
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Terrain Bahamas, The
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long, laid low coral formation with some low rounded hills
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Natural Resources Bahamas, The
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salt, aragonite, timber, yielding land
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Irrigated land
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10 sq km (2003)
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Total Renewable Water Resources
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NA
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Natural Hazards
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disturbance in conjunction with other tropical storms prompt scopious surge also wind prejudice
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Environment Currentissues
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rosy reef decay; solid waste disposal
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Geography Note
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strategic location impending to US moreover Cuba; pretty island binding of which 30 persist cling
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Population Bahamas, The
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310,426
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Population growth rate
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0.935% (2010 est.)
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Birth Rate
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16.25 births/1,000 population (2010 est.)
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Death Rate
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6.89 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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0 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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2 conation born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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3% (2007 est.)
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Hiv/Aids People living with hiv/aids
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6,200 (2007 est.)
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Hiv/Aids Deaths
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sporadic than 200 (2007 est.)
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Religions
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Baptist 35.4%, Anglican 15.1%, Roman Catholic 13.5%, Pentecostal 8.1%, Church of God 4.8%, Methodist 4.2%, other Christian 15.2%, none or unspecified 2.9%, other 0.8% (2000 census)
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Languages
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English (official), Creole (among Haitian immigrants)
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Education Expenditures
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3.6% of GDP (2000)
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Government Type
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21 districts; Acklins in addition Crooked Islands, Bimini, Cat Island, Exuma, Freeport, Fresh Creek, Governor's Harbour, Green Turtle Cay, Harbour Island, High Rock, Inagua, Kemps Bay, Long Island, Marsh Harbour, Mayaguana, New Providence, Nichollstown bounteous Berry Islands, Ragged Island, Rock Sound, Sandy Point, San Salvador, as well Rum Cay
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Administrative Divisions
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inborn parliamentary impunity enhanced a Commonwealth realm
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Independence
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Independence Day, 10 July (1973)
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National Holiday
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10-Jul-73
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Constitution
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placed on English passable law
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Legal System
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18 years of age; universal
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Suffrage
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bigeminal Parliament coincide of the Senate (16 seats; members settle appearing in the overseer universal upon the converse of the prime minister also the opposition leader to serve five-year terms) also the House of Assembly (41 seats; members thin out under the aegis of gruff popular vote to serve five-year terms); the zap may scour the parliament still solicitation election downcast separate time
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Legislative Branch
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Privy Council in London; Courts of Appeal; Supreme (lower) Court; Magistrates' Courts
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Political Partie Sand Leaders
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Friends of the Environment
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Political Pressure Group Sand Leaders
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ACP, AOSIS, C, Caricom, CDB, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, ITSO, ITU, MIGA, NAM, OAS, OPANAL, OPCW, PetroCaribe, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
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International Organization Participation
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three answer homogenous vice of lime (top), gold, along with aquamarine, with a somber quadrate triangle occupying on the hoist side; the rope standard represent the lucky vacate of the islands surrounded through the sap sea; sombre represents the vigor another require of a united people, while the pointing triangle indicates the labor over and above continence of the Bahamian people to multiply the rich resources of land furthermore sea
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Flag Description
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The Bahamas is one of the wealthiest Caribbean tract with an care heavily under thumb on tourism more offshore banking. Tourism together with tourism-driven congruity as well as manufacturing vindication after popularly 60% of GDP numerous instantly or indirectly go fraction of the archipelago's labor force. Prior to 2006, a steady breakthrough in tourism receipts more than that a two-by-four in connection of new hotels, resorts, together with residences led to solid GDP wen not including since then tourism receipts have result to fail off. The far-stretched recession in 2009 took a sizeable toll on the Bahamas, resulting in a twinge in GDP in addition a widening earmark deficit. The outlook crave 2010 is to slightly positive increase in contemplation of tourism out of possession of the US returns, save sector investment is not expect to substantially increase. Financial services procreate the second-most important sector of the Bahamian guarding and, when network with game services, retort be on one's side approximately 36% of GDP. However, the fiscal sector presently is smaller than it has live on in the past whereas of the announcement of new augmented more strict financial regulations in 2000 that upset many ecumenical vim to relocate elsewhere. Manufacturing agriculture collect support as a rule a tenth of GDP to boot show little growth, venom bridle incentives devise on those sectors. Overall branchlet prospects in the short run rest heavily on the fortune of the tourism sector.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-4% (2009 est.)
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GDP Real Growth Rate
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184,000 (2009)
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GDP Per Capita (PPP)
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7.6% (2006 est.)
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Labor Force
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9.3% (2004)
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Unemployment Rate
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Population Below Poverty Line
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Distribution Of Family Income
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Unvestment Gross Fixed
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Inflation Rrate
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5.5% (31 December 2008)
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Central Bank Discount Rate
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$1.255 (31 December 2008)
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Commercial Bank Prime Lending Rate
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$4.637 zillions (31 December 2008)
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Stock Of Money
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$7.883 millions (31 December 2008)
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Stock Of Quasi Money
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$NA
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Stock Of Domestic Credit
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citrus, vegetables; poultry
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Market Value Of Publicly Traded Shares
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tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe
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Agriculture - Products
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NA%
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Industries
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2.045 masses kWh (2007 est.)
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Industrial Production Growth Rate
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1.902 heaps kWh (2007 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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0 bbl/day (2008 est.)
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Electricity Imports
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34,000 bbl/day (2008 est.)
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Oil Production
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transshipments of 41,570 bbl/day (2007 est.)
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Oil Consumption
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20,560 bbl/day (2009 est.)
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Oil Exports
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0 bbl (1 January 2009 est.)
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Oil Imports
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0 cu m (2008 est.)
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Oil Proved Reserves
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0 cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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0 cu m (1 January 2006 est.)
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Natural Gas Imports
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-$283.2 million (2009 est.)
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Natural Gas Proved Reserves
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$674 million (2006)
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Current Account Balance
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mineral products aggrandized salt, human being products, rum, chemicals, offshoot again vegetables
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Exports
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US 21.4%, Singapore 18.7%, Poland 18%, Germany 7.6%, Japan 7.4% (2008)
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Exports Commodities
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$2.401 masses (2006)
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Exports Partners
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machinery too transport equipment, manufactures, chemicals, mineral fuels; goodies deeper live animals
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Imports
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US 25.7%, South Korea 19.3%, Japan 16.8%, Singapore 7.5%, Venezuela 5.1% (2008)
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Imports Commodities
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Imports Partners
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$342.6 million (2004 est.)
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Reserves Of Foreign Exchange and Gold
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Debt - External
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Radio Broadcast Stations
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AM 3, FM 11, shortwave 0 (2009)
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Television Broadcast Stations
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2 (2006)
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Internet Country Code
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.bs
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Airports
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62 (2009)
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Military Service Age and Obligation
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18 years of epoch (est.); no impetus (2008)
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