Bahamas - Its History, Economy and Governance

Bahamas, officially titled the "Commonwealth of thein 1973. The government is a constitutional
Bahamas", is an archipelago lying off the south-eastparliamentary democracy based on the lines of the
coast of Florida, USA and north of Cuba. TheWestminster model of the United Kingdom. The
Bahamas consists of more than 700 islands and overnominal head of state is Queen Elizabeth and the
1000 cays and rocks covering an area of more thancrown's acting head is a Governor General. The head
5,000 sq. mi (nearly 14,000 sq. km.) and a populationof the government is the Prime Minister. The
of over 300,000. Only about 30 islands are inhabited.Bahamas has been a peaceful nation and has not
The largest island is Andros but New Providence iswitnessed any violent coups or unrest.
the most populous. The capital Nassau is situated onEconomy
this island. Eighty-five percent of the population isEconomically, tourism is the biggest money spinner
made up of Afro-Bahamians, the rest are Europeansfor this island nation with nearly half of the GDP
with a slender minority being Asians. The maincoming from this industry alone and employing most
languages are English, Creole Spanish and Portuguese.of the people in the islands. The sun kissed beaches
The nation is predominantly Christian in religion withof the islands and the friendly party atmosphere of
the largest denominations being the Baptist, Anglicanthe locals all tend to play a large part in the islands'
and Roman Catholics. The literacy rate is one of theattraction. Further, the islands being close to the
highest in the world at 95.6% while the lifeUnited States of America, have a large share of
expectancy is put at 63.visitors from there who prefer the Bahamas as a
History and Governancedestination for its "tropical paradise" allure. Many
The country's history can be traced back to the firstpackages and tours exist for the Bahamas and the
landing of Christopher Columbus, who is said to havecost being relatively cheaper than mainland USA has
landed on San Salvador, an island in the south ofboosted its appeal to everyone in North America.
Bahamas. Many of the locals were enslaved andThe economy of the country also relies on fishing,
deported to Spain and the area was largely desertedwhich is the main occupation next only to tourism.
until the arrival of the British who set up settlementsVegetables and fruits are also grown in abundance.
in the region. The islands then came under the BritishWith a global free trade, the Bahamas has benefited
Empire. Following the American Revolutionary War,the most with many banking and investment
the African slaves in the USA who had fought on thecompanies setting up shop in the islands. The country
British side, in the conflict were expelled and werehas a per capita income of more than $20,000
resettled here by the British. The country becameputting it in the top 50 list. Bahamas' currency is the
internally self-governing in 1964 and fully independentBahamas Dollar.