the Bahamas is an archipelagic country located in the Atlantic Ocean, consisting of over 700 islands and cays. Nassau, situated on New Providence Island, serves as the capital and largest city. The Bahamas is a constitutional parliamentary democracy and a member of the Commonwealth of Nations, with a British-style Westminster system of government. The head of state is a monarch, represented by a Governor-General, and the head of government is the Prime Minister. The political landscape is characterized by a two-party system, with the Free National Movement (FNM) and the Progressive Liberal Party (PLP) being the major political parties. The FNM, a center-right party, and the PLP, a center-left party, have alternated in power since the country gained independence from the United Kingdom in 1973. The Bahamas’ economy heavily relies on tourism and offshore banking, with a significant focus on the luxury resort industry. Challenges faced by the nation include vulnerability to natural disasters, such as hurricanes, and addressing socio-economic issues like unemployment and income inequality. The Bahamas has also been actively involved in regional and international organizations, including the Caribbean Community (CARICOM) and the United Nations. political and economic landscapes can evolve, so it is advisable to consult more recent sources for the latest information on the Bahamas’ country overview and political dynamics beyond that date. LOCALBUSINESSEXPLORER: Features democracy and rights of Bahamas.
Economy Bahamas is a stable developing country. Tourism is the main source of wealth, however under new economic policy guidelines they have obtained good results in the industrial field and banking activities. Tourism alone...
Yearbook 2014 Bahamas. In January, the country’s major crime problems prompted Prime Minister Perry Christie to step up the so-called war on crime. Leading opposition politicians demanded, among other things, that the death penalty...