The Bahamas Economy - 1986

GEOGRAPHICAL NAMES 

CNP: $1.8 billion (1984), $7,950 per capita; real growth rate 2% (1984)

Natural resources: salt, aragonite, timber

Agriculture: food importer; main crops fish, fruits, vegetables

Major industries: banking, tourism, cement, oil refining and transshipment, lumber, salt production, rum, aragonite, pharmaceuticals, spiral weld, and steel pipe

Electric power: 348,000 kW capacity (1985); 880 million kWh produced (1985), 3,793 kWh per capita

Exports: $2.3 billion (f.o.b., 1984); pharmaceuticals, cement, rum, crayfish

Imports: $3.0 billion (c.i.f., 1984); foodstuffs, manufactured goods, mineral fuels

Major trade partners: exports—US 90%, UK 10%; imports—Iran 30%, Nigeria 20%, US 10%, EC 10%, Gabon 10% (1981)

Aid: economic—US economic commitments, including Ex-Im (1970-80), from US, $42 million; ODA and OOF economic commitments (1970-83), $140 million; no military aid

Budget: (1984 prelim.) revenues, $347 million; expenditures, $363 million

Monetary conversion rate: 1 Bahamian dollar=US$l (September 1985)

Fiscal year: calendar year

NOTE: The information regarding The Bahamas on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of The Bahamas 1986 information contained here. All suggestions for corrections of any errors about The Bahamas 1986 should be addressed to the CIA or the source cited on each page.