Bahamas - Country Code 1-242

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IDD Code: 011
Country Code: 1-242
ISO: BS
ISO3: BHS

Helpful Information About Bahamas

Time Time
Monday, March 31, 2025 Capital: Nassau
Time Zone Time Zone
UTC-05:00
Time Difference Time Difference
Nassau, Bahamas is ()
Daylight Savings Time Daylight Savings Time
Bahamas does not follow DST
Weather Weather
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Country Information Icon About Bahamas
Country NameBahamas
ContinentNorth America
Lat/Long25.03428000, -77.39628000
BackgroundLLucayan Indians inhabited the islands when Christopher COLUMBUS first set foot in the New World on San Salvador in 1492. British settlement of the islands began in 1647; the islands became a colony in 1783. Piracy thrived in the 17th and 18th centuries because of The Bahamas close proximity to shipping lanes. Since attaining independence from the UK in 1973, The Bahamas has prospered through tourism, international banking, and investment management. Because of its location, the country is a major transshipment point for illegal drugs, particularly shipments to the US and Europe, and its territory is used for smuggling illegal migrants into the US.
Population327,316
LanguagesEnglish (official), Creole (among Haitian immigrants)
ReligionsProtestant 69.9% (includes Baptist 34.9%, Anglican 13.7%, Pentecostal 8.9% Seventh Day Adventist 4.4%, Methodist 3.6%, Church of God 1.9%, Brethren 1.6%), Roman Catholic 12%, other Christian 13% (includes Jehovah's Witness 1.1%), other 0.6%, none 1.9%, unspecified 2.6% (2010 est.)
Ethnic GroupsBlack 90.6%, white 4.7%, black and white 2.1%, other 1.9%, unspecified 0.7% (2010 est.)
Economy Icon Economy
EconomyThe Bahamas has the second highest per capital GDP in the English-speaking Caribbean with an economy heavily dependent on tourism and international banking. Tourism accounts for approximately 75-80% of GDP and directly or indirectly employs half of the archipelago's labor force. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. Manufacturing and agriculture combined contribute less than 7% of GDP and show little growth, despite government incentives aimed at those sectors. On January 1, 2015, the Government introduced a 7.5% Value Added Tax (VAT) on most goods and services, a measure designed to strengthen the fiscal balance sheet. In August 2016, Moody’s downgraded the Bahamas’ bond and issue ratings to Baa3 from Baa2 with a stable outlook, maintaining that rating in its February 2017 review. In December 2016, S&P downgraded the country to BB+ (speculative grade) from BBB- (investment grade) with a stable outlook based on projections of slow economic growth and the pace of debt accumulation. The Bahamas is the only country in the Western Hemisphere that is not a member of the World Trade Organization.
GDP$9.047 billion (2016 est.)
CurrencyDollar
Economy Icon Communications
Internet TLD.bs
Internet Users253,000
Land Lines120,925
Mobile Phones311,000
Broadcast MediaThe Bahamas has 4 major TV providers that provide service to all major islands in the archipelago; 1 TV station is operated by government-owned, commercially run Broadcasting Corporation of the Bahamas (BCB) and competes freely with 3 privately owned TV stations; multi-channel cable TV subscription service is widely available; there are 31 licensed broadcast (radio) service providers, 28 are privately owned FM radio stations operating on New Providence, Grand Bahama Island, Abaco Island, and on smaller islands in the country; the BCB operates a multi-channel radio broadcasting network that has national coverage; the sector is regulated by the Utilities Regulation and Competition Authority (2017)