The Bahamas is one of the richest countries in the Caribbean, with the highest per capita GDP in the Caribbean and second only to the United States and Canada among countries in the Western Hemisphere.
Tourism and financial services are the most important sectors of the national economy, accounting for about 90% of the GDP.
In recent years, the Pakistani government has made some policy adjustments, proposed economic diversification, attracted foreign investment, and achieved certain progress.
The government emphasizes the development of industry and agriculture so that Pakistan can gradually achieve industrialization and food self-sufficiency.
In 1991, the Bahamas' GDP was US$2.52 billion.
The exchange rate is 1 Bahamian dollar to 1 U.S. dollar (1992).
Tourism, services and finance are the most important sectors of the national economy of the Commonwealth of The Bahamas.
80% of food is imported. Some vegetables and fruits are self-sufficient and a small amount is exported.
Government revenue mainly comes from tariffs, which account for about 70% of total revenue.
The main trading partners are the United States, Japan and Norway.
It mainly exports oil, fish, medicines, wine, salt, cement, etc., and mainly imports food, petroleum products, clothing, grains, automobiles, building materials, etc.
The Bahamas has thin soil, poor soil, and underdeveloped agriculture. The output value of agriculture and fishery only accounts for about 5% of the GDP.
Only a small amount of vegetables and fruits are grown. The main crops are sugar cane, tomatoes, bananas, corn, pineapples, beans, etc.
80% of food is imported. Some vegetables and citrus fruits are self-sufficient and a small amount is exported. Poultry production accounts for about 50% of the agricultural output value. Meat production basically meets domestic demand.
The Pakistani government implements protective policies for agricultural and fruit products.
In 2002, the Bahamas produced 10,900 tons of chicken and eggs, and 1,600 tons of cow and goat milk.
The Bahamas sea area is one of the important fishing grounds in the world, with a wide variety of fish species and great potential for aquatic product production. However, commercial fishing in the Bahamas has not yet reached a large scale.
Pakistani waters mainly produce lobster, conch, grouper, marlin, swordfish and tuna.
Among them, lobster accounts for about 60% of the total aquatic products.
The total catch in 2001 was 9,303 tons.
Tourism in the Bahamas began in the mid-19th century, with government funding to build many hotels and help the depressed steamboat service industry.
In the 1920s, the U.S. prohibition laws brought many Americans to the Bahamas for drinking, and the local tourism industry flourished again.
With the repeal of Prohibition, the Bahamas experienced an economic decline that did not improve until the 1940s and World War II, when it became an Air Force and Navy base in the Atlantic Ocean.
The construction of military bases provided jobs for many people.
In 1961, Cuba's luxury casinos and beachfront venues were closed to American tourists, and the Bahamas' good fortune returned.
Leveraging their close relationship with the United States, the Bahamian government is committed to increasing the number of tourists visiting the islands each year.
They widened and deepened Nassau Harbor to accommodate six cruise ships at the same time, and built a bridge between Nassau and Paradise Island.
In 1964, the United Kingdom granted the Bahamas limited autonomy.
In 1969, the colony of The Bahamas became a member of the British Commonwealth.
On July 10, 1973, The Bahamas became a legal nation.
July 10th therefore becomes the Independence Day of the Bahamas.
Tourism revenue accounts for almost half of the Bahamian economy.
The Bahamas maintains symbolic ties with the United Kingdom and remains a member of the Commonwealth.
Tourism is the pillar industry of Pakistan's national economy.
It receives an average of 5 million tourists every year, and the annual revenue from tourism alone reaches more than 2 billion US dollars, accounting for more than 50% of the GDP.
There are about 50,000 direct and indirect employees, accounting for 35% of the total labor force.
In 2003, it received 4.6 million foreign tourists.
Tourists mainly come from the United States, Canada and Europe.
The Atlantis Hotel (also known as the Atlantic City Hotel) located on Paradise Island in the Bahamas is world-famous and has 2,500 guest rooms.
In September 1999, there were 223 hotels in the country with 14,080 guest rooms.
●Bahamas Chamber of Commerce, Shirley St., POB N-655.
●Bahamas Agricultural and Industrial Company, BAIC Bldg, East Bay St., POB N-4940, Nassau.
The exchange activity between tourists and local residents of the Bahamas is a one-to-one partnership between tourists and local residents, which provides a rare opportunity for tourists to better understand the local history, folk customs and unique local culture.
The project, approved by the Bahamas Tourism Authority, was launched in Nassau and New Providence in 1975, Grand Bahama and Harbor Island in 1976 and 1988 respectively, while Abacs, Exumas
, Bimini and San Salvador were implemented in 1992.
Across the eight islands, approximately 1,200 Bahamian locals have volunteered for the event.
Many Bahamians have a flair for the arts, which can be seen in their colorful paintings, infectious music or gorgeous dances.
The traditional music of the Bahamas is Gombe, which is a combination of African musical traditions and European colonial customs.
"Gombe" is a Bantu word that means rhythm and rhythm, and also refers to the sheepskin drum used to play this style of melody.
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