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The Bahamas Economy 

Economy Paragraph

The Bahamas have a strong economy, strongly driven by tourists, with a high GDP per capita. The Bahamas’ GDP per capita is $33,100 (2023 est.), and for comparison Cuba, the closest country to The Bahamas, has a GDP per capita of $7,449.68 (2022 est.). People in The Bahamas live pretty well. The Bahamas participate in significant numbers of imports and exports. Most of the imports come from the United States and are heavily relied on by The Bahamas. The major imports are refined petroleum, ships, cars, crude petroleum, coal tar oil (2022), and the major exports are refined petroleum, ships, aluminum, postage stamps/documents, plastics (2022). Some of the major companies based on revenue, employee size, ratings, online signals, and many other factors in The Bahamas are Fidelity Bank & Trust International and Commonwealth Bank. The Bahamas is a mostly export service economy that is almost entirely dependent on tourism and financial services to generate foreign exchange earnings (these are also the Bahamas' major industries). Tourism alone makes up about 50% of The Bahamas' GDP and about 70% of The Bahamas workforce. In summary, The Bahamas is a tourist-dependent country, a high-income nation, with a pretty good GDP, and one of the highest GNPs in the nation. 

Social & Economic Infographic

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