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Bahamas, The

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Background:
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Arawak 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. Since attaining independence from the UK in 1973, The
Bahamas have prospered through tourism and international banking and
investment management. Because of its geography, the country is a
major transshipment point for illegal drugs, particularly shipments
to the US, and its territory is used for smuggling illegal migrants
into the US.
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Location:
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Caribbean, chain of islands in the North Atlantic Ocean, southeast
of Florida, northeast of Cuba
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Geographic coordinates:
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24 15 N, 76 00 W
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Area:
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total: 13,940 sq km
land: 10,070 sq km
water: 3,870 sq km |
Land boundaries:
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0 km |
Coastline:
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3,542 km |
Maritime claims:
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territorial sea: 12 nm
exclusive economic zone: 200 nm |
Climate:
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tropical marine; moderated by warm waters of Gulf Stream
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Terrain:
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long, flat coral formations with some low rounded hills
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Elevation extremes:
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lowest point: Atlantic Ocean 0 m
highest point: Mount Alvernia, on Cat Island 63 m
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Natural resources:
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salt, aragonite, timber, arable land
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Land use:
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arable land: 0.58%
permanent crops: 0.29%
other: 99.13% (2005)
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Irrigated land:
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10 sq km (2003)
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Natural hazards:
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hurricanes and other tropical storms cause extensive flood and wind
damage |
Environment - current issues:
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coral reef decay; solid waste disposal
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Geography - note:
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strategic location adjacent to US and Cuba; extensive island chain
of which 30 are inhabited
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Population:
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303,770
note: estimates for this country explicitly take into account
the effects of excess mortality due to AIDS; this can result in
lower life expectancy, higher infant mortality and death rates,
lower population and growth rates, and changes in the distribution
of population by age and sex than would otherwise be expected (July
2006 est.)
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Age structure:
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0-14 years: 27.5% (male 41,799/female 41,733)
15-64 years: 66.1% (male 98,847/female 102,074)
65 years and over: 6.4% (male 7,891/female 11,426) (2006
est.) |
Median age:
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total: 27.8 years
male: 27.1 years
female: 28.6 years (2006 est.)
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Population growth rate:
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0.64% (2006 est.)
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Birth rate:
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17.57 births/1,000 population (2006 est.)
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Death rate:
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9.05 deaths/1,000 population (2006 est.)
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Net migration rate:
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-2.17 migrant(s)/1,000 population (2006 est.)
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Sex ratio:
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at birth: 1.02 male(s)/female
under 15 years: 1 male(s)/female
15-64 years: 0.97 male(s)/female
65 years and over: 0.69 male(s)/female
total population: 0.96 male(s)/female (2006 est.) |
Infant mortality rate:
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total: 24.68 deaths/1,000 live births
male: 30.29 deaths/1,000 live births
female: 18.96 deaths/1,000 live births (2006 est.) |
Life expectancy at birth:
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total population: 65.6 years
male: 62.24 years
female: 69.03 years (2006 est.)
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Total fertility rate:
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2.18 children born/woman (2006 est.)
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HIV/AIDS - adult prevalence rate:
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3% (2003 est.)
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people living with HIV/AIDS:
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5,600 (2003 est.)
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HIV/AIDS - deaths:
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less than 200 (2003 est.)
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Nationality:
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noun: Bahamian(s)
adjective: Bahamian |
Ethnic groups:
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black 85%, white 12%, Asian and Hispanic 3%
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Religions:
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Baptist 35.4%, Anglican 15.1%, Roman Catholic 13.5%, Pentecostal
8.1%, Church of God 4.8%, Methodist 4.2%, other Christian 15.2%,
none or unspecified 2.9%, other 0.8% (2000 census) |
Languages:
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English (official), Creole (among Haitian immigrants)
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Literacy:
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definition: age 15 and over can read and write
total population: 95.6%
male: 94.7%
female: 96.5% (2003 est.)
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Country name:
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conventional long form: Commonwealth of The Bahamas
conventional short form: The Bahamas |
Government type:
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constitutional parliamentary democracy
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Capital:
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Nassau |
Administrative divisions:
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21 districts; Acklins and Crooked Islands, Bimini, Cat Island,
Exuma, Freeport, Fresh Creek, Governor's Harbour, Green Turtle Cay,
Harbour Island, High Rock, Inagua, Kemps Bay, Long Island, Marsh
Harbour, Mayaguana, New Providence, Nichollstown and Berry Islands,
Ragged Island, Rock Sound, Sandy Point, San Salvador and Rum Cay
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Independence:
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10 July 1973 (from UK)
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National holiday:
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Independence Day, 10 July (1973)
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Constitution:
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10 July 1973
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Legal system:
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based on English common law
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Suffrage:
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18 years of age; universal
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Legislative branch:
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bicameral Parliament consists of the Senate (16-member body
appointed by the governor general upon the advice of the prime
minister and the opposition leader for five-year terms) and the
House of Assembly (40 seats; members elected by direct popular vote
to serve five-year terms); the government may dissolve the
Parliament and call elections at any time
elections: last held 1 May 2002 (next to be held by May 2007)
election results: percent of vote by party - PLP 50.8%, FNM
41.1%, independents 5.2%; seats by party - PLP 29, FNM 7,
independents 4 |
Judicial branch:
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Privy Council (London); Courts of Appeal; Supreme (lower) Court;
magistrates courts |
Economy - overview:
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The Bahamas is a stable, developing nation with an economy heavily
dependent on tourism and offshore banking. Tourism together with
tourism-driven construction and manufacturing accounts for
approximately 60% of GDP and directly or indirectly employs half of
the archipelago's labor force. Steady growth in tourism receipts and
a boom in construction of new hotels, resorts, and residences had
led to solid GDP growth in recent years, but the slowdown in the US
economy and the attacks of 11 September 2001 held back growth in
these sectors in 2001-03. The current government has presided over a
period of economic recovery and an upturn in large-scale private
sector investments in tourism. Financial services constitute the
second-most important sector of the Bahamian economy, accounting for
about 15% of GDP. However, since December 2000, when the government
enacted new regulations on the financial sector, many international
businesses have left The Bahamas. Manufacturing and agriculture
together contribute approximately a tenth of GDP and show little
growth, despite government incentives aimed at those sectors.
Overall growth prospects in the short run rest heavily on the
fortunes of the tourism sector, which depends on growth in the US,
the source of more than 80% of the visitors. |
GDP (purchasing power parity):
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$5.696 billion (2005 est.)
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GDP (official exchange rate):
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$5.779 billion (2005 est.)
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GDP - real growth rate:
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3% (2005 est.)
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GDP - per capita (PPP):
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$18,900 (2005 est.)
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GDP - composition by sector:
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agriculture: 3%
industry: 7%
services: 90% (2001 est.) |
Labor force:
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176,300 (2004)
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Labor force - by occupation:
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agriculture 5%, industry 5%, tourism 50%, other services 40% (2005
est.) |
Unemployment rate:
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10.2% (2005 est.)
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Population below poverty line:
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9.3% (2004)
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: 27% |
Inflation rate (consumer prices):
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1.2% (2004) |
Budget:
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revenues: $1.03 billion
expenditures: $1.03 billion; including capital expenditures
of $130 million (FY04/05) |
Agriculture - products:
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citrus, vegetables; poultry
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Industries:
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tourism, banking, cement, oil transshipment, salt, rum, aragonite,
pharmaceuticals, spiral-welded steel pipe |
Electricity - production:
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1.81 billion kWh (2003)
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Electricity - consumption:
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1.683 billion kWh (2003)
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Oil - consumption:
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23,000 bbl/day (2003 est.)
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Oil - exports:
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transhipments of 29,000 bbl/day (2003)
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Exports:
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$469.3 million (2004 est.)
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Exports - commodities:
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mineral products and salt, animal products, rum, chemicals, fruit
and vegetables |
Exports - partners:
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US 40.5%, Poland 13.4%, Spain 12.3%, Germany 5.9%, France 4.3%
(2004) |
Imports:
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$1.82 billion (2004 est.)
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Imports - commodities:
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machinery and transport equipment, manufactures, chemicals, mineral
fuels; food and live animals |
Imports - partners:
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US 22.4%, South Korea 18.9%, Brazil 9.2%, Japan 7.9%, Italy 7.8%,
Venezuela 6.6% (2004) |
Debt - external:
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$342.6 million (2004 est.)
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Economic aid - recipient:
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$5 million (2004)
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Currency (code):
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Bahamian dollar (BSD)
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Fiscal year:
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1 July - 30 June
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Telephones - main lines in use:
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139,900 (2004)
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Telephones - mobile cellular:
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186,000 (2004)
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Telephone system:
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general assessment: modern facilities
domestic: totally automatic system; highly developed
international: country code - 1-242; tropospheric scatter and
submarine cable to Florida; 3 coaxial submarine cables; satellite
earth station - 2 (2005) |
Radio broadcast stations:
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AM 3, FM 5, shortwave 0 (2006)
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Television broadcast stations:
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2 (2006) |
Internet country code:
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.bs |
Internet hosts:
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359 (2005) |
Internet users:
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93,000 (2005) |
Airports:
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64 (2005) |
Airports - with paved runways:
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total: 30
over 3,047 m: 2
2,438 to 3,047 m: 3
1,524 to 2,437 m: 14
914 to 1,523 m: 10
under 914 m: 1 (2005)
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Airports - with unpaved runways:
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total: 34
1,524 to 2,437 m: 3
914 to 1,523 m: 9
under 914 m: 22 (2005) |
Heliports:
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1 (2005) |
Roadways:
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total: 2,693 km
paved: 1,546 km
unpaved: 1,147 km (1999) |
Merchant marine:
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total: 1,156
by type: barge carrier 1, bulk carrier 226, cargo 251,
chemical tanker 60, combination ore/oil 18, container 71, liquefied
gas 31, livestock carrier 2, passenger 118, passenger/cargo 37,
petroleum tanker 171, refrigerated cargo 121, roll on/roll off 18,
specialized tanker 4, vehicle carrier 27
foreign-owned: 1,070 (Angola 5, Australia 3, Belgium 11,
Canada 14, China 5, Croatia 1, Cuba 1, Cyprus 13, Denmark 65, Egypt
1, Estonia 1, Finland 7, France 28, Germany 12, Greece 217, Hong
Kong 7, Indonesia 2, Ireland 2, Israel 5, Italy 6, Japan 51, Jordan
2, Kenya 1, Latvia 1, Malaysia 12, Monaco 17, Netherlands 25, NZ 1,
Nigeria 2, Norway 258, Philippines 1, Poland 15, Reunion 1, Russia
4, Saudi Arabia 12, Serbia and Montenegro 2, Singapore 14, Slovenia
1, Spain 11, Sweden 10, Switzerland 7, Thailand 1, Turkey 10, UAE
14, UK 68, US 121, Uruguay 2)
registered in other countries: 5 (Barbados 1, Liberia 2,
Panama 1, unknown 1) (2005) |
Ports and terminals:
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Freeport, Nassau, South Riding Point
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Military branches:
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Royal Bahamaian Defense Force (naval forces) (2004)
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Disputes - international:
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disagrees with the US on the alignment of the maritime boundary;
continues to monitor and interdict Haitian refugees fleeing economic
privation and political instability |
Illicit drugs:
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transshipment point for cocaine and marijuana bound for US and
Europe; offshore financial center |
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