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Flight ticket Bahamas

Demographics

A few people, especially in the southern and eastern islands, practice Obeah, a spiritistic religion similar to Voodoo. Voodoo is also practiced by a large number of people in Haiti.

Sailing and Track and field athletics are popular sports in the country. Football and rugby also have strong followings while American sports such as basketball, softball, baseball and American football are gaining in popularity.

Bahamians have won Olympic gold medals in sailing (Sir Durwood Knowles and Cecile Cooke in 1964) and track and field (Tonique Williams-Darling in the 400 m in 2004 and the women's relay team in the 4×100m in 2000). They are also very active in the world of karting, the current Bahamian champion is Genevieve Siddons.

Economy

The Bahamian dollar is pegged to the US dollar, and US notes and coins are used interchangeably with Bahamian notes and coins within the islands for most practical purposes. However, government mandated exchange controls still apply for the purchase of any foreign currency.

The Bahamas is classified as an upper middle-income developing country and has the third highest per capita income in the western hemisphere (after the United States and Canada). Tourism is the primary economic activity, accounting for about two thirds of the gross domestic product (GDP). Offshore finance is the second largest industry, accounting for about 15 per cent of GDP.

The government continues to promote tourism and financial services while aiming for greater diversification through agriculture, fishing, manufacturing and e-commerce.

In the 1960s, the country enjoyed robust growth averaging 9 per cent annually as direct foreign investment spurred the development of tourism. A global economic downturn after the 1973 oil price shock coincided with Bahamian independence and led to a drop in foreign investment. Toward the end of the decade economic performance improved, led by growth in tourism; and international narcotics trafficking. Real GDP growth in the 1980-84 period averaged 3 per cent, but declined in the late 1980s. GDP growth was 0.3 per cent in 1995 and accelerated to 6 per cent in 1999. After 9/11 the economy nosedived and began picking up again in 2003.

Historically, most development has occurred on New Providence and Grand Bahama, causing significant migration from the Family Islands to these two urban centres and straining their infrastructure. The government is also faced with the burden of duplicating facilities and services throughout the archipelago.