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Economy Of The Bahamas
The economy of the Bahamas is dependent upon tourism and offshore banking. The Bahamas is the richest country in the West Indies. It is a stable, developing nation in the Lucayan Archipelago, with a population of 391,232 (2016). Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth for many years. The slowdown in the Economy of the United States and the September 11 attacks held back growth in these sectors from 2001 to 2003. 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 10% of GDP and show little growth, despite government incentives for those sectors. Overall growth prospects in the short run rest heavily on the fortune ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nassau, Bahamas
Nassau ( ) is the capital and largest city of The Bahamas. It is on the island of New Providence, which had a population of 246,329 in 2010, or just over 70% of the entire population of The Bahamas. As of April 2023, the preliminary results of the 2022 census of The Bahamas reported a population of 296,522 for New Providence, 74.26% of the country's population. Nassau is commonly defined as a primate city, dwarfing all other towns in the country. It is the centre of commerce, education, law, administration, and media of the country. Lynden Pindling International Airport, the major airport for The Bahamas, is located about west of the city centre of Nassau, and has daily flights to and from major cities in Canada, the Caribbean, the United Kingdom and the United States. Nassau is the site of the House of Assembly and various judicial departments and was considered historically to be a stronghold of pirates. The city was named in honour of William III of England, Prince of Or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tourism
Tourism is travel for pleasure, and the Commerce, commercial activity of providing and supporting such travel. World Tourism Organization, UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes". Tourism can be Domestic tourism, domestic (within the traveller's own country) or International tourism, international. International tourism has both incoming and outgoing implications on a country's balance of payments. Between the second half of 2008 and the end of 2009, tourism numbers declined due to a severe Economy, economic slowdown (see Great Recession) and the outbreak of the 2009 2009 flu pandemic, H1N1 influenza virus. These numbers, however, recovered until the COVID-19 pandemic put an abrupt end to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lucayan Archipelago
The Lucayan Archipelago, also known as the Bahamian Archipelago, is an island group comprising the Commonwealth of The Bahamas and the British Overseas Territory of the Turks and Caicos Islands. The archipelago is in the western North Atlantic Ocean, north of Cuba and the other Antillean Islands, and east and south-east of Florida. William Keegan writes: "Modern political considerations aside, the islands form a single archipelago with common geological, ecological, and cultural roots." Though it is generally considered part of the Caribbean region, the Lucayan Archipelago is not geographically located within the Caribbean Sea. Countries and territories * The Bahamas * Turks and Caicos Islands (United Kingdom) The Mouchoir Bank, the Silver Bank, and the Navidad Bank are a submerged continuation of the archipelago, to the southeast of the Turks and Caicos Islands. Mouchoir Bank is disputed between the Turks and Caicos Islands and Dominican Republic; Silver Bank and N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Indies
The West Indies is an island subregion of the Americas, surrounded by the Atlantic Ocean, North Atlantic Ocean and the Caribbean Sea, which comprises 13 independent island country, island countries and 19 dependent territory, dependencies in three archipelagos: the Greater Antilles, the Lesser Antilles, and the Lucayan Archipelago. The subregion includes all the islands in the Antilles, in addition to The Bahamas and the Turks and Caicos Islands, which are in the Atlantic Ocean, North Atlantic Ocean. The term is often interchangeable with "Caribbean", although the latter may also include coastal regions of Central America, Central and South American mainland nations, including Mexico, Belize, Honduras, Panama, Colombia, Venezuela, French Guiana, Guyana, and Suriname, as well as the Atlantic Ocean, Atlantic island nation of Bermuda, all of which are geographically distinct from the three main island groups, but culturally related. Terminology The English term ''Indie'' is deri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bahamas
The Bahamas, officially the Commonwealth of The Bahamas, is an Archipelagic state, archipelagic and island country within the Lucayan Archipelago of the Atlantic Ocean. It contains 97 per cent of the archipelago's land area and 88 per cent of its population. It comprises more than 3,000 islands, cays and islets in the Atlantic Ocean, and is located north of Cuba and north-west of the island of Hispaniola (split between the Dominican Republic and Haiti) and the Turks and Caicos Islands, southeast of the U.S. state of Florida and east of the Florida Keys. The Capital city, capital and largest city is Nassau, The Bahamas, Nassau on the island of New Providence. The Royal Bahamas Defence Force describes the Bahamas' territory as encompassing of ocean space. The Bahama islands were inhabited by the Arawak and Lucayan people, Lucayans, a branch of the Arawakan-Taino language, speaking Taíno, for many centuries. Christopher Columbus was the first European to see the islands, making ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Offshore Bank
An offshore bank is a bank that is operated and regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and transparency, accounts with offshore banks were often used to hide undeclared income. Since the 1980s, jurisdictions that provide financial services to nonresidents on a big scale can be referred to as offshore financial centres. OFCs often also levy little or no corporation tax and/or personal income and high direct taxes such as duty, making the cost of living high. With worldwide increasing measures on CTF ( combatting the financing of terrorism) and AML ( anti-money laundering) compliance, the offshore banking sector in most jurisdictions was subject to changing regulations. Since 2002 the Financial Action Task Force issues the so-called FATF blacklist of "Non-Cooperative Countries or Territories" (NCCTs), which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Ratings and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. Corporate history The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, '' Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Observatory Of Economic Complexity
The Observatory of Economic Complexity (OEC) is an online data visualization and distribution platform for international trade data designed and owned bDatawheel Through interactive visualizations, the OEC aims to make global trade data accessible and understandable. The site consists of a series of periodically updated profiles dedicated to exploring trade data for countries and their regions, companies, products, and international organizations. It also features bilateral profiles that allow exploring the trade relationships between different countries and between countries and products. The platform has developed an arrangement of tools dedicated to exploring trade datasets and making data cuts with its Data, Company, and Trend Explorers or building custom visualizations with its Viz builder. The OEC also features economic complexity data through indicators, maps, rankings, and publications, making it a resource for researchers, trade experts, businesses, students, and other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pharmaceuticals
Medication (also called medicament, medicine, pharmaceutical drug, medicinal product, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy ( pharmacotherapy) is an important part of the medical field and relies on the science of pharmacology for continual advancement and on pharmacy for appropriate management. Drugs are classified in many ways. One of the key divisions is by level of control, which distinguishes prescription drugs (those that a pharmacist dispenses only on the medical prescription) from over-the-counter drugs (those that consumers can order for themselves). Medicines may be classified by mode of action, route of administration, biological system affected, or therapeutic effects. The World Health Organization keeps a list of essential medicines. Drug discovery and drug development are complex and expensive endeavors undertaken by pharmaceutical companies, academic scientists, and governments. As a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aragonite
Aragonite is a carbonate mineral and one of the three most common naturally occurring crystal forms of calcium carbonate (), the others being calcite and vaterite. It is formed by biological and physical processes, including precipitation from marine and freshwater environments. The crystal lattice of aragonite differs from that of calcite, resulting in a different crystal shape, an orthorhombic crystal system with acicular crystal. Repeated twinning results in pseudo-hexagonal forms. Aragonite may be columnar or fibrous, occasionally in branching helictitic forms called ''flos-ferri'' ("flowers of iron") from their association with the ores at the Carinthian iron mines. Occurrence The type location for aragonite is Molina de Aragón in the Province of Guadalajara in Castilla-La Mancha, Spain, for which it was named in 1797. Aragonite is found in this locality as cyclic twins inside gypsum and marls of the Keuper facies of the Triassic. This type of aragoni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salt
In common usage, salt is a mineral composed primarily of sodium chloride (NaCl). When used in food, especially in granulated form, it is more formally called table salt. In the form of a natural crystalline mineral, salt is also known as rock salt or halite. Salt is essential for life in general (being the source of the essential dietary minerals sodium and chlorine), and saltiness is one of the basic human tastes. Salt is one of the oldest and most ubiquitous food seasonings, and is known to uniformly improve the taste perception of food. Salting, brining, and pickling are ancient and important methods of food preservation. Some of the earliest evidence of salt processing dates to around 6000 BC, when people living in the area of present-day Romania boiled spring water to extract salts; a salt works in China dates to approximately the same period. Salt was prized by the ancient Hebrews, Greeks, Romans, Byzantines, Hittites, Egyptians, and Indians. Salt became a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transshipment
Transshipment, trans-shipment or transhipment is the shipment of goods or containers to an intermediate destination, then to another destination. One possible reason for transshipment is to change the means of transport during the journey (e.g., from ship transport to road transport), known as transloading. Another reason is to combine small shipments into a large shipment (consolidation), or the opposite: dividing a large shipment into smaller shipments (deconsolidation). Transshipment usually takes place in transport hubs. Much international transshipment also takes place in designated customs areas, thus avoiding the need for customs checks or duties, otherwise a major hindrance for efficient transport. An item handled (from the shipper's point of view) as a single movement is not generally considered transshipped, even if it changes from one mode of transport to another at several points. Previously, it was often not distinguished from transloading, since each leg of such a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
