Country explorer: Bahamas
EXPERIMENTAL
2024
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Overview
Bahamas is a tropical, high-income island nation in the Caribbean with a very small population. Its economy has declined in recent decades, and is based on tourism, financial services and maritime industry.
The Bahamas is known for its stunning white sandy beaches and crystal clear blue waters.
Economy
The Bahamas has maintained a high GDP per capita compared to its regional peers, reflecting a relatively affluent economy, albeit with challenges such as varying unemployment rates and inflation fluctuations, common among island nations relying heavily on tourism and financial services.
Demographics
The Bahamas has experienced a gradual population growth, moderate net migration inflows amid fluctuations, a declining fertility rate towards replacement level, and broadly improving life expectancy, trends that align it closely with patterns observed in other high-income countries, albeit with its unique demographic nuances.
Basic needs
The Bahamas has consistently ensured 100% access to clean cooking fuels and electricity for its population, demonstrating a level of infrastructural development and living standards that align with high-income countries rather than its regional peers.
Human development
The Bahamas has demonstrated sustained human development marked by a gradual improvement in the Human Development Index, a significant reduction in child mortality rates, and high literacy rates, positioning itself advantageously among high-income countries while indicating notable progress in education and health sectors.
Environment & energy
The Bahamas has seen stable forest area and renewable internal freshwater resources per capita, with a notable increase in renewable energy sources, particularly solar power, reflecting a gradual shift towards sustainable energy practices.
Technology & innovation
The Bahamas has shown significant progress in technology and innovation, characterized by a steep increase in internet usage, above-average mobile phone subscriptions, and a fluctuating but generally increasing output of scientific and technical articles, indicating a growing engagement with digital technology and scientific research, aligning it closer to high-income countries in some aspects of technological adoption.
Culture & society
The Bahamas has experienced a noticeable increase in its immigrant population, a gradual reduction in gender inequality, and a consistent decrease in the age dependency ratio, reflecting societal transformations towards demographic diversification, improved gender parity, and evolving age demographics, in a manner that aligns it more closely with trends observed in high-income countries.
Governance
Bahamas has maintained a relatively stable perception of corruption, indicative of consistent governance practices when compared to fluctuations seen in its regional peers and aligning closer to standards observed in high-income countries.