The Bahamas Global Economy PowerpointPresentation Transcript
Anish Desai Global Economy PowerPoint Principles of Business
The Exchange Rate for 1 US dollar and 1 Bahaman dollar is the same.
Imports can come from US, South Korea, Japan, Italy, Singapore, Venezuela, and Spain
machinery and transport equipment
Exports can go out to US, Singapore, Spain, Poland, Germany, Guatemala, Switzerland
mineral products and salt
fruit and vegetables
The type of economy is Constitutional Parliamentary Democracy
Advantages : The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking.
Disadvantages : Since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left The Bahamas. Also tourist arrivals have been on the decline since 2006 and will likely drop even further in 2009
The Current Tax rate of the Bahamas is 15%.
The GDP of the Bahamas is : $6.935 billion
The GDP per capita : $29,900
Unemployment Rate : 7.6%
One major company in the Bahamas is Rum Cay.
They produce rum and export to many countries.
They have been in business for around 100 years.
Grand Bahamas Food Company Ltd exports foods to many countries
They produce many fruits and vegetables
They have been in business for about 20 years
The Bahamian Economy is shrinking
It is feeling some of the same affects as the US did