The population of the Bahamas in 2017 was 395,000 people, with the majority of the population living in urban areas such as Nassau and Freeport. The economy of the Bahamas is heavily reliant on tourism, with a GDP of $10.5 billion and a moderate per capita income. The Bahamas is a member of the Commonwealth of Nations and the Caribbean Community (CARICOM), and has close ties to many countries throughout the Caribbean region as well as United States. In terms of politics, The Bahamas is a constitutional monarchy with Queen Elizabeth II as its head of state. The Prime Minister is Hubert Minnis who leads the Free National Movement which has been in power since May 2017. See militarynous for Bahamas military and defense.
Yearbook 2017
Bahamas. In the May elections, the Free National Movement (FNM) Party regained power after five years in opposition. The FNM received a full 35 out of 39 seats in Parliament’s lower house against only four for the former Progressive Liberal Party (PLP). According to Countryaah.com, the election victory was a great triumph for FNM party leader Hubert Minnis, who at the end of 2016 temporarily saw himself replaced as opposition leader by party mate Loretta Butler-Turner. However, she was excluded from the party in April 2017. Minnis became the new prime minister after the election. The PLP’s great loss was partly explained by corruption scandals and the fact that the construction of the huge tourist resort Baha Mar has been delayed. According to the original plans, Baha Mar should have been ready in December 2014. However, during the journey, the multibillion project has gone bankrupt and gained new owners. See ABBREVIATIONFINDER for frequently used acronyms and abbreviations related to as well as country profile of Bahamas.
