economy

OUR BAHAMAS//investor information

The Bahamas is a stable developing nation, according to a United States of commerce report by the U.S. Embassy in Nassau. The economy is based mostly on tourism and offshore banking and construction. Retail and wholesale distributive trade, manufacture, agriculture and fisheries are the other major sectors of the economy. The Gross Domestic Product (GDP) of The Bahamas was estimated at $7.23 billion in 2007. Tourism generates about 48% of the total GDP and employs about half the Bahamian workforce.