Bahamas Technology Theme Park

Tourism Park Exhibit

Welcome to the islands of The Commonwealth of The Bahamas - A natural beauty and ideal location for both tourists and business people.

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The country has been blessed by its proximity to the United States (US) in addition to its pristine waters, islands and beaches. Stable parliamentary politics and an openness to foreign investment, combined with a development strategy based around tourism, real estate, financial services and maritime industries, have given the Bahamas the third highest GDP per capita in the Western hemisphere, behind the US and Canada. 
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The country's openness and location has ended up being both a strength that has helped power its development, as well as a weakness since the country acutely feels the effects of any changes to its neighbor's economic well-being. 

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Furthermore, the Bahamian economy is principally service-based, with service sectors providing 72% of account receipts and tourism contributing 84% of total services receipts. 

Its largest natural resources are its islands, of which there are 700 but only around 30 or so are actually inhabited. This has led to a sprawling second-home market, while the absence of most personal and corporate taxes have also made it an ideal location for wealthy individuals seeking privacy and a safe offshore location to domicile their wealth. 

 

Economic diversification remains elusive, although there are opportunities for industry, light manufacturing and transhipment on Grand Bahama Island.