How is the Bahamas doing economically?
How is the Bahamas doing economically? According to the International Monetary Fund's 2022 Country Report, The Bahamas is experiencing a tourism-led rebound, and real GDP growth in 2021 was close to 14 percent. This GDP growth is a significant improvement from a decline of 16 percent in 2020 that corresponded to a loss of more than $2 billion in real GDP.
Is healthcare free in the Bahamas?
The government of the Bahamas supervises and administers the healthcare system in the country. Pregnant women, children, civil servants, and senior citizens over 60 years old have access to free healthcare. Regardless of one's ability to pay, access to public health care services is often free of charge.
Is there poverty in the Bahamas?
Since 2001, the rate of poverty in The Bahamas has increased by approximately 59%, with close to 15% of Bahamians currently living below the poverty line as of 2013. Food insecurity, natural disasters and complications associated with a tourism-based economy are all factors contributing to poverty in The Bahamas.
Is Bahamas a peaceful country?
Travellers may be victims of violent crime, including in resorts. Be aware of your surroundings and keep valuables out of sight (see 'Safety'). We advise: Exercise a high degree of caution in The Bahamas overall due to the high levels of violent crime.
Is the Bahamas a good place to live?
Whether you're looking for safety, a waterfront property, or a city-based Bahamas condo, The Bahamas has is all. There are endless reasons to move to The Bahamas: from great tax incentives (like its tax-neutral status) to the near-perfect tropical weather, you'll fall in love with everything The Bahamas offers.
What are the cons of living in The Bahamas?
The Bahamas does have a high cost of living , which is a result of the country's imposition of high value-added taxes on groceries, furniture, appliances, and clothing. This isn't too much of an issue if you're planning to buy a vacation home but for those who want to buy a permanent home, it could be a factor.
Why is the Bahamas so special?
The Bahamas is home to the planet's third largest great barrier reef. Andros Barrier Reef, located off the east coast of Andros Island, is 190 miles long. This massive living organism is unique even among other barrier reefs due to its rare depth of 6,000 feet – though much of it remains visible near the surface.