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Canada-Bahamas fact sheet

Official Title:
Commonwealth of The Bahamas

General Information

Capital: Nassau
Population (million): .39
Total Area: 13,940km2
Currency: 1 CAN$ = 0.76 Bahamian dollar (BSD) (2020- Annual average)
National Holiday: July 10 (1973, Independence Day)
Language(s): English

Political Information

Type of State:
Constitutional Monarchy

Type of Government:
Bicameral Parliament consists of the Senate (16 seats; members appointed by the governor general upon the advice of the prime minister and the opposition leader to serve five-year terms) and the House of Assembly (38 seats; members elected by direct popular vote to serve five-year terms).

Head of State:
Governor General (Queen Elizabeth II) Sir Cornelius Alvin Smith

Head of Government:
Prime Minister Hubert Minnis

Ministers:
Foreign Affairs: Darren Henfield

Main Political Parties:
Free National Movement (FNM)(35 of 39 seats) and Progressive Liberal Party (PLP) in opposition (4 of 39 seats).

Elections:
Last: 2017. Next by 2022.

Economic Information (2020)

Comparative figures
Type Bahamas Canada
GDP: ($ billion) 13.26 2,200.85
GDP per capita: ($) 34,450.01 57,958.23
GDP growth rate: (%) -14.52 -5.31
Inflation: (%) 0.04 0.72
Unemployment: (%) 25.57 9.6

Source: IMF (estimates)

Product Trade and Investment (2020)

Canadian exports to country: $151,267,250
Canadian imports from country: $8,056,891
FDI in Canada: $ million
CDI in the country: $20,198 million

Source: Statistics Canada

Representation

Foreign Representation in Canada:
High Commissioner Alfred Kenneth Russell

Canadian Representation Abroad:
High Commissioner Emina Tudakovic

Please note that all statistics reflect Canadian dollars, with some figures reflecting the yearly averages for the year. If listed as ’0’ or absent, the figure is unavailable.

Bilateral Product trade
Canada - Bahamas
Year Exports Imports
2016 $121,510,976 $13,634,818
2017 $219,340,996 $12,897,171
2018 $399,813,171 $4,833,583
2019 $262,266,473 $19,278,444
2020 $151,267,250 $8,056,891
21 HS Sections (2020)
Canada - Bahamas
Section Exports Imports
01 Animal & Prod. $4,393,804 $318,887
02 Veg. Prod. $3,295,376 $9,909
03 Fats, Oils & Waxes Prod. $34,536 $988
04 Food Prod. $6,832,192 $501
05 Mineral Prod. $101,044,773 $3,759,941
06 Chemical Prod. $4,078,580 $2,376,795
07 Plastics, Rubber Prod. $1,032,244 $1,323
08 Leather, Fur Prod. $16,386 $
09 Wood Prod. $1,127,490 $36
10 Paper Prod. $4,965,736 $60
11 Textiles Prod. $160,631 $22,609
12 Dress Access. $24,832 $236
13 Glass & Stone Prod. $203,613 $168
14 Precious Metals/stones $139,514 $1,041
15 Base Metal Prod. $1,194,189 $16,539
16 Mach. Mech. Elec. Prod. $3,933,404 $50,868
17 Vehicles and Equip. $8,081,363 $529
18 Specialized Inst. $594,564 $3,051
19 Arms & Ammunition $ $
20 Misc. Articles $8,796,124 $5,340
21 Antiques $25,115 $1,452,231


October 2021
Sources include: Statistics Canada, IMF

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