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The Bahamas is successful essentially because it's a subsidiary of the US. With 80% of it's economy based on tourism and most of the rest on financial services
by wonderwonder 4y ago
The Bahamas is successful essentially because it's a subsidiary of the US. With 80% of it's economy based on tourism and most of the rest on financial services for people that want lee way. If cruise ships stopped going there the island would collapse in a few months.
- opportune 4y agoThere is tourism in Africa and there could potentially be a lot more of it, if there were more infrastructure and less social/political problems. It’s not that hard for me to get to Dakar or Windhoek as it is, and I could certainly see myself enjoying those destinations if there were more to do
- thinkingemote 4y agoCruise ships stopped during the recent pandemic. Did it collapse? I imagine it suffered, but do we know what happened?
- wonderwonder 4y agoThat is a good point. Their GDP is 11.2 billion. Their losses during Covid are estimated at $7.9 billion. They did survive. https://www.iadb.org/en/news/covid-19-effects-and-impacts-bahamas-estimated-95-billion#:~:text=Most%20losses%20due%20to%20COVID,the%20fall%20in%20stopover%20visitors https://www.iadb.org/en/news/covid-19-effects-and-impacts-ba....