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Possessing a pleasant subtropical climate and splendid beaches, the Bahamas are one of the most popular year-round resorts in the Western Hemisphere, visited in 2004 by 1.56 million tourists. Tourism plays a central role in the country’s economy and has helped make the Bahamas one of the wealthiest countries in the Caribbean region. Tourism has a downside, however. The huge numbers of visitors damage the island nation's environment. The islands' famous coral reefs, for example, are threatened by increased scuba diving and sport fishing. Merely brushing up against a bit of coral can kill it.

Because of favorable tax laws and secrecy for depositors, the Bahamas have also become an international banking center. Industrial activity is limited; it includes the transshipment and refining of petroleum and the production of steel pipe, pharmaceuticals, salt, rum, and shellfish. The unit of currency is the Bahamian dollar (1 Bahamian dollar equals U.S.$1; 2004).

Self-contained residence, situated with other similar units in a larger building.