Why are the Bahamas so poor?
Why are the Bahamas so poor? The Bahamas' poverty rate is mainly attributed to the country's high level of unemployment. Currently, a shocking 14.4% of its citizens are unemployed, which is significantly greater than the 4.3% unemployment rate in the United States. Is Bahamas an African country? Most of the population of The Bahamas is of African descent. There is a small but significant minority of mixed European and African heritage and a similar number of descendants of English pioneer settlers and loyalist refugees from the American Revolution. Why is the Bahamas considered tax haven and what are some of...