<Tr> <Th> Credit rating </Th> <Td> BBB+ (Domestic) BBB+ (Foreign) A - (T&C Assessment) (Standard & Poor's) </Td> </Tr> <Tr> <Td_colspan="2"> Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars . </Td> </Tr> <P> The Bahamas is a stable, developing nation in the Caribbean with a population of 391,232 (2016) and an economy heavily dependent on tourism and offshore banking . Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth for many years, but the slowdown in the US economy and the attacks of September 11, 2001 held back growth in these sectors in 2001 - 03 . Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP . However, since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left the Bahamas . Manufacturing and agriculture together contribute approximately 10% of GDP and show little growth, despite government incentives for those sectors . Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector, which depends on growth in the US, the source of more than 80% of the visitors . In addition to tourism and banking, the government supports the development of a "2nd - pillar", e-commerce . </P> <P> The Bahamian economy is almost entirely dependent on tourism and financial services to generate foreign exchange earnings . </P>

What type of economic system does the bahamas have
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