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Barbados Real Estate

We offer Barbados real estate investment information for Bridgetown, Holetown, Speightstown, Bathsheba and The Crane. Scroll down for more information about Barbados.

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About Barbados

Barbados Population: 278,289 (July 2004 est.)
Languages: English (official)
Capital: Bridgetown
Government Type: Parliamentary democracy; independent sovereign state within the Commonwealth
Independence Day: 30 November 1966 (from UK)
Legal System: English common law; no judicial review of legislative acts.
Currency: Barbadian dollar (BBD)

Executive Branch:

Chief of State: Queen ELIZABETH II (since 6 February 1952), represented by Governor General Sir Clifford Straughn HUSBANDS (since 1 June 1996).

Head of Government: Prime Minister Owen Seymour ARTHUR (since 6 September 1994); Deputy Prime Minister Mia MOTTLEY (since 26 May 2003) cabinet: Cabinet appointed by the governor general on the advice of the prime minister.

American Embassy: Canadian Imperial Bank of Commerce Building, Broad Street, Bridgetown
Address: P. O. Box 302, Bridgetown; CMR 1014, APO AA 34055
Phone: [1] (246) 436-4950 Fax: [1] (246) 429-5246

General Overview: The island was uninhabited when first settled by the British in 1627. Slaves worked the sugar plantations established on the island until 1834 when slavery was abolished. The economy remained heavily dependent on sugar, rum, and molasses production through most of the 20th century. The gradual introduction of social and political reforms in the 1940s and 1950s led to complete independence from the UK in 1966. In the 1990s, tourism and manufacturing surpassed the sugar industry in economic importance.

Economic Overview: Historically, the Barbadian economy had been dependent on sugarcane cultivation and related activities, but production in recent years has diversified into light industry and tourism. Offshore finance and information services are important foreign exchange earners. The government continues its efforts to reduce unemployment, to encourage direct foreign investment, and to privatize remaining state-owned enterprises. The economy contracted in 2002-03 mainly due to a decline in tourism. Growth should be positive in 2004, the precise level largely dependent on economic conditions in the US and Europe.

International Disputes: Barbados intends to take its claim before UNCLOS arbitration that the northern limit of Trinidad and Tobago's maritime boundary with Venezuela extends into its waters; joins other Caribbean states to counter Venezuela's claim that Aves Island sustains human habitation, a criterion under UNCLOS, which permits Venezuela to extend its EEZ/continental shelf over a large portion of the Caribbean Sea.

Barbados Map

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