Download Building the Bahamian Economy

Building the Bahamian Economy
Robert W. Robertson, PhD
President
Fulbright Scholar
Bahamas Technical and Vocational Institute
CCID July 2016
Agenda
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Bahamas: Fast Facts
BTVI: Introduction
National Development Plan: Vision 2040
Closing the Skills Gap
Summary
The Bahamas Fast Facts
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Population:
– Population 351,461
– Population density per square mile 65
– Births were 16 per 1000 people and 7 deaths per 1,000 people, average annual
population growth 0.904%.
Growth Domestic Product (GDP):
– $8,853,519,000 ($8.8B)
Growth:
– Current: 2.74% Constant: –1.66%
Per Capita Income:
– Estimated: $23,950
Educational level:
– For the population age Fifteen (15) years or older, 54% attained high school level
education.
– 26% of women to 18% of men were more likely to participate in higher education.
Bahamas Economic Sectors
Agriculture & Fisheries
2%
25%
12%
Financial Intermediateries
15%
Government
21%
25%
Industry & related services
Real Estate/Business
Activities
Tourism & related services
Bahamas Unemployment Rate
18
15.7
16
14.2
14
14
12
10
8
7.6
8.7
Actual
6
4
2
0
2006
2008
2010
2012
2014
The Bahamas Technical & Vocational Institute (BTVI) was first established in 1949.
BTVI Fast Facts
Programmes
6 Associate of Applied Science Degrees
4 Diploma Programmes
22 Certificate and Special Interest Courses
Student Financial Aid: Government $401,516 - Private $27,502
Articulation Agreements and Memoranda of Understanding:
• Holland College, Prince Edward Island, Canada
• New England Institute of Technology, Rhode
Island , USA
• Fanshawe College, Ontario, Canada
• Lincoln College of Technology, West Palm Beach,
Florida, USA.
Mission Statement: To provide learning opportunities that enable individuals to be globally competitive and economically independent.
National Development Plan
Vision 2040
The Plan will act as a roadmap for the Bahamas in identifying short, medium and long term goals.
It will be steered by broad research, analysis and public consultation intended to focus on the
Economy, Governance, Social Policy and the Environment.
The Plan is expected to:
o Examine vital areas including social development, the economy,
the environment and governance
o Establish national strategic priorities
o Identify key prospects for development and growth
o Identify any major strains associated with the country’s prospects
for development and growth
o Develop strategies for achieving established goals for national development
The development process will include three distinct phases: diagnosis, a national conversation,
and plan development.
Closing the Gap
(BTVI’S Role)
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Focus on strategy and improvement
Engage community stakeholders
Engage our graduates in decision making
Enhance global connections (GUIDE)
Online to supplement courses
Student first approach
Apprenticeship initiative (IDB)
References
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A Dupuch Publication. (Eds.). (2015). Bahamas Handbook and Businessman’s Annual. Nassau,
Bahamas. Etienne Dupuch Jr. Publications Ltd.
Bahamas Department of Statistics. The Bahamas in Figures 2012. Nassau, Bahamas. Napco
Printing Service.
Bahamas Department of Statistics. (2013). Household Expenditure Survey 2013 Report.
Nassau, Bahamas. Government Printing Office.
BTVI Facts At A Glance. http://btvi.edu.bs
World Travel & Tourism Council. Travel & Tourism: Economic Impact 2015
Bahamas. http://data.worldbank.org/country/bahamas
Office of the Prime Minister, Ministry of Finance. National Development Plan of The
Bahamas: Vision 2040. http://vision2040bahamas.org