Bahamas
The Bahamas is a sovereign country within the Lucayan Archipelago of the West Indies in the Atlantic. The archipelago state consists of more than 700 islands, cays and islets in the Atlantic Ocean. The Royal Bahamas Defense Force describes the area of the Bahamas as 470,000 km2 of ocean space. Most goods in the Bahamas have to be imported, which is a contributing factor to the cost of living. Whereas in other tropical places, such as Barbados and Bermuda, it is more expensive to buy groceries.
Furthermore, in terms of GDP per capita, the Bahamas is one of the richest countries in the Americas. Its currency (the Bahamian dollar) is pegged to 1-to-1 with the US dollar. Prices in the Bahamas are still steep due to the competitive housing market and high import taxes. The Bahamas is one of the top 10 most expensive countries in the world to live in.
