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A Tourism-Driven Economy 33

falling ffrom 14.8 percent in 1992 to about 7 percent by 2002. However, in 2008-09, a worldwide economic recession began affecting the unemployment rate in the Bahamas, and it increased from 7.6 percent in 2008 to over 14 per- cent by 2010. By 2014, the unemployment rate had reached a record 15.4 per- cent. The government has attempted to implement policies to improve this, but thus far they have not taken hold.

Tourist resorts like the Atlantis Hotel on Paradise Island create many jobs.