An archipelago of 700 islands and islets, the Bahamas attracts millions of tourists each year.
The visitors come to enjoy its mild climate, fine beaches and beautiful forests.
A former British colony and now a Commonwealth member, the country is a major centre for offshore finance and has one of the world's largest open-registry shipping fleets.
Mr Ingraham, a lawyer, served two terms as prime minister between 1992 and 2002. The FNM had campaigned on issues of trust, criticising the ruling Progressive Liberal Party (PLP) over a series of scandals.