Bahamas: Unemployment rate

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Bahamas: Unemployment rate, 1991 - 2021:

For that indicator, we provide data for the Bahamas from 1991 to 2021. The average value for the Bahamas during that period was 11.19 percent with a minimum of 6.87 percent in 2001 and a maximum of 16.18 percent in 2013. The latest value from 2021 is 13.24 percent. For comparison, the world average in 2021 based on 181 countries is 8.46 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values

Longer historical series

The unemployment rate in the Bahamas and other countries is defined as the number of unemployed people as percent of the labor force. The labor force includes the people who are either employed or unemployed, i.e. who don't have a job but are actively looking for one. The labor force does not include people who are not looking for work, children, and the retired.

The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.

Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
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