Compensation of employees in Bahamas
Bahamas: Compensation of employees was 843.34 million current LCU in 2024. ▲ Rising
Compensation of employees in Bahamas, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Bahamas recorded 843.34 million current LCU for compensation of employees in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 6.5% over ten years.
Over the whole period, compensation of employees in Bahamas peaked at 843.34 million current LCU in 2024 and was at its lowest, 289.10 million current LCU, in 1990.
That places Bahamas 140th out of 156 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Compensation of employees in Bahamas, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 289.10 million current LCU | — |
| 1991 | 291.90 million current LCU | +1.0% |
| 1992 | 295.90 million current LCU | +1.4% |
| 1993 | 301.50 million current LCU | +1.9% |
| 1994 | 321.00 million current LCU | +6.5% |
| 1995 | 327.20 million current LCU | +1.9% |
| 1996 | 333.70 million current LCU | +2.0% |
| 1997 | 367.00 million current LCU | +10.0% |
| 1998 | 383.93 million current LCU | +4.6% |
| 1999 | 379.68 million current LCU | -1.1% |
| 2000 | 352.53 million current LCU | -7.2% |
| 2001 | 372.20 million current LCU | +5.6% |
| 2002 | 400.50 million current LCU | +7.6% |
| 2003 | 421.30 million current LCU | +5.2% |
| 2004 | 450.09 million current LCU | +6.8% |
| 2005 | 470.10 million current LCU | +4.4% |
| 2006 | 513.51 million current LCU | +9.2% |
| 2007 | 536.66 million current LCU | +4.5% |
| 2008 | 552.01 million current LCU | +2.9% |
| 2009 | 573.10 million current LCU | +3.8% |
| 2010 | 746.06 million current LCU | +30.2% |
| 2011 | 740.47 million current LCU | -0.7% |
| 2012 | 776.78 million current LCU | +4.9% |
| 2013 | 748.14 million current LCU | -3.7% |
| 2014 | 791.82 million current LCU | +5.8% |
| 2015 | 660.10 million current LCU | -16.6% |
| 2016 | 685.26 million current LCU | +3.8% |
| 2017 | 726.41 million current LCU | +6.0% |
| 2018 | 728.65 million current LCU | +0.3% |
| 2019 | 712.24 million current LCU | -2.3% |
| 2020 | 760.85 million current LCU | +6.8% |
| 2021 | 700.83 million current LCU | -7.9% |
| 2022 | 738.36 million current LCU | +5.4% |
| 2023 | 805.23 million current LCU | +9.1% |
| 2024 | 843.34 million current LCU | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 329.09 million current LCU | 289.10 million current LCU | 383.93 million current LCU | 10 |
| 2000s | 464.20 million current LCU | 352.53 million current LCU | 573.10 million current LCU | 10 |
| 2010s | 731.59 million current LCU | 660.10 million current LCU | 791.82 million current LCU | 10 |
| 2020s | 769.72 million current LCU | 700.83 million current LCU | 843.34 million current LCU | 5 |
Countries ranked near Bahamas
More public sector data for Bahamas
- Arms imports 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per capita 30.73 SIPRI trend indicator values per person (2017)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,199 SIPRI trend indicator values per square kilometre (2017)
- Tax revenue 17.3% (2024)
- Capital stock, General government, Current prices, Domestic currency 2.72 (2019)
- Capital stock, General government, Constant prices, Percent of GDP 24.77 (2019)
- Capital stock, General government, Constant prices, Purchasing power 3.16 (2019)
- Taxes on goods and services 58.7% (2024)
Frequently asked questions
- What is compensation of employees in Bahamas?
- Compensation of employees in Bahamas was 843.34 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Bahamas?
- The highest recorded value was 843.34 million current LCU in 2024.
- What is the lowest compensation of employees recorded in Bahamas?
- The lowest recorded value was 289.10 million current LCU in 1990.
- How does Bahamas rank for compensation of employees?
- Bahamas ranks 140th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Bahamas?
- Over the last ten years it is up 6.5%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.