Compensation of employees (current LCU) in Bahamas
Bahamas: Compensation of employees (current LCU) 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 (current LCU) 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% |
Bahamas compared with similar countries
- Bahamas's 843.34 million current LCU is below the median for high income countries, which is 23.97 billion current LCU, 4% of the median. (57 countries reporting)
- Bahamas's 843.34 million current LCU is below the median for Latin America & Caribbean, which is 34.98 billion current LCU, 2% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Bahamas changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +30.2% | 573.10 million current LCU | 746.06 million current LCU |
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
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
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.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.