Compensation of employees in Bahamas
Bahamas: Compensation of employees was 25.9% in 2023. ▼ Falling
Compensation of employees in Bahamas, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Bahamas recorded 25.9% for compensation of employees in 2023.
The figure is up 8.9% on the previous year and down 41.0% over ten years.
Over the whole period, compensation of employees in Bahamas peaked at 57.5% in 1994 and was at its lowest, 23.6%, in 2021.
Bahamas ranks 76th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Compensation of employees in Bahamas, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 55.0% | — |
| 1991 | 53.7% | -2.3% |
| 1992 | 52.6% | -2.0% |
| 1993 | 55.9% | +6.3% |
| 1994 | 57.5% | +2.8% |
| 1995 | 54.9% | -4.4% |
| 1996 | 50.6% | -7.8% |
| 1997 | 51.6% | +1.8% |
| 1998 | 52.5% | +1.7% |
| 1999 | 47.8% | -8.8% |
| 2000 | 42.5% | -11.1% |
| 2001 | 42.9% | +0.9% |
| 2002 | 43.4% | +1.1% |
| 2003 | 42.2% | -2.8% |
| 2004 | 44.1% | +4.5% |
| 2005 | 42.1% | -4.5% |
| 2006 | 43.3% | +2.9% |
| 2007 | 42.6% | -1.7% |
| 2008 | 41.0% | -3.6% |
| 2009 | 40.3% | -1.8% |
| 2010 | 48.0% | +19.1% |
| 2011 | 44.4% | -7.5% |
| 2012 | 44.3% | -0.2% |
| 2013 | 44.0% | -0.8% |
| 2014 | 45.0% | +2.4% |
| 2015 | 34.7% | -22.9% |
| 2016 | 32.2% | -7.1% |
| 2017 | 29.6% | -8.3% |
| 2018 | 32.7% | +10.6% |
| 2019 | 29.0% | -11.2% |
| 2020 | 28.4% | -2.2% |
| 2021 | 23.6% | -16.9% |
| 2022 | 23.8% | +0.8% |
| 2023 | 25.9% | +8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 53.2% | 47.8% | 57.5% | 10 |
| 2000s | 42.4% | 40.3% | 44.1% | 10 |
| 2010s | 38.4% | 29.0% | 48.0% | 10 |
| 2020s | 25.4% | 23.6% | 28.4% | 4 |
Countries ranked near Bahamas
- 73 Mauritius 26.6% compare
- 74 Ireland 26.6% compare
- 75 Micronesia, Federated States of 26.2% compare
- 77 Congo 25.9% compare
- 78 Bosnia and Herzegovina 25.8% compare
- 79 Tajikistan 24.8% compare
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 25.9% in 2023, 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 57.5% in 1994.
- What is the lowest compensation of employees recorded in Bahamas?
- The lowest recorded value was 23.6% in 2021.
- How does Bahamas rank for compensation of employees?
- Bahamas ranks 76th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Bahamas?
- Over the last ten years it is down 41.0%. The long-run trend across the full record is falling.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.