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Bahamas Annual Unemployment Rate

Bahamas' annual unemployment rate fell to 8.46% in 2024, down from 8.64% in 2023, according to World Bank. This represents a decrease of 0.18% from the previous year. The Bahamas has annual unemployment rate higher than the global median (8.46% vs median 5.23%). Compared with the median in Americas, the Bahamas is higher (8.46% vs regional median 6.45%) and ranks 8th out of 33 countries in Americas.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 8.46%
2023 8.64%
2022 9.27%
2021 11.03%
2020 12.03%
2019 9.34%
2018 10%
2017 9.8%
2016 12.7%
2015 12%
2014 13.8%
2013 16.18%
2012 14.02%
2011 14.52%
2010 14.43%
2009 14.25%
2008 8.18%
2007 7.88%
2006 7.54%
2005 10.2%
2004 10.2%
2003 10.84%
2002 9.05%
2001 6.87%
2000 7.12%
1999 7.45%
1998 7.65%
1997 9.76%
1996 11.46%
1995 10.83%
1994 13.83%
1993 12.72%
1992 14.81%
1991 12.17%
Bahamas Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Bahamas' labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 66.49% 66.73% 2024