Bahamas Unemployment Rate 1991-2024

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Bahamas unemployment rate for 2023 was 9.20%, a 0.67% decline from 2022.
  • Bahamas unemployment rate for 2022 was 9.87%, a 1.82% decline from 2021.
  • Bahamas unemployment rate for 2021 was 11.69%, a 1.11% decline from 2020.
  • Bahamas unemployment rate for 2020 was 12.80%, a 2.79% increase from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Spain 12.14%
Virgin Islands (U.S.) 12.09%
French Polynesia 11.72%
New Caledonia 11.22%
Greece 11.00%
Bahamas 9.20%
Chile 9.04%
Uruguay 8.35%
Barbados 7.95%
Italy 7.62%
Sweden 7.59%
France 7.32%
Finland 7.16%
Lithuania 6.96%
Panama 6.70%
Latvia 6.53%
Portugal 6.49%
Estonia 6.35%
Argentina 6.18%
Croatia 6.06%
Channel Islands 5.98%
Cyprus 5.96%
Puerto Rico 5.96%
Slovak Republic 5.84%
Belgium 5.51%
Guam 5.42%
Canada 5.37%
Brunei 5.27%
Austria 5.24%
Luxembourg 5.19%
Denmark 5.14%
Saudi Arabia 4.88%
Ireland 4.34%
Trinidad and Tobago 4.21%
Hungary 4.13%
United Kingdom 4.06%
Switzerland 4.05%
Hong Kong 3.93%
New Zealand 3.74%
Australia 3.67%
Slovenia 3.63%
United States 3.63%
Norway 3.58%
Iceland 3.56%
Netherlands 3.56%
Singapore 3.47%
Israel 3.39%
Malta 3.13%
Germany 3.05%
Poland 2.91%
UAE 2.71%
South Korea 2.64%
Czech Republic 2.59%
Japan 2.58%
Macao 2.25%
Kuwait 2.08%
Oman 1.46%
Bahrain 1.16%
Qatar 0.13%
Bahamas Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2023 9.20% -0.67%
2022 9.87% -1.82%
2021 11.69% -1.11%
2020 12.80% 2.79%
2019 10.01% 0.01%
2018 10.00% 0.20%
2017 9.80% -2.90%
2016 12.70% 0.70%
2015 12.00% -1.80%
2014 13.80% -2.38%
2013 16.18% 2.16%
2012 14.02% -0.50%
2011 14.52% 0.09%
2010 14.43% 0.18%
2009 14.25% 6.07%
2008 8.18% 0.30%
2007 7.88% 0.34%
2006 7.54% -2.66%
2005 10.20% 0.00%
2004 10.20% -0.64%
2003 10.84% 1.79%
2002 9.05% 2.18%
2001 6.87% -0.37%
2000 7.24% -0.22%
1999 7.45% -0.20%
1998 7.65% -2.11%
1997 9.76% -1.70%
1996 11.46% 0.63%
1995 10.83% -3.00%
1994 13.83% 1.11%
1993 12.72% -2.09%
1992 14.81% 2.64%
1991 12.17% 2.64%