Labor share of gdp in Bahamas
Bahamas: Labor share of gdp was 40.3 in 2020. ▼ Falling
Latest (2020)
40.3
Change on year
up 7.2%
World rank
153rd
of 187 countries
All-time high
41.7
in 2006
All-time low
35.7
in 2015
Years of data
17
2004–2020
Labor share of gdp in Bahamas, 2004–2020
Source: Our World in Data.
Analysis
The most recent figure for labor share of gdp in Bahamas is 40.3, measured in 2020.
Compared with earlier readings it is up 7.2% on the previous year and up 0.5% over ten years.
Over the whole period, labor share of gdp in Bahamas peaked at 41.7 in 2006 and was at its lowest, 35.7, in 2015.
That places Bahamas 153rd out of 187 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Labor share of gdp in Bahamas, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 40.9 | — |
| 2005 | 39.7 | -2.9% |
| 2006 | 41.7 | +5.0% |
| 2007 | 40 | -4.1% |
| 2008 | 38.5 | -3.8% |
| 2009 | 40.6 | +5.5% |
| 2010 | 40.1 | -1.2% |
| 2011 | 39.7 | -1.0% |
| 2012 | 40 | +0.8% |
| 2013 | 39.1 | -2.2% |
| 2014 | 36.9 | -5.6% |
| 2015 | 35.7 | -3.3% |
| 2016 | 37 | +3.6% |
| 2017 | 38.5 | +4.1% |
| 2018 | 38.1 | -1.0% |
| 2019 | 37.6 | -1.3% |
| 2020 | 40.3 | +7.2% |
Bahamas compared with similar countries
- Bahamas's 40.3 is below the median for high income countries, which is 54.5, 74% of the median. (62 countries reporting)
- Bahamas's 40.3 is below the median for Latin America & Caribbean, which is 50.4, 80% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.23 | 38.5 | 41.7 | 6 |
| 2010s | 38.27 | 35.7 | 40.1 | 10 |
| 2020s | 40.3 | 40.3 | 40.3 | 1 |
Countries ranked near Bahamas
- 150 Madagascar 40.5 compare
- 150 Uganda 40.5 compare
- 152 Kazakhstan 40.4 compare
- 153 Kuwait 40.3 compare
- 155 Mali 40.2 compare
- 156 Iran 39.8 compare
- 156 United Arab Emirates 39.8 compare
More work & labour data for Bahamas
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.2501 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.2148 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.2821 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.22 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.4187 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 419.94 1000 No (2050)
- Population - Est. & Proj. — Rural population 54.95 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 200.05 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 184.9 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 384.95 1000 No (2100)
Frequently asked questions
- What is labor share of gdp in Bahamas?
- Labor share of gdp in Bahamas was 40.3 in 2020, according to Our World in Data.
- What is the highest labor share of gdp recorded in Bahamas?
- The highest recorded value was 41.7 in 2006.
- What is the lowest labor share of gdp recorded in Bahamas?
- The lowest recorded value was 35.7 in 2015.
- How does Bahamas rank for labor share of gdp?
- Bahamas ranks 153rd out of 187 countries with data for 2020.
- Is labor share of gdp rising or falling in Bahamas?
- Over the last ten years it is up 0.5%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from Our World in Data, published as part of Labor share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).