Monthly minimum wage, per capita in Bahamas
Bahamas: Monthly minimum wage, per capita was 0.0028 units per person in 2024. ▲ Rising
Monthly minimum wage, per capita in Bahamas, 2002–2024
Source: Statizoid (derived). Measured in units per person.
Analysis
In 2024, monthly minimum wage, per capita in Bahamas stood at 0.0028 units per person.
The figure is down 0.5% on the previous year and up 65.0% over ten years.
Over the whole period, monthly minimum wage, per capita in Bahamas peaked at 0.0028 units per person in 2023 and was at its lowest, 0.0017 units per person, in 2014.
That places Bahamas 57th out of 170 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Monthly minimum wage, per capita in Bahamas, year by year
| Year | units per person | Change |
|---|---|---|
| 2002 | 0.0021 units per person | — |
| 2003 | 0.0021 units per person | -1.2% |
| 2004 | 0.002 units per person | -1.2% |
| 2005 | 0.002 units per person | -1.2% |
| 2006 | 0.002 units per person | -1.3% |
| 2007 | 0.002 units per person | -1.4% |
| 2008 | 0.0018 units per person | -7.5% |
| 2009 | 0.0018 units per person | -1.3% |
| 2010 | 0.0018 units per person | -1.3% |
| 2011 | 0.0017 units per person | -1.1% |
| 2012 | 0.0017 units per person | -1.0% |
| 2013 | 0.0017 units per person | -0.9% |
| 2014 | 0.0017 units per person | -0.9% |
| 2015 | 0.0024 units per person | +38.9% |
| 2016 | 0.0023 units per person | -0.7% |
| 2017 | 0.0023 units per person | -0.6% |
| 2018 | 0.0023 units per person | -0.6% |
| 2019 | 0.0023 units per person | -0.5% |
| 2020 | 0.0023 units per person | -0.3% |
| 2021 | 0.0023 units per person | -0.1% |
| 2022 | 0.0023 units per person | -0.3% |
| 2023 | 0.0028 units per person | +23.1% |
| 2024 | 0.0028 units per person | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.002 units per person | 0.0018 units per person | 0.0021 units per person | 8 |
| 2010s | 0.002 units per person | 0.0017 units per person | 0.0024 units per person | 10 |
| 2020s | 0.0025 units per person | 0.0023 units per person | 0.0028 units per person | 5 |
Countries ranked near Bahamas
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 monthly minimum wage, per capita in Bahamas?
- Monthly minimum wage, per capita in Bahamas was 0.0028 units per person in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage, per capita recorded in Bahamas?
- The highest recorded value was 0.0028 units per person in 2023.
- What is the lowest monthly minimum wage, per capita recorded in Bahamas?
- The lowest recorded value was 0.0017 units per person in 2014.
- How does Bahamas rank for monthly minimum wage, per capita?
- Bahamas ranks 57th out of 170 countries with data for 2024.
- Is monthly minimum wage, per capita rising or falling in Bahamas?
- Over the last ten years it is up 65.0%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Monthly minimum wage divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Monthly minimum wage ÷ Population, total
Computed from
- Monthly minimum wage International Labour Organization
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Monthly minimum wage divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.