Monthly minimum wage in Bahamas
Bahamas: Monthly minimum wage was 1,126 in 2024. ▲ Rising
Monthly minimum wage in Bahamas, 2002–2024
Source: International Labour Organization.
Analysis
Bahamas recorded 1,126 for monthly minimum wage in 2024. That is the highest value across all 23 years on record.
That represents a change of up 73.2% over ten years.
Over the whole period, monthly minimum wage in Bahamas peaked at 1,126 in 2023 and was at its lowest, 650, in 2008.
Bahamas ranks 128th of 173 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Monthly minimum wage in Bahamas, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 693 | — |
| 2003 | 693 | +0.0% |
| 2004 | 693 | +0.0% |
| 2005 | 693 | +0.0% |
| 2006 | 693 | +0.0% |
| 2007 | 693 | +0.0% |
| 2008 | 650 | -6.2% |
| 2009 | 650 | +0.0% |
| 2010 | 650 | +0.0% |
| 2011 | 650 | +0.0% |
| 2012 | 650 | +0.0% |
| 2013 | 650 | +0.0% |
| 2014 | 650 | +0.0% |
| 2015 | 910 | +40.0% |
| 2016 | 910 | +0.0% |
| 2017 | 910 | +0.0% |
| 2018 | 910 | +0.0% |
| 2019 | 910 | +0.0% |
| 2020 | 910 | +0.0% |
| 2021 | 910 | +0.0% |
| 2022 | 910 | +0.0% |
| 2023 | 1,126 | +23.7% |
| 2024 | 1,126 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 682.25 | 650 | 693 | 8 |
| 2010s | 780 | 650 | 910 | 10 |
| 2020s | 996.32 | 910 | 1,126 | 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 in Bahamas?
- Monthly minimum wage in Bahamas was 1,126 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Bahamas?
- The highest recorded value was 1,126 in 2023.
- What is the lowest monthly minimum wage recorded in Bahamas?
- The lowest recorded value was 650 in 2008.
- How does Bahamas rank for monthly minimum wage?
- Bahamas ranks 128th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Bahamas?
- Over the last ten years it is up 73.2%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.