Labor productivity — all countries

Labor productivity — Bahamas

Labor productivity in the Bahamas in 2024 — 65,604 $/person. Ranked 61 in the world out of 171. Since 1991, the indicator has fallen by 4.7%.

2024 65,604 $/person +3.02% vs 2023
World rank 61of 171
Period maximum 72,303 $/person2002
Period minimum 54,849 $/person2020

Trend over time

1991–2024 · PPP $ per person employed

Labor productivity — Bahamas, 1991–202450,00055,00060,00065,00070,00075,0001991199519992003200720112015201920231991: 68,816 $/person1992: 66,469 $/person1993: 63,473 $/person1994: 64,766 $/person1995: 64,039 $/person1996: 65,950 $/person1997: 64,354 $/person1998: 64,700 $/person1999: 68,016 $/person2000: 69,394 $/person2001: 69,862 $/person2002: 72,303 $/person2003: 71,591 $/person2004: 70,454 $/person2005: 71,600 $/person2006: 70,000 $/person2007: 69,836 $/person2008: 67,072 $/person2009: 67,554 $/person2010: 67,509 $/person2011: 66,821 $/person2012: 68,358 $/person2013: 67,120 $/person2014: 65,547 $/person2015: 63,991 $/person2016: 62,954 $/person2017: 62,205 $/person2018: 63,072 $/person2019: 61,412 $/person2020: 54,849 $/person2021: 62,022 $/person2022: 62,815 $/person2023: 63,680 $/person2024: 65,604 $/person
Change over the period: −3,212 (−4.67%) Average annual rate: -0.14 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Bahamas

Bahamas 65,604 $/person
World 49,573 $/person
Latin America & Caribbean 42,971 $/person
Labor productivity — Bahamas, by year Bahamas All countries CSV XLSX
Year $/person Change Change, %
2024 65,604 +1,923 +3.02%
2023 63,680 +865 +1.38%
2022 62,815 +793 +1.28%
2021 62,022 +7,173 +13.08%
2020 54,849 −6,563 −10.69%
2019 61,412 −1,660 −2.63%
2018 63,072 +867 +1.39%
2017 62,205 −749 −1.19%
2016 62,954 −1,037 −1.62%
2015 63,991 −1,556 −2.37%
2014 65,547 −1,573 −2.34%
2013 67,120 −1,238 −1.81%
2012 68,358 +1,537 +2.3%
2011 66,821 −689 −1.02%
2010 67,509 −45 −0.07%
2009 67,554 +483 +0.72%
2008 67,072 −2,765 −3.96%
2007 69,836 −164 −0.23%
2006 70,000 −1,600 −2.23%
2005 71,600 +1,147 +1.63%
2004 70,454 −1,137 −1.59%
2003 71,591 −713 −0.99%
2002 72,303 +2,441 +3.49%
2001 69,862 +468 +0.67%
2000 69,394 +1,378 +2.03%
1999 68,016 +3,316 +5.12%
1998 64,700 +346 +0.54%
1997 64,354 −1,596 −2.42%
1996 65,950 +1,911 +2.98%
1995 64,039 −727 −1.12%
1994 64,766 +1,293 +2.04%
1993 63,473 −2,997 −4.51%
1992 66,469 −2,346 −3.41%
1991 68,816

About the indicator

Gross domestic product per person employed in constant dollars at purchasing power parity. It differs from GDP per capita in the denominator: there the whole population, here only those who work — and the difference between the two indicators speaks of demography and employment. A country can have a low GDP per capita alongside decent productivity simply because only a small part of the population works: many children, many women out of employment, early retirement.

Important: There are no aggregates for country groups: the correct denominator is the number of people employed, and we have no separate series for the employed. The labor force will not do — it includes the unemployed, and the discrepancy is largest precisely in countries with high unemployment.

Source: ILOSTAT (ILO), license CC BY 4.0.