Unemployment Rate: Bahamas, The
Bahamas, The's unemployment rate is currently 9.1% as of 2026. # Bahamas, The Unemployment Rate The Bahamas currently faces an unemployment rate of 9.
Current (2026)
9.1%
-2.2% y/y
Peak (2020)
25.9%
Low (2001)
6.9%
Source
IMF World Economic Outlook
1986–2026 · 45 pts
Unemployment Rate — Bahamas, The
1986 — 2026
Unemployment Rate — Bahamas, The
Analysis# Bahamas, The Unemployment Rate
The Bahamas currently faces an unemployment rate of 9.1% in 2026, representing a substantial recovery from the pandemic-driven peak of 25.9% in 2020. This figure sits well above the nation's all-time low of 6.9% in 2001 but reflects significant improvement over the past five years. Since 1986, the unemployment rate has declined 25.4 percentage points overall, indicating long-term labor market strengthening despite cyclical fluctuations.
The most dramatic shift occurred between 2019 and 2020, when unemployment surged 15.8 percentage points due to pandemic disruptions. The subsequent recovery has been steady and consistent, declining from 17.4% in 2021 to the current 9.1%. The downward trajectory from 2021 onward suggests continued labor market stabilization, with yearly improvements averaging roughly 1 percentage point annually through 2026.
Historical Data
45 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 9.0% | +0.00% |
| 2029 | 9.0% | +0.00% |
| 2028 | 9.0% | +0.00% |
| 2027 | 9.0% | -1.10% |
| 2026 | 9.1% | -2.15% |
| 2025 | 9.3% | -1.06% |
| 2024 | 9.4% | -7.84% |
| 2023 | 10.2% | -4.67% |
| 2022 | 10.7% | -38.51% |
| 2021 | 17.4% | -32.82% |
| 2020 | 25.9% | +156.44% |
| 2019 | 10.1% | -2.88% |
| 2018 | 10.4% | +2.97% |
| 2017 | 10.1% | -17.21% |
| 2016 | 12.2% | -8.96% |
| 2015 | 13.4% | -8.22% |
| 2014 | 14.6% | -7.59% |
| 2013 | 15.8% | +9.72% |
| 2012 | 14.4% | -9.43% |
| 2011 | 15.9% | +5.30% |
Show all 45 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 15.1% | +6.34% |
| 2009 | 14.2% | +63.22% |
| 2008 | 8.7% | +10.13% |
| 2007 | 7.9% | +3.95% |
| 2006 | 7.6% | -25.49% |
| 2005 | 10.2% | +0.00% |
| 2004 | 10.2% | -5.56% |
| 2003 | 10.8% | +18.68% |
| 2002 | 9.1% | +31.88% |
| 2001 | 6.9% | -1.43% |
| 2000 | 7.0% | -10.26% |
| 1999 | 7.8% | +1.30% |
| 1998 | 7.7% | -21.43% |
| 1997 | 9.8% | -14.78% |
| 1996 | 11.5% | +5.50% |
| 1995 | 10.9% | -18.05% |
| 1994 | 13.3% | +1.53% |
| 1993 | 13.1% | -11.49% |
| 1992 | 14.8% | +20.33% |
| 1991 | 12.3% | +2.50% |
| 1990 | 12.0% | +2.56% |
| 1989 | 11.7% | +6.36% |
| 1988 | 11.0% | -4.35% |
| 1987 | 11.5% | -5.74% |
| 1986 | 12.2% | — |
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