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Welcome to your comprehensive guide to the Bahamas job market. Finding the right job or candidate requires solid data. We provide the latest statistics on employment, salaries, and economic indicators, empowering you to make informed decisions about your next career step or recruitment strategy in Bahamas.
Job Market Overview: Employment Statistics in Bahamas
Understanding Bahamas's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 393.244 residents |
| Employment Rate | 60.1% (below OECD average) |
| Unemployment Rate | 13.8% (moderately competitive market) |
These Bahamas employment statistics reveal a balanced labor market where candidates should highlight specialized skills. The 60.1% employment rate suggests moderate job availability across sectors.
Living & Working in Bahamas: Economic Insights
Before relocating or applying for jobs in Bahamas, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 1.400,00 USD | 31% of U.S. average (significantly lower) |
| Purchasing Power | 68.9 | moderate compared to U.S. (100) |
With 68.9 purchasing power, salaries in Bahamas provide adequate but budget-conscious lifestyles. The average monthly salary of 1.400,00 USD is particularly attractive in the Tourism, Agriculture sector.
Top Industries & Job Opportunities in BS
Bahamas's thriving job market spans these key sectors:
| Leading Industry | Tourism, Agriculture (growing at 5% annually) |
| Emerging Sector | Construction (25% of workforce) |
| Service Sector | Tourism, Financial Services (60% of GDP) |
| Major Employers | Bahamas Telecommunications Company, Commonwealth Bank, Bahamasair (hiring year-round) |
Job seekers should focus on Tourism, Agriculture for the most opportunities, while Construction offers growth potential. Major companies like Bahamas Telecommunications Company, Commonwealth Bank, Bahamasair frequently post openings for skilled professionals.
Data Sources & Methodology
The statistical data (Population, Employment, Economic Indicators) used in this guide is compiled from the following authoritative sources:
- Employment & Economic Data: World Bank Indicators
- Cost of Living & Salaries: Numbeo Cost of Living Database
- Proprietary Data: Analysis derived from expert interviews and Cityjobs.info internal salary research.
Disclaimer: Data Volatility Note
We strive to update all statistics and figures annually. However, due to the nature of global economics, data like employment rates, exchange values, and average salaries can change rapidly due to political events, economic shifts, or unforeseen crises. Always verify critical figures with local governmental or financial institutions before making major decisions.
CityJobs bridges the gap between job seekers and employers in Bahamas, creating a more accessible and inclusive job market for all.
1. What's the employment situation in Bahamas?
With a population of 393,244 and an employment rate of 60.1%, Bahamas offers a growing job market. The unemployment rate currently stands at 13.8%.
2. Which are the top companies in Bahamas?
The leading employers in Bahamas include Bahamas Telecommunications Company, Commonwealth Bank, Bahamasair. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Bahamas?
The purchasing power ratio in Bahamas is 68.9, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Bahamas?
Search our listings filtered for Bahamas. Focus on industries where Bahamas Telecommunications Company, Commonwealth Bank, Bahamasair are active, and consider that the 60.1% employment rate suggests moderate competition for positions.
5. What should I know about working in Bahamas?
With Bahamas Telecommunications Company, Commonwealth Bank, Bahamasair as major employers, the job market tends to favor Construction and Tourism, Financial Services.
