Bahamas: share of self-employed workers 2012-2024

The Bahamas is the Latin American and Caribbean country with the lowest rates of self-employment. In 2019, approximately 14.08 percent of the Bahamians who were employed were considered self-employed, or having a job whose remuneration is directly dependent upon the profits derived from the goods and services provided. Over the coming years, the rates of self-employment in the Bahamas are expected to slightly decrease.

Self-employed workers as share of total employed population in the Bahamas from 2012 to 2024

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Source

Release date

November 2019

Region

Bahamas

Survey time period

2012 to 2019

Supplementary notes

* Starting from the indicated year, figures are forecasts (as of November 2019).

According to ILO, self-employed workers are those workers who, working on their own account or with one or a few partners or in cooperative, hold the type of jobs defined as a "self-employment jobs", which are commonly characterized as jobs where the remuneration is directly dependent upon the profits derived from the goods and services produced. Self-employed workers comprise four sub-categories: employers, own-account workers, members of producers' cooperatives, and contributing family workers.

The figures are calculated from the total employed population. Self-employment status does not include employees (workers who hold the type of jobs defined as “paid employment jobs”, where the incumbents hold employment contracts that give them a basic remuneration), workers not classifiable by status, unemployed or non-economically active population.

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