A popular tourist attraction, Bahamas is made up of 700 islands and more than 2000 quays and rocks spread over 100000 square miles. The country has beautiful beaches, allowing for a thriving tourism industry, as well as a successful hotel and services industry. The culture of Bahamas has developed over generations from a mixture of African, American, and British influences. The people of Bahamas are known for being friendly and hospitable. English is the official language, with Creole spoken by most of the Haitian immigrants.

Bahamas has the second largest GDP in the Caribbean islands, with an economy primarily dependent on the tourism and the banking industries. Tourism constitutes 70-80% of the country’s GDP, employing more than half of its workforce. With beautiful beaches and an inviting economic climate, Bahamas can be a good place to work and invest.

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 3.7%
Industry 12.9%
Services 83.0%

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GPStrategist avatarGlobal People Strategist@GPStrategist·
19h

Employee Benefits in Canada’s Public and Private Sectors
With companies worldwide offering innovative, cutting-edge benefits packages to their employees, knowing where exactly Canada holds the most desirable job perks can take time.
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GPStrategist avatarGlobal People Strategist@GPStrategist·
20 Mar

Changing Labor Policies in Japan
In recent years, Japan has made efforts to keep up with the ever-changing needs of its labor market. From employee diversity initiatives to improved work-life balance policies and beyond.
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17 Mar

In Finland, the parental allowance will be paid until the child is 13 weeks old. Single parents will have the right to use the parental allowance of both parents. The minimum daily rate of paternity pay is EUR 37.21 (Euros). #Finland #ComplianceUpdates

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GPStrategist avatarGlobal People Strategist@GPStrategist·
17 Mar

In Australia, unemployment benefits are covered through a social assistance system that includes social security, job search, and an allowance called JobSeeker Payment, which is the principal income support payment. #Australia #ComplianceUpdates

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17 Mar

In Germany, the unemployment insurance contribution rates for 2023 are 1.3% for both the employee and employer, which increased from the previous 1.2% contribution for 2022. #Germany #ComplianceUpdates

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