Key Facts: Bahamas vs North Korea Wages
- Bahamas Minimum Wage
- B$6.50/hr ($6.50 USD)
- North Korea Minimum Wage
- No statutory minimum wage
- Bahamas Avg. Gross Monthly Salary
- B$3,500 /mo ($3,500 USD)
- North Korea Avg. Gross Monthly Salary
- ₩100,000 /mo ($111.11 USD)
- Data Sources
- Government of The Bahamas / Ministry of Labour (2026-02-25), ILO / World Bank / Korea Institute for National Unification (KINU) / NK News (2026-02-25)
Bahamas 
North Korea
Updated 2026-02-25
Unlike North Korea, which has no statutory minimum wage, the Bahamas mandates a wage floor of $7/hr. Average gross salaries diverge further: $3,500/mo in the Bahamas versus $111/mo in North Korea, a 31.5:1 ratio. North Korea has the tighter labor market, with unemployment at 3.5% compared to 9.2%.
The Bahamas' unemployment rate is 9.2% compared to North Korea's 3.5%.
Detailed Comparison
| Metric | Bahamas | North Korea |
|---|---|---|
| Minimum wage /hr | B$6.50 $6.50 | None |
| Minimum wage /mo | B$1,126.67 $1,126.67 | None |
| Minimum wage /yr | B$13,520 $13,520 | None |
| Avg. gross salary /mo | B$3,500 /mo $3,500 | ₩100,000 /mo $111.11 |
| Avg. net salary /mo | B$3,150 /mo $3,150 | ₩90,000 /mo $100 |
| Median individual income /yr | B$24,000 /yr $24,000 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Bahamas is higher.
Work Week
- Bahamas
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours (8 hours/day). Overtime is paid at 1.5x the regular rate for hours beyond 40 per week or 8 per day. Work on public holidays or rest days is paid at 2x the regular rate. Governed by the Employment Act, 2001.
- North Korea
-
48 hrs/wk standard
The North Korean Labour Law formally sets an 8-hour working day. In practice, many workers are required to spend additional hours in compulsory political study, military training, and 'volunteer' labour campaigns. The actual workweek for state employees varies widely by sector and location. No independent verification of labour conditions is possible.
What This Means for Workers
Standard work weeks differ: the Bahamas mandates 40 hours while North Korea mandates 48 hours.
See this comparison from North Korea's perspective: North Korea vs Bahamas
Compare Bahamas with...
Bahamas vs United States $ 7.25 /hr 
Bahamas vs China ¥ 25 /hr 
Bahamas vs Germany € 13.9 /hr 
Bahamas vs United Kingdom £ 12.71 /hr 
Bahamas vs India ₹ 4,576 /mo 
Bahamas vs Japan ¥ 1,121 /hr 
Bahamas vs France € 12.02 /hr 
Bahamas vs South Korea ₩ 10,320 /hr 
Bahamas vs Canada C$ 18.1 /hr 
Bahamas vs Australia A$ 24.95 /hr 
Bahamas vs Brazil R$ 7.37 /hr 
Bahamas vs Russia ₽ 156.31 /hr 
Bahamas vs Mexico MX$ 9,583.52 /mo 
Bahamas vs Indonesia Rp 33,058 /hr 
Bahamas vs Netherlands € 14.71 /hr 
Bahamas vs Saudi Arabia ﷼ 23.08 /hr 
Bahamas vs Turkey ₺ 164.94 /hr 
Bahamas vs Taiwan NT$ 190 /hr 
Bahamas vs Switzerland 
Bahamas vs Poland zł 31.4 /hr 
Bahamas vs Thailand ฿ 10,400 /mo 
Bahamas vs Sweden 
Bahamas vs Argentina ARS 1,762 /hr 
Bahamas vs Singapore Frequently Asked Questions
Is the minimum wage higher in Bahamas or North Korea?
In the Bahamas, the minimum wage is B$6.50/hr ($6.50 USD). In North Korea, it is no statutory minimum wage.
How much more does the average worker earn in Bahamas compared to North Korea?
The average gross salary in the Bahamas is B$3,500/mo ($3,500 USD), compared to ₩100,000/mo ($111.11 USD) in North Korea. In USD terms, workers in the Bahamas earn approximately 3050% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Bahamas and North Korea is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in the Bahamas earn more in nominal terms, though how far that income stretches depends on local prices in North Korea.
How do work hours compare between Bahamas and North Korea?
North Korea has a longer standard work week at 48 hours, compared to 40 hours in the Bahamas. Workers in the Bahamas work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in the Bahamas working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.