The Bahamas - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in The Bahamas was 60.74 as of 2020. Its highest value over the past 51 years was 66.81 in 2011, while its lowest value was 25.52 in 1985.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1969 59.96
1970 64.71
1971 38.51
1972 40.90
1973 55.11
1974 41.87
1975 49.33
1976 41.26
1977 40.20
1978 37.16
1979 30.57
1980 30.17
1981 31.08
1982 30.61
1983 29.41
1984 26.21
1985 25.52
1986 27.39
1987 29.05
1988 30.23
1989 30.28
1990 35.45
1991 37.39
1992 39.09
1993 45.28
1994 48.84
1995 51.83
1996 54.11
1997 39.29
1998 40.50
1999 39.97
2000 43.47
2001 45.47
2002 44.20
2003 44.51
2004 46.38
2005 48.87
2006 55.15
2007 58.28
2008 61.88
2009 65.84
2010 65.61
2011 66.81
2012 64.26
2013 65.14
2014 60.71
2015 56.49
2016 54.15
2017 51.23
2018 48.74
2019 46.54
2020 60.74

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets