The Bahamas - Domestic credit provided by financial sector (% of GDP)

Domestic credit provided by financial sector (% of GDP) in The Bahamas was 74.65 as of 2016. Its highest value over the past 43 years was 84.14 in 2013, while its lowest value was 42.29 in 1985.

Definition: Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

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

See also:

Year Value
1973 66.36
1974 61.59
1975 71.97
1976 67.82
1977 66.38
1978 62.16
1979 48.84
1980 47.44
1981 48.23
1982 49.40
1983 49.82
1984 44.04
1985 42.29
1986 43.97
1987 49.35
1988 52.90
1989 54.27
1990 58.47
1991 62.62
1992 65.73
1993 70.99
1994 71.99
1995 74.77
1996 76.38
1997 48.21
1998 50.09
1999 49.57
2000 52.73
2001 56.06
2002 55.50
2003 55.67
2004 56.60
2005 59.54
2006 65.93
2007 69.03
2008 74.18
2009 79.36
2010 82.49
2011 83.59
2012 79.84
2013 84.14
2014 78.39
2015 74.29
2016 74.65

Development Relevance: Both banking and financial systems enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient. The size and mobility of international capital flows make it increasingly important to monitor the strength of financial systems. Robust financial systems can increase economic activity and welfare, but instability can disrupt financial activity and impose widespread costs on the economy.

Limitations and Exceptions: In a few countries governments may hold international reserves as deposits in the banking system rather than in the central bank. Since claims on the central government are a net item (claims on the central government minus central government deposits), the figure may be negative, resulting in a negative figure for domestic credit provided by the banking sector.

Statistical Concept and Methodology: Domestic credit provided by the financial sector as a share of GDP measures banking sector depth and financial sector development in terms of size. The data on domestic credit provided by the financial sector are taken from the financial corporations survey (line 52) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository corporations survey (line 32). The financial sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial institutions where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other banking institutions are savings and mortgage loan institutions, finance companies, development banks, and building and loan associations.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets