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

Domestic credit to private sector (% of GDP) in The Bahamas was 51.46 as of 2016. Its highest value over the past 43 years was 66.08 in 2009, while its lowest value was 36.10 in 1984.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include 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 62.75
1974 51.34
1975 60.25
1976 51.39
1977 49.54
1978 46.19
1979 38.74
1980 38.64
1981 39.90
1982 39.64
1983 39.06
1984 36.10
1985 36.21
1986 39.66
1987 42.75
1988 44.03
1989 43.49
1990 46.31
1991 48.71
1992 50.81
1993 53.95
1994 57.03
1995 60.08
1996 62.35
1997 40.28
1998 41.51
1999 41.11
2000 44.81
2001 46.91
2002 45.82
2003 46.16
2004 47.92
2005 50.36
2006 56.61
2007 58.56
2008 62.10
2009 66.08
2010 65.15
2011 66.01
2012 61.84
2013 62.08
2014 58.05
2015 53.84
2016 51.46

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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations 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 financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets