Domestic credit to private sector by banks in Bahamas
Bahamas: Domestic credit to private sector by banks was 40.4% in 2024. ▲ Rising
Domestic credit to private sector by banks in Bahamas, 1969–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Bahamas is 40.4%, measured in 2024.
The figure is up 2.4% on the previous year and down 33.4% over ten years.
Over the whole period, domestic credit to private sector by banks in Bahamas peaked at 66.8% in 2011 and was at its lowest, 25.5%, in 1985.
That places Bahamas 88th out of 187 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Domestic credit to private sector by banks in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1969 | 60.0% | — |
| 1970 | 64.7% | +7.9% |
| 1971 | 38.5% | -40.5% |
| 1972 | 40.9% | +6.2% |
| 1973 | 55.1% | +34.7% |
| 1974 | 41.9% | -24.0% |
| 1975 | 49.3% | +17.8% |
| 1976 | 41.3% | -16.4% |
| 1977 | 40.2% | -2.6% |
| 1978 | 37.2% | -7.6% |
| 1979 | 30.6% | -17.7% |
| 1980 | 30.2% | -1.3% |
| 1981 | 31.1% | +3.0% |
| 1982 | 30.6% | -1.5% |
| 1983 | 29.4% | -3.9% |
| 1984 | 26.2% | -10.9% |
| 1985 | 25.5% | -2.6% |
| 1986 | 27.4% | +7.3% |
| 1987 | 29.1% | +6.1% |
| 1988 | 30.2% | +4.1% |
| 1989 | 30.3% | +0.2% |
| 1990 | 35.5% | +17.1% |
| 1991 | 37.4% | +5.5% |
| 1992 | 39.1% | +4.5% |
| 1993 | 45.3% | +15.8% |
| 1994 | 48.8% | +7.9% |
| 1995 | 51.8% | +6.1% |
| 1996 | 54.1% | +4.4% |
| 1997 | 39.3% | -27.4% |
| 1998 | 40.5% | +3.1% |
| 1999 | 40.0% | -1.3% |
| 2000 | 43.5% | +8.8% |
| 2001 | 45.5% | +4.6% |
| 2002 | 44.2% | -2.8% |
| 2003 | 44.5% | +0.7% |
| 2004 | 46.4% | +4.2% |
| 2005 | 48.9% | +5.4% |
| 2006 | 55.1% | +12.8% |
| 2007 | 58.3% | +5.7% |
| 2008 | 61.9% | +6.2% |
| 2009 | 65.8% | +6.4% |
| 2010 | 65.6% | -0.3% |
| 2011 | 66.8% | +1.8% |
| 2012 | 64.3% | -3.8% |
| 2013 | 65.3% | +1.6% |
| 2014 | 60.7% | -6.9% |
| 2015 | 56.7% | -6.6% |
| 2016 | 54.7% | -3.7% |
| 2017 | 50.9% | -6.9% |
| 2018 | 48.8% | -4.1% |
| 2019 | 46.1% | -5.5% |
| 2020 | 58.1% | +25.8% |
| 2021 | 49.1% | -15.5% |
| 2022 | 43.2% | -12.0% |
| 2023 | 39.5% | -8.6% |
| 2024 | 40.4% | +2.4% |
Bahamas compared with similar countries
- Bahamas's 40.4% is below the median for high income countries, which is 64.3%, 63% of the median. (61 countries reporting)
- Bahamas's 40.4% is below the median for Latin America & Caribbean, which is 42.9%, 94% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 60.0% | 60.0% | 60.0% | 1 |
| 1970s | 44.0% | 30.6% | 64.7% | 10 |
| 1980s | 29.0% | 25.5% | 31.1% | 10 |
| 1990s | 43.2% | 35.5% | 54.1% | 10 |
| 2000s | 51.4% | 43.5% | 65.8% | 10 |
| 2010s | 58.0% | 46.1% | 66.8% | 10 |
| 2020s | 46.0% | 39.5% | 58.1% | 5 |
Countries ranked near Bahamas
More financial sector data for Bahamas
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2024)
- Reserve position in the IMF, US dollar, per capita 65.53 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2024)
- Reserve position in the IMF, SDR, per capita 47.85 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2024)
- Reserve tranche position, US dollar, per capita 65.53 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Bahamas?
- Domestic credit to private sector by banks in Bahamas was 40.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Bahamas?
- The highest recorded value was 66.8% in 2011.
- What is the lowest domestic credit to private sector by banks recorded in Bahamas?
- The lowest recorded value was 25.5% in 1985.
- How does Bahamas rank for domestic credit to private sector by banks?
- Bahamas ranks 88th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Bahamas?
- Over the last ten years it is down 33.4%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.