What percentage of The Bahamas' GDP is represented by the industry?

Category: Economy

Answer:

The overall contribution of the financial services sector to the economy continues to expand, even beyond the 20% direct representation of the GDP. Expenditures from the banking sector alone exceed $600 million annually, with assets under management estimated around $1 trillion.

The offshore industry has helped integrate The Bahamas into the global economy. The financial services sector can be very catalytic and help add additional export services.