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Area Rating Tables: Bahamas
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| 1970 | 1975 | 1980 | 1985 | 1990 | 1995 | 1997 | |
|---|---|---|---|---|---|---|---|
| Summary Ratings | 6.4 | 6.0 | 6.4 | 6.0 | 6.2 | 6.7 | |
| Rank | 21 | 32 | 27 | 43 | 64 | 60 |
| Components of Economic Freedom | 1970 | 1975 | 1980 | 1985 | 1990 | 1995 | 1997 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| I. Size of Government | 9.8 | 8.8 | 8.9 | 8.9 | 8.9 | 8.5 | ||||||||
| (a) Government Consumption (% of Total) | 7.6 | (17.6) | 7.7 | (16.9) | 7.8 | (16.5) | 8.0 | (15.6) | 7.4 | (18.9) | ||||
| (b) Transfers and Subsidies (% of GDP) | 9.8 | (1.4) | 10.0 | (0.5) | 10.0 | (0.5) | 10.0 | (0.1) | 9.9 | (1.0) | 9.7 | (1.6) | ||
| II. Structure of the Economy and Use of Markets | 8.0 | 7.1 | 6.1 | 5.4 | 6.7 | 6.7 | ||||||||
| (a) Government Enterprises | 6.0 | 6.0 | (24.2) | 4.0 | 2.0 | 2.0 | 6.0 | 6.0 | ||||||
| (b) Price Controls | 4.0 | 4.0 | 4.0 | |||||||||||
| (c) Top Marginal Tax Rate | 10.0 | (0) | 10.0 | (0) | 10.0 | (0) | 10.0 | (0) | 10.0 | (0) | 10.0 | (0) | ||
| (d) Conscription | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | ||||||||
| III. Monetary Policy and Price Stability | 9.0 | 8.7 | 8.2 | 8.6 | 9.1 | 9.3 | 9.6 | |||||||
| (a) Annual Money Growth (last 5 yrs.) | 9.6 | (-1.9) | 7.9 | (10.3) | 9.6 | (2.2) | 8.7 | (6.6) | 9.1 | (4.6) | 9.0 | (4.8) | ||
| (b) Inflation Variability (last 5 yrs.) | 9.3 | (1.8) | 8.7 | (3.3) | 8.6 | (3.5) | 7.9 | (5.3) | 9.3 | (1.7) | 9.3 | (1.6) | 9.8 | (0.4) |
| (c) Recent Inflation Rate | 8.8 | (6.2) | 7.9 | (10.7) | 8.0 | (10.0) | 8.3 | (8.5) | 9.4 | (3.2) | 9.4 | (2.8) | 9.9 | (0.5) |
| IV. Freedom to Use Alternative Currencies | 7.2 | 3.6 | 3.0 | 3.9 | 3.7 | 4.8 | 4.6 | |||||||
| (a) Ownership of Foreign Currency | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||
| (b) Black Market Exchange Rates (Prem.) | 7.2 | (14.0) | 7.2 | (14.0) | 6.0 | (20.0) | 7.8 | (11.0) | 7.4 | (13.0) | 9.6 | (2.0) | 9.2 | (4.0) |
| V. Legal Structure and Property Rights | 6.8 | 6.7 | 6.3 | 6.6 | ||||||||||
| (a) Private Ownership Rights | 6.1 | 5.9 | 7.7 | 7.2 | ||||||||||
| (b) Viability of Contracts | 7.6 | 7.6 | 6.8 | 8.3 | ||||||||||
| (c) Rule of Law | 6.6 | 6.7 | 4.1 | 4.1 | ||||||||||
| VI. International Exchange | 4.6 | 4.4 | 5.3 | 3.4 | 3.0 | |||||||||
| (a) Taxes on International Trade | ||||||||||||||
| i. Taxes as a Percentage of Exports and Imports | 4.7 | (7.9) | 4.1 | (8.8) | 4.6 | (8.1) | 3.8 | (9.3) | 3.6 | (9.6) | 3.1 | (10.3) | ||
| ii. Mean Tariff Rate | 4.0 | (29.8) | 3.5 | (32.3) | 3.0 | (35.0) | ||||||||
| iii. Standard Deviation of Tariff Rates | ||||||||||||||
| (b) Non-tariff Regulatory Trade Barriers | ||||||||||||||
| i. Non-tariff Trade Restraints (% of trade covered) | 10.0 | (0.1) | ||||||||||||
| ii. Size of Trade Sector (% of GDP) | 5.6 | (151.9) | 4.7 | (133.3) | 4.0 | (124.1) | 2.8 | (108.7) | 2.8 | (114.0) | ||||
| VII. Freedom of Exchange in Financial Markets | 6.2 | 6.3 | 6.3 | 6.9 | 6.8 | 6.9 | 6.9 | |||||||
| (a) Ownership of Banks | 10.0 | (95-100) | 10.0 | (95-100) | 10.0 | (95-100) | 10.0 | (95-100) | 10.0 | (95-100) | 10.0 | (95-100) | 10.0 | (95-100) |
| (b) Extension of Credit | 9.4 | (94.7) | 7.8 | (80.2) | 7.6 | (78.5) | 7.9 | (81.2) | 7.7 | (78.9) | 8.0 | (81.7) | 8.3 | (84.3) |
| (c) Avoidance of Negative Interest Rates | 8.0 | 8.0 | 10.0 | 10.0 | 10.0 | 10.0 | ||||||||
| (d) Capital Transactions with Foreigners | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||
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