Private Credit by Deposit Money Banks to GDP for Iraq
DDDI01IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.29
Year-over-Year Change
198.92%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic indicator measures the ratio of private credit extended by deposit money banks to Iraq's gross domestic product (GDP). It provides insights into the level of financial intermediation and private sector access to credit in the Iraqi economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Private Credit by Deposit Money Banks to GDP ratio is a key metric used by economists and policymakers to assess the depth and development of a country's financial system. It reflects the degree to which the banking sector is channeling funds to the private sector, which is crucial for economic growth and investment.
Methodology
The data is compiled by the World Bank using information on domestic credit to the private sector and GDP reported by the Central Bank of Iraq and national statistics agencies.
Historical Context
This indicator is widely used by international institutions, analysts, and investors to evaluate Iraq's financial sector and its ability to support private economic activity.
Key Facts
- Iraq's private credit to GDP ratio was 15.2% in 2020.
- The ratio has declined from a high of 19.4% in 2012.
- A higher ratio indicates a more developed financial system.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the ratio of private credit extended by deposit money banks to Iraq's gross domestic product (GDP). It provides insights into the depth of the country's financial system and private sector access to credit.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and investors to assess the development and intermediation of Iraq's financial sector, which is crucial for supporting private investment and economic growth.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using information on domestic credit to the private sector and GDP reported by the Central Bank of Iraq and national statistics agencies.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this indicator to evaluate Iraq's financial sector development and its ability to channel funds to the private sector, which is a key driver of economic growth and investment.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year available may be 1-2 years behind the current period. There may also be limitations in data coverage or consistency across different sources.
Related Trends
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Iraq
IRQFCSODCXDC
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Iraq
IRQFCBODCKNUM
Number of Identified Exporters to Iraq from Michigan
MIIRQA475SCEN
Bank's Return on Equity for Iraq
DDEI06IQA156NWDB
Number of Identified Exporters to Iraq from Connecticut
CTIRQA475SCEN
Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for Iraq
IRQFCLODCSXDC
Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Iraq (DDDI01IQA156NWDB), retrieved from FRED.