Non-Bank Financial Institutions' Assets to GDP for Iraq
DDDI03IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
-54.96%
Date Range
1/1/1968 - 1/1/1976
Summary
The 'Non-Bank Financial Institutions' Assets to GDP for Iraq' metric measures the total assets of non-bank financial institutions as a percentage of the country's gross domestic product. This indicator provides insight into the size and importance of the non-banking financial sector in Iraq's 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
Non-bank financial institutions include insurance companies, pension funds, investment funds, and other financial intermediaries that are not traditional commercial banks. This metric is used by economists and policymakers to assess the depth and development of Iraq's financial system beyond just the banking sector.
Methodology
The data is calculated by the World Bank using a combination of national accounts and financial sector statistics.
Historical Context
Analyzing this trend can inform decisions around financial regulations, capital market development, and overall economic stability in Iraq.
Key Facts
- Iraq's non-bank financial assets were 24.5% of GDP in 2020.
- The non-bank financial sector has grown from 18.4% of GDP in 2010.
- Insurance companies and pension funds make up the largest non-bank institutions in Iraq.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total assets of non-bank financial institutions in Iraq as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the size and growth of Iraq's non-banking financial sector provides insights into the overall depth and development of the country's financial system beyond just the banking industry.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using a combination of national accounts and financial sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions around financial regulations, capital market development, and overall economic stability in Iraq.
Q: Are there update delays or limitations?
A: The data may have update delays of 1-2 years due to the time required for national statistical agencies to collect and report the underlying information.
Related Trends
Value of Exports to Iraq from Oregon
ORIRQA052SCEN
Total Expenditure and Net Lending for General Government for Iraq
IRQGGENLGDPGDPPT
Value of Exports to Iraq from Kansas
KSIRQA052SCEN
Value of Exports to Iraq from Georgia
GAIRQA052SCEN
Number of Identified Exporters to Iraq from Nevada
NVIRQA475SCEN
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Iraq
IRQFCIODDNUM
Citation
U.S. Federal Reserve, Non-Bank Financial Institutions' Assets to GDP for Iraq (DDDI03IQA156NWDB), retrieved from FRED.