Financial System Deposits to GDP for Iraq
DDDI08IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.63
Year-over-Year Change
18.45%
Date Range
1/1/1960 - 1/1/2021
Summary
The Financial System Deposits to GDP for Iraq measures the size of the country's financial system relative to its overall economy. This metric is important for economists and policymakers to assess financial sector development and stability.
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
This indicator represents the total value of deposits held in financial institutions in Iraq as a percentage of the country's Gross Domestic Product. It provides insight into the depth and breadth of the financial system and its role in supporting economic activity.
Methodology
The data is calculated by the World Bank using national account and deposit data.
Historical Context
Policymakers use this indicator to evaluate financial inclusion and monitor banking sector health.
Key Facts
- Iraq's Financial System Deposits to GDP ratio was 25.6% in 2020.
- This metric has steadily increased from 15.5% in 2000, indicating growing financial sector depth.
- A high Financial System Deposits to GDP ratio suggests a more mature banking system.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Iraq measures the total value of deposits held in the country's financial institutions as a percentage of its Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the development and stability of Iraq's financial sector, which is important for assessing economic growth potential and financial inclusion.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national account and deposit data from Iraq.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to evaluate financial sector development and monitor the health of the banking system, which informs policies aimed at promoting financial inclusion and stability.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Iraq (DDDI08IQA156NWDB), retrieved from FRED.