Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Iraq
DDOI09IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.24
Year-over-Year Change
-5.89%
Date Range
1/1/2006 - 1/1/2021
Summary
This economic trend measures the total outstanding loans from non-resident banks to Iraq as a percentage of its GDP. It provides insights into Iraq's international financial integration and dependence on foreign credit sources.
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 'Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Iraq' metric tracks the ratio of outstanding loans from banks outside of Iraq to the country's overall economic output. It reflects Iraq's reliance on foreign credit and capital inflows, which is a key indicator of its financial openness and integration with the global economy.
Methodology
The data is collected and calculated by the World Bank using information from national and international sources.
Historical Context
This trend is used by economists, policymakers, and investors to assess Iraq's macroeconomic stability, creditworthiness, and access to international financial markets.
Key Facts
- Iraq's outstanding loans from non-resident banks were 2.1% of GDP in 2020.
- This ratio has declined from a high of 6.3% in 2010.
- The trend reflects Iraq's efforts to reduce its reliance on foreign credit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans from banks outside of Iraq to the country, expressed as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Iraq's financial integration with the global economy and its dependence on foreign credit, which are important factors for assessing the country's macroeconomic stability and creditworthiness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national and international sources.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and investors use this trend to evaluate Iraq's access to international financial markets, its ability to attract foreign capital, and the sustainability of its economic growth and development.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the availability and accuracy of the underlying sources can vary over time.
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Citation
U.S. Federal Reserve, Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Iraq (DDOI09IQA156NWDB), retrieved from FRED.