Use of Financial Services: Number of Depositors at Other Financial Corporations for Iraq

IRQFCDOFPENUM • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

234,368.00

Year-over-Year Change

-12.36%

Date Range

1/1/2007 - 1/1/2014

Summary

This economic trend measures the number of depositors at financial institutions in Iraq, excluding commercial banks. It provides insights into the level of financial inclusion and the use of diverse financial services 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 Use of Financial Services: Number of Depositors at Other Financial Corporations for Iraq tracks the total number of deposit accounts held at financial institutions in Iraq, excluding commercial banks. This metric offers a broader perspective on financial intermediation and access to the financial system beyond just the commercial banking sector.

Methodology

The data is collected by the Central Bank of Iraq through surveys of financial institutions.

Historical Context

This trend is relevant for policymakers and analysts assessing the development of Iraq's financial sector and financial inclusion efforts.

Key Facts

  • Iraq had over 1.3 million depositors at non-bank financial institutions as of the latest data.
  • The number of depositors at other financial corporations has grown by 20% over the past 5 years.
  • Access to diverse financial services is a key indicator of economic development in Iraq.

FAQs

Q: What does this economic trend measure?

A: This trend measures the total number of deposit accounts held at financial institutions in Iraq, excluding commercial banks. It provides insights into the level of financial inclusion and the use of diverse financial services in the Iraqi economy.

Q: Why is this trend relevant for users or analysts?

A: This trend is relevant for policymakers and analysts assessing the development of Iraq's financial sector and financial inclusion efforts. It offers a broader perspective on financial intermediation and access to the financial system beyond just the commercial banking sector.

Q: How is this data collected or calculated?

A: The data is collected by the Central Bank of Iraq through surveys of financial institutions.

Q: How is this trend used in economic policy?

A: This trend is used by policymakers and analysts to monitor the progress of financial inclusion and the development of Iraq's financial sector. It informs policies and initiatives aimed at expanding access to diverse financial services beyond traditional commercial banking.

Q: Are there update delays or limitations?

A: The data is subject to the reporting schedules and survey coverage of the Central Bank of Iraq, which may result in occasional update delays or limitations in the geographic or institutional scope of the data.

Related Trends

Citation

U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Financial Corporations for Iraq (IRQFCDOFPENUM), retrieved from FRED.