Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Iraq
IRQFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148,611,193,000,000.00
Year-over-Year Change
217.48%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in Iraq. It provides insight into the level of financial services usage and liquidity 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 outstanding deposits at commercial banks in Iraq reflect the total value of funds deposited by households, businesses, and other entities. This metric offers economists and policymakers a view into the overall health and activity of Iraq's banking and financial system.
Methodology
The data is collected by the Central Bank of Iraq and reported through the Federal Reserve Economic Data (FRED) system.
Historical Context
Analyzing trends in Iraqi bank deposits can inform assessments of economic growth, financial stability, and the effectiveness of monetary policy.
Key Facts
- Iraq's commercial bank deposits reached a record high in 2021.
- Deposit levels have grown steadily since the early 2000s.
- Deposits are a key indicator of financial system development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at commercial banks in Iraq. It provides insight into the level of financial services usage and liquidity in the Iraqi economy.
Q: Why is this trend relevant for users or analysts?
A: Analyzing trends in Iraqi bank deposits can inform assessments of economic growth, financial stability, and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Iraq and reported through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate the health and activity of Iraq's banking and financial system, which can inform decisions around monetary policy and financial regulations.
Q: Are there update delays or limitations?
A: There may be some delays in reporting the latest deposit data from Iraq, and the information may not capture all informal or unregulated financial activity.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Iraq (IRQFCLODCXDC), retrieved from FRED.