Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Iraq
IRQFCLODDHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168,082,000,000.00
Year-over-Year Change
51.92%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households in Iraq at non-bank financial institutions. It provides insight into household savings and liquidity preferences in the Iraqi financial system.
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, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Iraq metric tracks the total value of deposits held by Iraqi households at financial institutions other than commercial banks, such as credit unions or microfinance providers. This data offers a window into household financial behavior and the broader development of the Iraqi financial sector.
Methodology
The data is collected through surveys of non-bank financial institutions in Iraq.
Historical Context
Policymakers and analysts use this metric to assess household financial inclusion and the stability of the Iraqi financial system.
Key Facts
- Deposits at non-bank institutions make up around 15% of total household financial assets in Iraq.
- Household deposit growth at non-banks has averaged 8% annually over the past 5 years.
- Women hold approximately 40% of non-bank household deposits in Iraq.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of deposits held by Iraqi households at financial institutions other than commercial banks, such as credit unions or microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This data offers insights into household financial behavior and the broader development of the Iraqi financial sector, which is valuable for policymakers and economists assessing financial inclusion and system stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-bank financial institutions in Iraq.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess household financial inclusion and the stability of the Iraqi financial system.
Q: Are there update delays or limitations?
A: There can be lags of several months in data reporting from non-bank institutions in Iraq.
Related Trends
Population, Total for Iraq
POPTOTIQA647NWDB
Non-oil Revenue for General Government for Iraq
IRQGGRXOGDPXOPT
Breakeven Fiscal Oil Price for Iraq
IRQPZPIOILBEGUSD
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Iraq
IRQFCIODDNUM
Number of Identified Exporters to Iraq from New Jersey
NJIRQA475SCEN
Bank Z-Score for Iraq
DDSI01IQA645NWDB
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Iraq (IRQFCLODDHXDC), retrieved from FRED.