Total Expenditure and Net Lending for General Government for Iraq
IRQGGENLGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.07
Year-over-Year Change
-21.82%
Date Range
1/1/2004 - 1/1/2021
Summary
The Total Expenditure and Net Lending for General Government for Iraq measures the government's total spending and net lending as a percentage of the country's GDP. This metric is critical for assessing the fiscal health and policy stance of the Iraqi government.
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 economic indicator represents the Iraqi government's total expenditures, including consumption, investment, and net lending, expressed as a percentage of the country's gross domestic product. It provides insight into the government's fiscal policies and its role in the broader economy.
Methodology
The data is compiled by the International Monetary Fund based on official government financial statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the Iraqi government's fiscal position and its impact on economic growth and stability.
Key Facts
- Iraq's total government expenditure and net lending was 37.7% of GDP in 2021.
- Government spending has been a key driver of Iraq's economic activity in recent years.
- Fluctuations in this metric can signal changes in the government's fiscal stance and policy priorities.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Iraqi government's total expenditures, including consumption, investment, and net lending, as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the Iraqi government's fiscal position and its role in the broader economy, which is crucial for understanding the country's economic health and policy stance.
Q: How is this data collected or calculated?
A: The data is compiled by the International Monetary Fund based on official government financial statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the Iraqi government's fiscal position and its impact on economic growth and stability, informing policy decisions and economic assessments.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the International Monetary Fund, and there may be lags in data availability due to the time required for data collection and processing.
Related Trends
Central Bank Assets to GDP for Iraq
DDDI06IQA156NWDB
Remittance Inflows to GDP for Iraq
DDOI11IQA156NWDB
Current Account Balance for Iraq
IRQBCAGDPGDPPT
Broad Money for Iraq
IRQFMBPCHPT
Breakeven External Oil Price for Iraq
IRQPZPIOILBEBUSD
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Financial Intermediaries for Iraq
IRQFCBMLNUM
Citation
U.S. Federal Reserve, Total Expenditure and Net Lending for General Government for Iraq (IRQGGENLGDPGDPPT), retrieved from FRED.