Deposit Money Bank Assets to GDP for Iraq
DDDI02IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.94
Year-over-Year Change
204.74%
Date Range
1/1/1960 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP for Iraq measures the total assets held by commercial banks as a percentage of the country's Gross Domestic Product. This metric provides insight into the size and importance of the banking sector within 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
This economic indicator represents the total assets held by deposit money banks, which include commercial banks and other deposit-taking institutions, divided by the country's GDP. It offers a gauge of the financial intermediation and development of the banking system in Iraq.
Methodology
The data is collected and calculated by the World Bank using information from central banks and national statistical agencies.
Historical Context
Policymakers and analysts use this metric to assess the depth and stability of Iraq's financial system and its role in economic growth.
Key Facts
- Iraq's Deposit Money Bank Assets to GDP ratio was 23.7% in 2020.
- The ratio has fluctuated between 20-30% over the past decade.
- A larger banking sector relative to GDP is generally associated with greater financial development.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP for Iraq measures the total assets held by commercial banks and other deposit-taking institutions as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and importance of the banking sector within the Iraqi economy, which is relevant for assessing financial intermediation, development, and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from central banks and national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the depth and role of the financial system in supporting economic growth and development in Iraq.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Iraq (DDDI02IQA156NWDB), retrieved from FRED.