Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Iraq
DDDI12IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.29
Year-over-Year Change
198.92%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Iraq's gross domestic product (GDP). It is an important indicator of financial development and access to credit 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 private credit to GDP ratio provides insights into the depth and breadth of the Iraqi financial system. It reflects the level of financial intermediation and the ability of businesses and households to access loans and other forms of credit to support economic activity.
Methodology
The data is collected and calculated by the World Bank using information from national accounts and financial sector sources.
Historical Context
This metric is widely used by economists and policymakers to evaluate the financial sector's role in supporting private investment and economic growth.
Key Facts
- Iraq's private credit to GDP ratio was 13.78% in 2020.
- The ratio peaked at 18.24% in 2013 and has declined since then.
- Access to credit remains a constraint for private sector growth in Iraq.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Iraq's gross domestic product (GDP). It is an indicator of financial sector development and access to credit in the Iraqi economy.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key metric used by economists and policymakers to assess the depth and breadth of a country's financial system and its ability to support private investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national accounts and financial sector sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial sector's role in supporting private investment and economic development, and to inform policies aimed at improving access to credit and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent developments in the Iraqi financial system.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Iraq (DDDI12IQA156NWDB), retrieved from FRED.