Bank Concentration for Iraq
DDOI01IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.27
Year-over-Year Change
-68.98%
Date Range
1/1/2005 - 1/1/2021
Summary
The Bank Concentration for Iraq trend measures the degree of market share held by the largest banks in the Iraqi banking sector. This metric is important for economists and policymakers to assess the competitiveness and stability of the banking 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 Bank Concentration trend represents the percentage of total banking assets held by the three largest commercial banks in Iraq. It is a key indicator of market structure and competition in the financial industry, which has implications for interest rates, credit availability, and systemic risk.
Methodology
This data is collected and reported annually by the World Bank based on information provided by national central banking authorities.
Historical Context
Policymakers use the bank concentration ratio to monitor the evolution of market power and competitiveness in the banking sector, which can inform regulatory and financial stability policies.
Key Facts
- Iraq's bank concentration ratio was 72.3% in 2020.
- High bank concentration can reduce competition and increase systemic risk.
- Bank concentration has declined in Iraq since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Iraq trend measures the percentage of total banking assets held by the three largest commercial banks in the country.
Q: Why is this trend relevant for users or analysts?
A: The bank concentration ratio is an important indicator of market structure and competition in the financial industry, which has implications for interest rates, credit availability, and financial stability.
Q: How is this data collected or calculated?
A: This data is collected and reported annually by the World Bank based on information provided by national central banking authorities.
Q: How is this trend used in economic policy?
A: Policymakers use the bank concentration ratio to monitor the evolution of market power and competitiveness in the banking sector, which can inform regulatory and financial stability policies.
Q: Are there update delays or limitations?
A: The bank concentration data is reported annually, so there may be a delay of up to one year in the most recent information being available.
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Citation
U.S. Federal Reserve, Bank Concentration for Iraq (DDOI01IQA156NWDB), retrieved from FRED.