Bank Deposits to GDP for Iraq
DDOI02IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.63
Year-over-Year Change
18.45%
Date Range
1/1/1960 - 1/1/2021
Summary
The Bank Deposits to GDP ratio for Iraq measures the total value of bank deposits held by the public as a percentage of the country's gross domestic product. This metric provides insight into the level of financial intermediation and the banking sector's role 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 Bank Deposits to GDP ratio reflects the size of a country's banking system relative to its overall economic output. It is an important indicator of financial development and the public's confidence in the banking sector.
Methodology
The data is collected and calculated by the World Bank using official national accounts and banking sector statistics.
Historical Context
Policymakers and economists use this trend to assess the depth and stability of Iraq's financial system and its ability to support economic growth.
Key Facts
- Iraq's Bank Deposits to GDP ratio was 25.6% in 2020.
- The ratio has increased from 12.4% in 2000, indicating growth in the banking sector.
- A higher ratio suggests a more developed financial system that can better mobilize savings and allocate capital.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio for Iraq measures the total value of bank deposits held by the public 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 level of financial intermediation and the banking sector's role in supporting the Iraqi economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the depth and stability of Iraq's financial system and its ability to support economic growth.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent updates.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Iraq (DDOI02IQA156NWDB), retrieved from FRED.