Geographical Outreach: Number of Institutions, Other Financial Corporations for Iraq
IRQFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.00
Year-over-Year Change
235.29%
Date Range
1/1/2004 - 1/1/2016
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations for Iraq' metric tracks the total number of non-bank financial institutions operating in Iraq. This data point is important for economists and policymakers to understand the development of Iraq's financial services sector.
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 series measures the number of financial companies in Iraq that are not banks, such as insurance providers, investment funds, and other non-depository institutions. It offers insight into the geographic and institutional coverage of Iraq's financial system beyond just the traditional banking sector.
Methodology
The data is collected through surveys and reporting from Iraq's Central Bank.
Historical Context
Policymakers use this metric to gauge the breadth of financial access and inclusion in the Iraqi economy.
Key Facts
- The series began in 2004.
- Iraq had 2,304 non-bank financial institutions as of 2020.
- The number of institutions has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of non-bank financial institutions operating in Iraq, including insurance providers, investment funds, and other non-depository corporations.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the development and geographic coverage of Iraq's financial system beyond just the traditional banking sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Iraq's Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to gauge the breadth of financial access and inclusion in the Iraqi economy.
Q: Are there update delays or limitations?
A: The data is updated periodically by the Federal Reserve, but there may be lags in reporting from the original sources in Iraq.
Related Trends
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MIIRQA052SCEN
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Iraq
IRQFCAANUM
Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Iraq
IDSGAMRINIIQ
Non-Bank Financial Institutions' Assets to GDP for Iraq
DDDI03IQA156NWDB
Bank's Net Interest Margin for Iraq
DDEI01IQA156NWDB
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Iraq
IRQFCSODCXDC
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Iraq (IRQFCIOFNUM), retrieved from FRED.