Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Iraq
IRQFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.64
Year-over-Year Change
442.15%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks to small and medium-sized enterprises (SMEs) in Iraq, providing insights into the level of financial services usage by this crucial business segment.
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 Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Iraq series measures the total value of outstanding loans extended by commercial banks to small and medium-sized enterprises in the Iraqi economy. This metric offers a window into the level of financial intermediation and access to credit for the SME sector, which is vital for economic growth and development.
Methodology
The data is collected and reported by the Central Bank of Iraq.
Historical Context
Policymakers and analysts use this indicator to assess the financial health and credit conditions of the Iraqi SME sector, which is crucial for private sector development.
Key Facts
- Iraq's SME sector accounts for over 90% of all enterprises.
- Outstanding SME loans were 5.4% of GDP in 2020.
- The Iraqi government has set targets to increase SME lending
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding loans extended by commercial banks to small and medium-sized enterprises (SMEs) in Iraq.
Q: Why is this trend relevant for users or analysts?
A: The level of SME lending is a key metric for assessing financial inclusion and private sector development in the Iraqi economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Iraq.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor credit conditions and access to finance for the crucial SME sector in Iraq.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Iraq, but may be subject to revision or delays in reporting.
Related Trends
Gross Domestic Product in Current Prices for Iraq
IRQNGDPDUSD
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Iraq
IRQFCBODDNUM
Value of Exports to Iraq from Illinois
ILIRQA052SCEN
Value of Exports to Iraq from North Dakota
NDIRQA052SCEN
Liquid Liabilities (Broad Money) for Iraq
DDOI07IQA648NWDB
Value of Exports to Iraq from California
CAIRQA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Iraq (IRQFCSODCSGGDPPT), retrieved from FRED.