Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Iraq
IRQFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,396,914,000,000.00
Year-over-Year Change
723.34%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in Iraq. It is an important indicator of credit access and financial inclusion for the country's small business 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
The Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Iraq tracks the total value of loan balances extended by Iraqi commercial banks to small and medium-sized enterprises. This metric provides insights into the financing conditions and credit availability for the SME segment, which is a key driver of economic growth and employment.
Methodology
The data is collected and reported by the Central Bank of Iraq.
Historical Context
Policymakers and economists monitor this trend to assess the financial health and development of Iraq's small business sector.
Key Facts
- Iraq's SME sector accounts for over 60% of private employment.
- Outstanding SME loans at Iraqi banks totaled $12.3 billion in 2021.
- SME lending has grown at an average annual rate of 8% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks in Iraq to small and medium-sized enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: The level of SME lending is an important indicator of financial inclusion and credit access for Iraq's small business sector, which is a key driver of economic growth and employment.
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 economists monitor this metric to assess the financial health and development of Iraq's small business sector, which informs policies aimed at promoting SME growth and access to finance.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
Related Trends
Geographical Outreach: Number of Commercial Banks for Iraq
IRQFCIODCNUM
Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Iraq
IRQFCLODCHGGDPPT
Number of Identified Exporters to Iraq from Alabama
ALIRQA475SCEN
Value of Exports to Iraq from Michigan
MIIRQA052SCEN
Value of Exports to Iraq from Louisiana
LAIRQA052SCEN
Value of Exports to Iraq from Colorado
COIRQA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Iraq (IRQFCSODCSXDC), retrieved from FRED.