Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Iraq
IRQFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,252,894,000,000.00
Year-over-Year Change
473.83%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Iraq, providing insights into the level of financial services usage and access to credit in the country.
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 at Commercial Banks for Iraq series tracks the total value of loans extended by commercial banks operating in Iraq. This metric is a key indicator of financial intermediation and the health of the Iraqi banking sector.
Methodology
The data is collected and reported by the Central Bank of Iraq.
Historical Context
This trend is closely monitored by policymakers, economists, and international financial institutions to assess financial inclusion and economic development in Iraq.
Key Facts
- Iraq's commercial bank lending has grown steadily since 2003.
- Outstanding loans account for over 20% of Iraq's GDP.
- Access to credit remains a challenge for many Iraqis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks operating in Iraq, providing insights into financial services usage and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial intermediation and the health of the Iraqi banking sector, which is closely monitored by policymakers, economists, and international institutions to assess financial inclusion and economic development.
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 trend to monitor the growth and accessibility of credit in the Iraqi economy, which is crucial for supporting private sector development and financial inclusion.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Iraq, but there may be occasional delays or limitations in coverage due to the challenging economic and political environment in the country.
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IRQBCAGDPGDPPT
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Iraq (IRQFCSODCXDC), retrieved from FRED.