Domestic credit to private sector by banks in Iraq
Iraq: Domestic credit to private sector by banks was 14.0% in 2024. ▼ Falling
Domestic credit to private sector by banks in Iraq, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in Iraq stood at 14.0%.
Compared with earlier readings it is up 11.5% on the previous year and up 105.3% over ten years.
Over the whole period, domestic credit to private sector by banks in Iraq peaked at 15.2% in 1965 and was at its lowest, 1.3%, in 2004.
That places Iraq 155th out of 187 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 38 years of available data.
Domestic credit to private sector by banks in Iraq, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 9.3% | — |
| 1961 | 10.0% | +7.2% |
| 1962 | 9.9% | -1.1% |
| 1963 | 10.1% | +1.6% |
| 1964 | 9.0% | -10.5% |
| 1965 | 15.2% | +69.0% |
| 1966 | 14.8% | -3.0% |
| 1967 | 14.3% | -3.1% |
| 1968 | 13.6% | -4.9% |
| 1969 | 13.6% | +0.0% |
| 1970 | 14.1% | +3.3% |
| 1971 | 12.5% | -11.3% |
| 1972 | 12.7% | +1.5% |
| 1973 | 12.0% | -5.5% |
| 1974 | 7.0% | -41.8% |
| 1975 | 7.2% | +3.3% |
| 1976 | 6.6% | -8.9% |
| 2004 | 1.3% | -80.7% |
| 2005 | 1.6% | +22.6% |
| 2006 | 2.3% | +45.6% |
| 2007 | 2.5% | +9.4% |
| 2008 | 2.7% | +8.5% |
| 2009 | 3.8% | +40.9% |
| 2010 | 5.4% | +42.8% |
| 2011 | 5.4% | -0.1% |
| 2012 | 5.9% | +9.7% |
| 2013 | 6.3% | +7.2% |
| 2014 | 6.8% | +7.6% |
| 2015 | 9.9% | +44.9% |
| 2016 | 10.1% | +2.0% |
| 2017 | 9.5% | -5.2% |
| 2018 | 8.6% | -10.2% |
| 2019 | 8.8% | +2.7% |
| 2020 | 13.3% | +51.2% |
| 2021 | 11.2% | -15.9% |
| 2022 | 9.5% | -14.8% |
| 2023 | 12.6% | +31.6% |
| 2024 | 14.0% | +11.5% |
Iraq compared with similar countries
- Iraq's 14.0% is below the median for upper middle income countries, which is 39.8%, 35% of the median. (55 countries reporting)
- Iraq's 14.0% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 56.4%, 25% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | -80.7% | 6.6% | 1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.0% | 9.0% | 15.2% | 10 |
| 1970s | 10.3% | 6.6% | 14.1% | 7 |
| 2000s | 2.3% | 1.3% | 3.8% | 6 |
| 2010s | 7.7% | 5.4% | 10.1% | 10 |
| 2020s | 12.1% | 9.5% | 14.0% | 5 |
Countries ranked near Iraq
More financial sector data for Iraq
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 8.44 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 6.17 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 8.44 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Iraq?
- Domestic credit to private sector by banks in Iraq was 14.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Iraq?
- The highest recorded value was 15.2% in 1965.
- What is the lowest domestic credit to private sector by banks recorded in Iraq?
- The lowest recorded value was 1.3% in 2004.
- How does Iraq rank for domestic credit to private sector by banks?
- Iraq ranks 155th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Iraq?
- Over the last ten years it is up 105.3%. The long-run trend across the full record is falling.
- Where does this Iraq data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.