Domestic credit to private sector (% of GDP) (World Development) in Iraq
Iraq: Domestic credit to private sector (% of GDP) (World Development) was 13.1% in 2020. ▼ Falling
Domestic credit to private sector in Iraq, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Iraq recorded 13.1% for domestic credit to private sector in 2020.
Compared with earlier readings it is up 48.3% on the previous year and up 142.3% over ten years.
Over the whole period, domestic credit to private sector in Iraq peaked at 14.1% in 1970 and was at its lowest, 1.3%, in 2004.
That places Iraq 170th out of 187 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Domestic credit to private sector (% of GDP) (World Development) in Iraq, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 8.5% | — |
| 1961 | 9.1% | +7.2% |
| 1962 | 9.0% | -1.1% |
| 1963 | 9.2% | +1.6% |
| 1964 | 8.2% | -10.5% |
| 1968 | 13.6% | +65.6% |
| 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% | +22.8% |
| 2006 | 2.3% | +45.5% |
| 2007 | 2.5% | +9.4% |
| 2008 | 2.7% | +8.3% |
| 2009 | 3.8% | +40.9% |
| 2010 | 5.4% | +42.7% |
| 2011 | 5.4% | +0.4% |
| 2012 | 5.9% | +9.1% |
| 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 | 13.1% | +48.3% |
Iraq compared with similar countries
- Iraq's 13.1% is below the median for upper middle income countries, which is 52.0%, 25% of the median. (55 countries reporting)
- Iraq's 13.1% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 60.3%, 22% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector (% of GDP) (World Development) 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 | 10.2% | 8.2% | 13.6% | 7 |
| 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 | 13.1% | 13.1% | 13.1% | 1 |
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 in Iraq?
- Domestic credit to private sector in Iraq was 13.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Iraq?
- The highest recorded value was 14.1% in 1970.
- What is the lowest domestic credit to private sector recorded in Iraq?
- The lowest recorded value was 1.3% in 2004.
- How does Iraq rank for domestic credit to private sector?
- Iraq ranks 170th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Iraq?
- Over the last ten years it is up 142.3%. The long-run trend across the full record is falling.
- Where does this Iraq data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.