Domestic credit to private sector in Iraq
Iraq: Domestic credit to private sector 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 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% |
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.
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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.