Domestic credit to private sector in Iraq
Iraq: Domestic credit to private sector was 14.0% in 2024. ▼ Falling
Domestic credit to private sector 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 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 in Iraq peaked at 15.2% in 1965 and was at its lowest, 1.3%, in 2004.
Iraq ranks 160th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 38 years of available data.
Domestic credit to private sector 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% | +22.8% |
| 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 | 13.3% | +51.2% |
| 2021 | 11.2% | -15.9% |
| 2022 | 9.5% | -14.8% |
| 2023 | 12.6% | +31.6% |
| 2024 | 14.0% | +11.5% |
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 in Iraq?
- Domestic credit to private sector 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 recorded in Iraq?
- The highest recorded value was 15.2% in 1965.
- 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 160th out of 187 countries with data for 2024.
- Is domestic credit to private sector 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 (% 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 by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.