Financial system deposits to GDP in Iraq
Iraq: Financial system deposits to GDP was 22.6% in 2021. ▲ Rising
Financial system deposits to GDP in Iraq, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, financial system deposits to gdp in Iraq stood at 22.6%.
Compared with earlier readings it is down 23.6% on the previous year and up 7.5% over ten years.
Over the whole period, financial system deposits to gdp in Iraq peaked at 29.6% in 2020 and was at its lowest, 7.4%, in 2005.
Iraq ranks 160th of 185 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Financial system deposits to GDP in Iraq, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 9.8% | — |
| 1961 | 9.4% | -4.3% |
| 1962 | 9.8% | +4.4% |
| 1963 | 9.5% | -2.6% |
| 1964 | 8.1% | -14.8% |
| 1968 | 10.5% | +29.6% |
| 1969 | 11.3% | +7.7% |
| 1970 | 10.6% | -6.1% |
| 1971 | 10.3% | -3.5% |
| 1972 | 11.3% | +10.1% |
| 1973 | 12.8% | +13.2% |
| 1974 | 8.3% | -35.2% |
| 1975 | 10.8% | +30.4% |
| 1976 | 10.2% | -5.9% |
| 2004 | 13.7% | +34.6% |
| 2005 | 7.4% | -45.9% |
| 2006 | 8.3% | +12.0% |
| 2007 | 11.6% | +39.5% |
| 2008 | 11.6% | -0.4% |
| 2009 | 19.1% | +65.1% |
| 2010 | 22.8% | +19.5% |
| 2011 | 21.0% | -7.8% |
| 2012 | 18.3% | -13.2% |
| 2013 | 19.9% | +8.7% |
| 2014 | 20.7% | +4.4% |
| 2015 | 23.8% | +15.0% |
| 2016 | 24.4% | +2.2% |
| 2017 | 23.0% | -5.5% |
| 2018 | 20.4% | -11.4% |
| 2019 | 20.1% | -1.4% |
| 2020 | 29.6% | +47.2% |
| 2021 | 22.6% | -23.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.8% | 8.1% | 11.3% | 7 |
| 1970s | 10.6% | 8.3% | 12.8% | 7 |
| 2000s | 12.0% | 7.4% | 19.1% | 6 |
| 2010s | 21.5% | 18.3% | 24.4% | 10 |
| 2020s | 26.1% | 22.6% | 29.6% | 2 |
Countries ranked near Iraq
More financial sector data for Iraq
- Net domestic credit (current LCU), per capita 1.71 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 280.79 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 41.67 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 196.49 million SDR (2025)
- Gold reserves at market value 17.90 billion SDR (2025)
- Reserves excluding gold, foreign exchange 53.46 billion SDR (2025)
- Reserves excluding gold 53.98 billion SDR (2025)
- Total reserves (gold at market value) 71.89 billion SDR (2025)
- Total reserves (gold at national valuation) 71.67 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,524 SDR per person (2025)
Frequently asked questions
- What is financial system deposits to gdp in Iraq?
- Financial system deposits to gdp in Iraq was 22.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Iraq?
- The highest recorded value was 29.6% in 2020.
- What is the lowest financial system deposits to gdp recorded in Iraq?
- The lowest recorded value was 7.4% in 2005.
- How does Iraq rank for financial system deposits to gdp?
- Iraq ranks 160th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Iraq?
- Over the last ten years it is up 7.5%. The long-run trend across the full record is rising.
- Where does this Iraq data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).