Private credit by deposit money banks and other financial in Iraq
Iraq: Private credit by deposit money banks and other financial was 11.3% in 2021. ▼ Falling
Private credit by deposit money banks and other financial in Iraq, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Iraq recorded 11.3% for private credit by deposit money banks and other financial in 2021.
The figure is down 20.6% on the previous year and up 109.6% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Iraq peaked at 14.2% in 2020 and was at its lowest, 1.3%, in 2004.
That places Iraq 170th out of 187 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 32 years of available data.
Private credit by deposit money banks and other financial in Iraq, year by year
| Year | % | 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 | 13.7% | +66.5% |
| 1969 | 13.7% | +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% | +3.2% |
| 1976 | 6.6% | -8.9% |
| 2004 | 1.3% | -80.8% |
| 2005 | 1.6% | +24.5% |
| 2006 | 2.3% | +43.4% |
| 2007 | 2.5% | +9.4% |
| 2008 | 2.7% | +8.5% |
| 2009 | 3.8% | +41.0% |
| 2010 | 5.4% | +42.7% |
| 2011 | 5.4% | -0.1% |
| 2012 | 5.9% | +9.7% |
| 2013 | 6.3% | +7.2% |
| 2014 | 6.6% | +4.7% |
| 2015 | 9.3% | +39.9% |
| 2016 | 10.0% | +8.0% |
| 2017 | 9.3% | -7.1% |
| 2018 | 8.6% | -7.6% |
| 2019 | 8.8% | +2.2% |
| 2020 | 14.2% | +61.7% |
| 2021 | 11.3% | -20.6% |
Iraq compared with similar countries
- Iraq's 11.3% is below the median for upper middle income countries, which is 50.2%, 22% of the median. (55 countries reporting)
- Iraq's 11.3% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 64.4%, 18% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial 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 | -80.8% | 6.6% | 1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.2% | 8.2% | 13.7% | 7 |
| 1970s | 10.3% | 6.6% | 14.1% | 7 |
| 2000s | 2.3% | 1.3% | 3.8% | 6 |
| 2010s | 7.6% | 5.4% | 10.0% | 10 |
| 2020s | 12.8% | 11.3% | 14.2% | 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 private credit by deposit money banks and other financial in Iraq?
- Private credit by deposit money banks and other financial in Iraq was 11.3% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Iraq?
- The highest recorded value was 14.2% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Iraq?
- The lowest recorded value was 1.3% in 2004.
- How does Iraq rank for private credit by deposit money banks and other financial?
- Iraq ranks 170th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Iraq?
- Over the last ten years it is up 109.6%. The long-run trend across the full record is falling.
- Where does this Iraq data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)