Private credit by deposit money banks to GDP in Iraq
Iraq: Private credit by deposit money banks to GDP was 11.3% in 2021. ▼ Falling
Private credit by deposit money banks to GDP 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 to gdp in 2021.
That represents a change of down 20.6% on the previous year and up 109.6% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Iraq peaked at 14.2% in 2020 and was at its lowest, 1.3%, in 2004.
Iraq ranks 170th of 187 countries on this measure, 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 to GDP 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 | 13.6% | +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% | +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 49.7%, 23% 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 to GDP 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 | 7.6% | 5.4% | 10.0% | 10 |
| 2020s | 12.8% | 11.3% | 14.2% | 2 |
Countries ranked near Iraq
- 167 Tanzania, United Republic of 12.6% compare
- 168 Nigeria 12.2% compare
- 169 Central African Republic 11.5% compare
- 171 Ghana 10.3% compare
- 172 Tajikistan 9.7% compare
- 173 Chad 9.5% compare
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 private credit by deposit money banks to gdp in Iraq?
- Private credit by deposit money banks to gdp 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 to gdp recorded in Iraq?
- The highest recorded value was 14.2% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Iraq?
- The lowest recorded value was 1.3% in 2004.
- How does Iraq rank for private credit by deposit money banks to gdp?
- Iraq ranks 170th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp 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 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 (IFS line 22d); 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).