Private Sector Credit Statistics in Iraq (2026)
According to World Bank World Development Indicators data, domestic credit to the private sector in Iraq came to 14% of GDP in 2024. Up from 12.6% of GDP in 2023 to 14% of GDP in 2024 (+1.4 percentage points). Iraq ranks #13 of 16 economies in Middle East, North Africa, Afghanistan & Pakistan on this measure, and #138 of 160 globally.
Key Statistics
- Latest value (2024)
- 14% of GDP (2024)
- Private Sector Credit in Iraq as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +1.4 pp (2024)
- Up from 12.6% of GDP in 2023 to 14% of GDP in 2024 (+1.4 percentage points).
- Earliest value in this dataset (2004)
- 1.3% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 1.3% of GDP in 2004 to 14% of GDP in 2024.
- Record high (2024)
- 14% of GDP (2024)
- The 2024 value is the highest in the available World Bank World Development Indicators series for Iraq.
- Rank in Middle East, North Africa, Afghanistan & Pakistan
- #13 of 16 (2024)
- Iraq ranks 13 of 16 countries in Middle East, North Africa, Afghanistan & Pakistan with data, based on each country's latest value.
- Global rank
- #138 of 160 (2024)
- Iraq ranks 138 of 160 countries with data globally.
- Middle East, North Africa, Afghanistan & Pakistan average
- 48.6% of GDP (2024)
- Iraq (14% of GDP) is below the average of 48.6% of GDP across the 16 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 14% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 20.3% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Internet use in Iraq (2024)
- 81.5% (2024)
- 81.5% of the population in Iraq used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 46 million (2024)
- Iraq had a population of 46 million in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 14% | +1.4 pp |
| 2023 | 12.6% | +3.0 pp |
| 2022 | 9.5% | −1.7 pp |
| 2021 | 11.2% | −2.1 pp |
| 2020 | 13.3% | +4.5 pp |
| 2019 | 8.8% | +0.2 pp |
| 2018 | 8.6% | −1.0 pp |
| 2017 | 9.5% | −0.5 pp |
| 2016 | 10.1% | +0.2 pp |
| 2015 | 9.9% | +3.1 pp |
| 2014 | 6.8% | +0.5 pp |
| 2013 | 6.3% | +0.4 pp |
| 2012 | 5.9% | +0.5 pp |
| 2011 | 5.4% | +0.0 pp |
| 2010 | 5.4% | +1.6 pp |
| 2009 | 3.8% | +1.1 pp |
| 2008 | 2.7% | +0.2 pp |
| 2007 | 2.5% | +0.2 pp |
| 2006 | 2.3% | +0.7 pp |
| 2005 | 1.6% | +0.3 pp |
| 2004 | 1.3% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Iraq?
Domestic credit to the private sector in Iraq stood at 14% of GDP in 2024, according to World Bank World Development Indicators data.
Where does Iraq rank globally on private sector credit?
Iraq ranks 138 of 160 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
How recent is the private sector credit data for Iraq?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Iraq.
Where does the private sector credit data for Iraq come from?
The data comes from the World Bank World Development Indicators (indicator FS.AST.PRVT.GD.ZS). The latest observation for Iraq is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .