Deposit interest rate — all countries

Deposit interest rate — Iraq

Deposit interest rate in Iraq in 2015 — 4.86%. Ranked 48 in the world out of 140. Since 2005, the indicator has fallen by 1.7 pp.

2015 4.86% −0.3 pp vs 2014
World rank 48of 140
Period maximum 10.54%2008
Period minimum 4.86%2015

Trend over time

2005–2015 · % per annum

Deposit interest rate — Iraq, 2005–20154681012200520062007200820092010201120122013201420152005: 6.56%2006: 6.62%2007: 10.43%2008: 10.54%2009: 7.82%2010: 6.06%2011: 5.91%2012: 5.87%2013: 5.75%2014: 5.16%2015: 4.86%
Change over the period: −1.7 pp Annual average: -0.17 pp
Deposit interest rate — Iraq, by year Iraq All countries CSV XLSX
Year % Change, pp
2015 4.86 −0.3 pp
2014 5.16 −0.59 pp
2013 5.75 −0.13 pp
2012 5.87 −0.04 pp
2011 5.91 −0.15 pp
2010 6.06 −1.76 pp
2009 7.82 −2.72 pp
2008 10.54 +0.11 pp
2007 10.43 +3.81 pp
2006 6.62 +0.06 pp
2005 6.56

About the indicator

The average rate banks pay on time deposits of residents. Set against inflation it shows whether savings keep their purchasing power: if the deposit rate is below inflation, the real return on deposits is negative.

Important: There are no aggregates for country groups: the correct weight is the volume of deposits, and we have no such series. Adding rates without weights is meaningless: the rate of a country with a tiny banking system would weigh as much as that of a large one.

Source: World Economic Outlook (IMF), license IMF open data.