Iraq: Lending interest rate

The latest value from 2015 is 12.29 percent, a decline from 12.6 percent in 2014. In comparison, the world average is 11.29 percent, based on data from 131 countries. Historically, the average for Iraq from 2004 to 2015 is 14.67 percent. The minimum value, 12.29 percent, was reached in 2015 while the maximum of 19.22 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.

The lending interest rate in Iraq shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.