Iraq: Non-performing loans

The latest value from 2024 is 16.54 percent, an increase from 14.66 percent in 2023. In comparison, the world average is 4.54 percent, based on data from 126 countries. Historically, the average for Iraq from 2015 to 2024 is 15.98 percent. The minimum value, 9.02 percent, was reached in 2015 while the maximum of 20.97 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.

The percent non-performing loans in Iraq reflects the health of the banking system. A higher percent of such loans shows that banks have difficulty collecting interest and principal on their credits. That may lead to less profits for the banks in Iraq and, possibly, bank closures.