Lending interest rate | Iraq

The average lending rate in Iraq in 2016 was 12.36%. In 2015, the value was amounted to  12.29%. This is the first year of growth after a decline. Since 2002, for the whole period of statistics, this indicator has decreased in 1.21 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in Iraq was recorded in 2015, with a value of 12.29%. The highest value was in end-2008, when it reached 19.22%.