Interest rate on bank deposits reached 4.78 % in 2016 in Iraq, according to the National Central Bank. This is 1.58 % less than in the previous year.
Historically, interest rate on bank deposits in Iraq reached an all time high of 10.5 % in 2008 and an all time low of % in. When compared to Iraq's main peers, interest rate on bank deposits in Iran amounted to 12.8 % and 1.62 % in Kuwait in 2016.
Iraq has been ranked 55th within the group of 144 countries we follow in terms of interest rate on bank deposits, 1 places behind the position seen 10 years ago.
The deposit interest rate is the rate paid by commercial or similar banks for deposits.