Iraq vs Spain: Current account balance as a share of GDP

Iraq
3.0%
in 2024
Spain
3.2%
in 2024
Iraq rank
53rd
Spain rank
51st

Current account balance as a share of GDP over time

  • Iraq
  • Spain
-1001020200020122024

How they compare

Spain currently reports 3.2% against 3.0% in Iraq, a difference of 0.2%.

That makes Spain's figure about 1.1 times Iraq's.

The two have swapped places 5 times across 20 shared years of data; in 2005 it was Iraq ahead.

Iraq ranks 53rd and Spain ranks 51st of 193 countries.

Iraq has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Iraq Spain Difference Ahead
2000s 7.1% -7.6% 14.7% Iraq
2010s 7.6% 1.0% 6.6% Iraq
2020s 8.4% 1.6% 6.8% Iraq

Averages of every year both report within each decade.

Frequently asked questions

Which has higher current account balance as a share of gdp, Iraq or Spain?
Spain, at 3.2% against 3.0% in Iraq as of 2024.
What is the difference in current account balance as a share of gdp between Iraq and Spain?
0.2%, with Spain ahead.
How many years of comparable data are there for Iraq and Spain?
20 years are reported by both, from 2005 to 2024.
How do Iraq and Spain rank globally for current account balance as a share of gdp?
Iraq ranks 53rd and Spain ranks 51st of 193 countries.
Where does this data come from?
International Monetary Fund – processed by Our World in Data, published as Current account balance as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iraq vs Spain: Current account balance as a share of GDP. Statizoid, drawing on International Monetary Fund – processed by Our World in Data. Retrieved 04 September 2026, from https://economy.statizoid.com/compare/current-account-balance-as-a-proportion-of-gdp/iraq/spain/

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About this data

Indicator
Current account balance as a share of GDP
Unit
%
Source
International Monetary Fund – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
193 places, 4,374 data points, 2000–2024
Last refreshed

Current account balance as a proportion of GDP (%).