Changes in inventories in Iraq
Iraq: Changes in inventories was 17.38 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
17.38 trillion current LCU
Change on year
down 37.2%
World rank
5th
of 186 countries
All-time high
60.95 trillion current LCU
in 2022
All-time low
-11.01 trillion current LCU
in 2015
Years of data
55
1970–2024
Changes in inventories in Iraq, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Iraq recorded 17.38 trillion current LCU for changes in inventories in 2024.
That represents a change of down 37.2% on the previous year and up 337.3% over ten years.
Over the whole period, changes in inventories in Iraq peaked at 60.95 trillion current LCU in 2022 and was at its lowest, -11.01 trillion current LCU, in 2015.
Iraq ranks 5th of 186 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Changes in inventories in Iraq, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 17.70 million current LCU | — |
| 1971 | 14.70 million current LCU | -16.9% |
| 1972 | 56.20 million current LCU | +282.3% |
| 1973 | 70.30 million current LCU | +25.1% |
| 1974 | 320.30 million current LCU | +355.6% |
| 1975 | 357.20 million current LCU | +11.5% |
| 1976 | -37.60 million current LCU | -110.5% |
| 1977 | 16.70 million current LCU | -144.4% |
| 1978 | -537.40 million current LCU | -3318.0% |
| 1979 | 564.30 million current LCU | -205.0% |
| 1980 | 1.05 billion current LCU | +86.7% |
| 1981 | 1.31 billion current LCU | +24.7% |
| 1982 | 833.60 million current LCU | -36.5% |
| 1983 | -3.53 billion current LCU | -523.7% |
| 1984 | -1.73 billion current LCU | -50.9% |
| 1985 | -636.50 million current LCU | -63.3% |
| 1986 | -990.90 million current LCU | +55.7% |
| 1987 | -124.10 million current LCU | -87.5% |
| 1988 | -118.30 million current LCU | -4.7% |
| 1989 | -7.07 billion current LCU | +5876.2% |
| 1990 | 18.57 billion current LCU | -362.6% |
| 1991 | -7.55 billion current LCU | -140.7% |
| 1992 | 30.86 billion current LCU | -508.6% |
| 1993 | 166.87 billion current LCU | +440.7% |
| 1994 | 918.00 billion current LCU | +450.1% |
| 1995 | 3.33 trillion current LCU | +262.6% |
| 1996 | 3.72 trillion current LCU | +11.9% |
| 1997 | 381.61 billion current LCU | -89.8% |
| 1998 | 853.90 billion current LCU | +123.8% |
| 1999 | 12.48 trillion current LCU | +1361.2% |
| 2000 | 13.17 trillion current LCU | +5.6% |
| 2001 | 15.41 trillion current LCU | +17.0% |
| 2002 | 5.28 trillion current LCU | -65.7% |
| 2003 | 0 current LCU | -100.0% |
| 2004 | 6.15 trillion current LCU | — |
| 2005 | 6.11 trillion current LCU | -0.6% |
| 2006 | 1.17 trillion current LCU | -80.8% |
| 2007 | 2.88 trillion current LCU | +145.9% |
| 2008 | 602.46 billion current LCU | -79.1% |
| 2009 | 1.29 trillion current LCU | +113.6% |
| 2010 | -536.59 billion current LCU | -141.7% |
| 2011 | -832.33 billion current LCU | +55.1% |
| 2012 | -3.96 trillion current LCU | +375.3% |
| 2013 | 413.33 billion current LCU | -110.4% |
| 2014 | -7.32 trillion current LCU | -1871.5% |
| 2015 | -11.01 trillion current LCU | +50.4% |
| 2016 | 6.50 trillion current LCU | -159.0% |
| 2017 | 7.24 trillion current LCU | +11.4% |
| 2018 | 9.18 trillion current LCU | +26.8% |
| 2019 | 8.22 trillion current LCU | -10.5% |
| 2020 | 31.44 trillion current LCU | +282.5% |
| 2021 | 34.38 trillion current LCU | +9.3% |
| 2022 | 60.95 trillion current LCU | +77.3% |
| 2023 | 27.67 trillion current LCU | -54.6% |
| 2024 | 17.38 trillion current LCU | -37.2% |
Iraq compared with similar countries
- Iraq's 17.38 trillion current LCU is above the median for upper middle income countries, which is 1.31 billion current LCU, 13314.1× the median. (55 countries reporting)
- Iraq's 17.38 trillion current LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 337.80 million current LCU, 51442.6× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Changes in inventories in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | -5876.2% | -118.30 million current LCU | -7.07 billion current LCU |
| 1978 | -3318.0% | 16.70 million current LCU | -537.40 million current LCU |
| 2014 | -1871.5% | 413.33 billion current LCU | -7.32 trillion current LCU |
| 1999 | +1361.2% | 853.90 billion current LCU | 12.48 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 84.24 million current LCU | -537.40 million current LCU | 564.30 million current LCU | 10 |
| 1980s | -1.10 billion current LCU | -7.07 billion current LCU | 1.31 billion current LCU | 10 |
| 1990s | 2.19 trillion current LCU | -7.55 billion current LCU | 12.48 trillion current LCU | 10 |
| 2000s | 5.21 trillion current LCU | 0 current LCU | 15.41 trillion current LCU | 10 |
| 2010s | 789.92 billion current LCU | -11.01 trillion current LCU | 9.18 trillion current LCU | 10 |
| 2020s | 34.36 trillion current LCU | 17.38 trillion current LCU | 60.95 trillion current LCU | 5 |
Countries ranked near Iraq
More economy & growth data for Iraq
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.44 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.56 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 438.70 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0016 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 9.53 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.65 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -42.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0274 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -166.13 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is changes in inventories in Iraq?
- Changes in inventories in Iraq was 17.38 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest changes in inventories recorded in Iraq?
- The highest recorded value was 60.95 trillion current LCU in 2022.
- What is the lowest changes in inventories recorded in Iraq?
- The lowest recorded value was -11.01 trillion current LCU in 2015.
- How does Iraq rank for changes in inventories?
- Iraq ranks 5th out of 186 countries with data for 2024.
- Is changes in inventories rising or falling in Iraq?
- Over the last ten years it is up 337.3%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Changes in inventories (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.