Current account balance as a proportion of GDP (%) in Iraq
Iraq: Current account balance as a proportion of GDP (%) was 3.0% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Iraq, 2005–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Iraq recorded 3.0% for current account balance as a proportion of gdp in 2024.
Compared with earlier readings it is down 71.6% on the previous year and down 56.9% over ten years.
Over the whole period, current account balance as a proportion of gdp in Iraq peaked at 21.6% in 2008 and was at its lowest, -6.7%, in 2005.
Iraq ranks 56th of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Iraq, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -6.7% | — |
| 2006 | 4.1% | -161.8% |
| 2007 | 17.5% | +324.4% |
| 2008 | 21.6% | +23.7% |
| 2009 | -1.0% | -104.7% |
| 2010 | 4.7% | -563.5% |
| 2011 | 14.1% | +200.3% |
| 2012 | 13.6% | -3.7% |
| 2013 | 6.9% | -49.4% |
| 2014 | 6.9% | +1.2% |
| 2015 | -1.7% | -123.9% |
| 2016 | 1.3% | -178.1% |
| 2017 | 8.0% | +514.7% |
| 2018 | 15.1% | +90.0% |
| 2019 | 6.7% | -55.4% |
| 2020 | -3.5% | -151.7% |
| 2021 | 11.7% | -436.1% |
| 2022 | 20.2% | +72.3% |
| 2023 | 10.6% | -47.7% |
| 2024 | 3.0% | -71.6% |
Iraq compared with similar countries
- Iraq's 3.0% is above the median for upper middle income countries, which is -2.1%. (53 countries reporting)
- Iraq's 3.0% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -0.2%. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | -6.7% | 21.6% | 5 |
| 2010s | 7.6% | -1.7% | 15.1% | 10 |
| 2020s | 8.4% | -3.5% | 20.2% | 5 |
Countries ranked near Iraq
More economy & growth data for Iraq
- Real gdp growth, annual growth rate -490.57 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 165.17 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 6.85 units per person (2025)
- SDRs holdings, SDR, annual growth rate 152.51 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Iraq?
- Current account balance as a proportion of gdp in Iraq was 3.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Iraq?
- The highest recorded value was 21.6% in 2008.
- What is the lowest current account balance as a proportion of gdp recorded in Iraq?
- The lowest recorded value was -6.7% in 2005.
- How does Iraq rank for current account balance as a proportion of gdp?
- Iraq ranks 56th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Iraq?
- Over the last ten years it is down 56.9%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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