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 55th of 204 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% |
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
- 53 Spain 3.2% compare
- 54 Jamaica 3.1% compare
- 56 Russian Federation 2.9% compare
- 56 Russian Federation 2.9% compare
- 58 Guatemala 2.9% compare
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)
- Gross capital formation (current US$), annual growth rate -1.91 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.1914 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 1,162 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -3.09 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 248.77 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 1.51 million current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate -40.48 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.052 constant 2015 US$ per US$ of GDP (2024)
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 55th out of 204 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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