Current account balance as a share of GDP in Iraq
Iraq: Current account balance as a share of GDP was 3.0% in 2024. ◆ Volatile
Current account balance as a share of GDP in Iraq, 2005–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Iraq is 3.0%, measured in 2024.
The figure is down 71.7% on the previous year and down 56.9% over ten years.
Over the whole period, current account balance as a share of gdp in Iraq peaked at 21.6% in 2008 and was at its lowest, -6.7%, in 2005.
That places Iraq 53rd out of 193 countries with data for 2024, putting it 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 share of GDP in Iraq, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -6.7% | — |
| 2006 | 4.1% | -161.9% |
| 2007 | 17.5% | +324.0% |
| 2008 | 21.6% | +23.7% |
| 2009 | -1.0% | -104.7% |
| 2010 | 4.7% | -563.4% |
| 2011 | 14.1% | +200.6% |
| 2012 | 13.6% | -3.7% |
| 2013 | 6.9% | -49.4% |
| 2014 | 6.9% | +1.2% |
| 2015 | -1.7% | -123.9% |
| 2016 | 1.3% | -177.7% |
| 2017 | 8.0% | +516.3% |
| 2018 | 15.1% | +90.2% |
| 2019 | 6.8% | -55.4% |
| 2020 | -3.5% | -151.7% |
| 2021 | 11.7% | -435.5% |
| 2022 | 20.2% | +72.4% |
| 2023 | 10.6% | -47.7% |
| 2024 | 3.0% | -71.7% |
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
- 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)
- Services, value added (constant LCU), per capita 1.69 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate -7.03 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth -9.04 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 5,410 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth -9.04 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,300 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 7.03 million current LCU per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Iraq?
- Current account balance as a share of gdp in Iraq was 3.0% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Iraq?
- The highest recorded value was 21.6% in 2008.
- What is the lowest current account balance as a share of gdp recorded in Iraq?
- The lowest recorded value was -6.7% in 2005.
- How does Iraq rank for current account balance as a share of gdp?
- Iraq ranks 53rd out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).