Current account balance in Iraq
Iraq: Current account balance was 8.37 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Iraq, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, current account balance in Iraq stood at 8.37 billion BoP, current US$.
Compared with earlier readings it is down 70.5% on the previous year and down 47.2% over ten years.
Over the whole period, current account balance in Iraq peaked at 58.01 billion BoP, current US$ in 2022 and was at its lowest, -6.31 billion BoP, current US$, in 2020.
That places Iraq 27th out of 198 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.44 billion BoP, current US$ | -3.34 billion BoP, current US$ | 28.44 billion BoP, current US$ | 5 |
| 2010s | 15.85 billion BoP, current US$ | -2.76 billion BoP, current US$ | 34.37 billion BoP, current US$ | 10 |
| 2020s | 22.60 billion BoP, current US$ | -6.31 billion BoP, current US$ | 58.01 billion BoP, current US$ | 5 |
Countries ranked near Iraq
More economy & growth data for Iraq
- External balance on goods and services as a percent of GDP 2.4% (2024)
- Inflation of consumer prices 0.3% (2025)
- GDP per capita 4,005 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.0% (2025)
- Gross domestic product (GDP) 188.32 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,005 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,300 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 464.62 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 357.40 million current US$ (2024)
- Net primary income (Net income from abroad) 1.73 trillion current LCU (2024)
Frequently asked questions
- What is current account balance in Iraq?
- Current account balance in Iraq was 8.37 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Iraq?
- The highest recorded value was 58.01 billion BoP, current US$ in 2022.
- What is the lowest current account balance recorded in Iraq?
- The lowest recorded value was -6.31 billion BoP, current US$ in 2020.
- How does Iraq rank for current account balance?
- Iraq ranks 27th out of 198 countries with data for 2024.
- Is current account balance rising or falling in Iraq?
- Over the last ten years it is down 47.2%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.