External balance on goods and services in Iraq
Iraq: External balance on goods and services was 31.09 trillion constant LCU in 2024. ◆ Volatile
External balance on goods and services in Iraq, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iraq recorded 31.09 trillion constant LCU for external balance on goods and services in 2024.
The figure is down 24.5% on the previous year and up 40.5% over ten years.
Over the whole period, external balance on goods and services in Iraq peaked at 70.17 trillion constant LCU in 2016 and was at its lowest, 12.02 trillion constant LCU, in 2011.
Iraq ranks 5th of 161 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Iraq, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2007 | 19.74 trillion constant LCU | — |
| 2008 | 14.14 trillion constant LCU | -28.3% |
| 2009 | 17.11 trillion constant LCU | +21.0% |
| 2010 | 12.03 trillion constant LCU | -29.7% |
| 2011 | 12.02 trillion constant LCU | -0.1% |
| 2012 | 16.55 trillion constant LCU | +37.7% |
| 2013 | 15.43 trillion constant LCU | -6.8% |
| 2014 | 22.14 trillion constant LCU | +43.5% |
| 2015 | 59.43 trillion constant LCU | +168.5% |
| 2016 | 70.17 trillion constant LCU | +18.1% |
| 2017 | 64.80 trillion constant LCU | -7.7% |
| 2018 | 64.20 trillion constant LCU | -0.9% |
| 2019 | 54.70 trillion constant LCU | -14.8% |
| 2020 | 58.51 trillion constant LCU | +7.0% |
| 2021 | 38.13 trillion constant LCU | -34.8% |
| 2022 | 29.46 trillion constant LCU | -22.7% |
| 2023 | 41.17 trillion constant LCU | +39.8% |
| 2024 | 31.09 trillion constant LCU | -24.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.00 trillion constant LCU | 14.14 trillion constant LCU | 19.74 trillion constant LCU | 3 |
| 2010s | 39.15 trillion constant LCU | 12.02 trillion constant LCU | 70.17 trillion constant LCU | 10 |
| 2020s | 39.67 trillion constant LCU | 29.46 trillion constant LCU | 58.51 trillion constant LCU | 5 |
Countries ranked near Iraq
- 2 Indonesia 616.22 trillion constant LCU compare
- 3 Republic of Korea 143.51 trillion constant LCU compare
- 4 Viet Nam 54.24 trillion constant LCU compare
- 6 Japan 5.75 trillion constant LCU compare
- 7 Congo, Democratic Republic of the 5.24 trillion constant LCU compare
- 8 Hungary 2.83 trillion constant LCU 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)
- Net primary income (Net income from abroad) (current LCU), annual 35.11 % change on previous year (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0006 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,780 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,300 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0008 (2025)
- Gdp worldbank constant usd, annual growth rate -2.16 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7403 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 4,005 units per person (2025)
Frequently asked questions
- What is external balance on goods and services in Iraq?
- External balance on goods and services in Iraq was 31.09 trillion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Iraq?
- The highest recorded value was 70.17 trillion constant LCU in 2016.
- What is the lowest external balance on goods and services recorded in Iraq?
- The lowest recorded value was 12.02 trillion constant LCU in 2011.
- How does Iraq rank for external balance on goods and services?
- Iraq ranks 5th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Iraq?
- Over the last ten years it is up 40.5%. 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 Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.