External balance on goods and services (current LCU), annual growth in Iraq
Iraq: External balance on goods and services (current LCU), annual growth was -74.96 % change on previous year in 2024. ◆ Volatile
External balance on goods and services (current LCU), annual growth in Iraq, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for external balance on goods and services (current lcu), annual growth in Iraq is -74.96 % change on previous year, measured in 2024.
Compared with earlier readings it is down 27.1% on the previous year and down 174.7% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Iraq peaked at 926.39 % change on previous year in 2021 and was at its lowest, -439.81 % change on previous year, in 1991.
Iraq ranks 174th of 192 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Iraq, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 40.52 % change on previous year | — |
| 1972 | -25.08 % change on previous year | -161.9% |
| 1973 | 59.72 % change on previous year | -338.1% |
| 1974 | 196.66 % change on previous year | +229.3% |
| 1975 | -61.31 % change on previous year | -131.2% |
| 1976 | 190.17 % change on previous year | -410.2% |
| 1977 | -19.99 % change on previous year | -110.5% |
| 1978 | 95.12 % change on previous year | -575.8% |
| 1979 | 98.95 % change on previous year | +4.0% |
| 1980 | 44.09 % change on previous year | -55.4% |
| 1981 | -169.13 % change on previous year | -483.6% |
| 1982 | -46.44 % change on previous year | -72.5% |
| 1983 | 79.42 % change on previous year | -271.0% |
| 1984 | 44.5 % change on previous year | -44.0% |
| 1985 | -20.48 % change on previous year | -146.0% |
| 1986 | -107.59 % change on previous year | +425.4% |
| 1987 | 64.88 % change on previous year | -160.3% |
| 1988 | -18.76 % change on previous year | -128.9% |
| 1989 | 69.58 % change on previous year | -471.0% |
| 1990 | 181.86 % change on previous year | +161.4% |
| 1991 | -439.81 % change on previous year | -341.8% |
| 1992 | -69.44 % change on previous year | -84.2% |
| 1993 | -45.42 % change on previous year | -34.6% |
| 1994 | 62.73 % change on previous year | -238.1% |
| 1995 | -45.4 % change on previous year | -172.4% |
| 1996 | 18.83 % change on previous year | -141.5% |
| 1998 | 24.28 % change on previous year | +28.9% |
| 1999 | 44.86 % change on previous year | +84.8% |
| 2000 | 124.03 % change on previous year | +176.5% |
| 2001 | -88.11 % change on previous year | -171.0% |
| 2002 | 463.57 % change on previous year | -626.1% |
| 2003 | -98.14 % change on previous year | -121.2% |
| 2005 | -26.54 % change on previous year | -73.0% |
| 2006 | 328.99 % change on previous year | -1339.6% |
| 2007 | 66.32 % change on previous year | -79.8% |
| 2008 | 55.96 % change on previous year | -15.6% |
| 2009 | -99.52 % change on previous year | -277.8% |
| 2011 | 318.76 % change on previous year | -420.3% |
| 2012 | 8.16 % change on previous year | -97.4% |
| 2013 | -16.77 % change on previous year | -305.4% |
| 2014 | -27.29 % change on previous year | +62.8% |
| 2015 | -104.63 % change on previous year | +283.4% |
| 2016 | 392.38 % change on previous year | -475.0% |
| 2017 | 456.43 % change on previous year | +16.3% |
| 2018 | 138.13 % change on previous year | -69.7% |
| 2019 | -53.77 % change on previous year | -138.9% |
| 2020 | -124.61 % change on previous year | +131.7% |
| 2021 | 926.39 % change on previous year | -843.4% |
| 2022 | 111.65 % change on previous year | -87.9% |
| 2023 | -58.99 % change on previous year | -152.8% |
| 2024 | -74.96 % change on previous year | +27.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 63.86 % change on previous year | -61.31 % change on previous year | 196.66 % change on previous year | 9 |
| 1980s | -5.99 % change on previous year | -169.13 % change on previous year | 79.42 % change on previous year | 10 |
| 1990s | -29.72 % change on previous year | -439.81 % change on previous year | 181.86 % change on previous year | 9 |
| 2000s | 80.73 % change on previous year | -99.52 % change on previous year | 463.57 % change on previous year | 9 |
| 2010s | 123.49 % change on previous year | -104.63 % change on previous year | 456.43 % change on previous year | 9 |
| 2020s | 155.89 % change on previous year | -124.61 % change on previous year | 926.39 % change on previous year | 5 |
Countries ranked near Iraq
- 171 Gambia -69.99 % change on previous year compare
- 172 Australia -70.96 % change on previous year compare
- 173 Sao Tome and Principe -72.3 % change on previous year compare
- 175 Cuba -78.36 % change on previous year compare
- 176 United Kingdom of Great Britain and Northern Ireland -82.76 % change on previous year compare
- 177 Turkmenistan -86.37 % change on previous year 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 24.81 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3533 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 2,146 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -74.66 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -8.53 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 44.38 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 240,070 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -16.78 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Iraq?
- External balance on goods and services (current lcu), annual growth in Iraq was -74.96 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Iraq?
- The highest recorded value was 926.39 % change on previous year in 2021.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Iraq?
- The lowest recorded value was -439.81 % change on previous year in 1991.
- How does Iraq rank for external balance on goods and services (current lcu), annual growth?
- Iraq ranks 174th out of 192 countries with data for 2024.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Iraq?
- Over the last ten years it is down 174.7%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.