External balance on goods and services (current US$) … US annual in Iraq
Iraq: External balance on goods and services (current US$) … US annual was -74.66 % change on previous year in 2024. ◆ Volatile
External balance on goods and services (current US$), annual growth in Iraq, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for external balance on goods and services (current us$), annual growth in Iraq is -74.66 % change on previous year, measured in 2024.
That represents a change of down 36.2% on the previous year and down 173.6% over ten years.
Over the whole period, external balance on goods and services (current us$), annual growth in Iraq peaked at 779.44 % change on previous year in 2021 and was at its lowest, -169.13 % change on previous year, in 1981.
That places Iraq 178th out of 192 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$) … US annual in Iraq, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 41.97 % change on previous year | — |
| 1972 | -20.44 % change on previous year | -148.7% |
| 1973 | 75.54 % change on previous year | -469.5% |
| 1974 | 204.29 % change on previous year | +170.5% |
| 1975 | -61.31 % change on previous year | -130.0% |
| 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 | 41.83 % change on previous year | -57.7% |
| 1981 | -169.13 % change on previous year | -504.3% |
| 1982 | -46.44 % change on previous year | -72.5% |
| 1983 | 80.08 % change on previous year | -272.4% |
| 1984 | 44.5 % change on previous year | -44.4% |
| 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 | -101.01 % change on previous year | -155.5% |
| 1992 | 15.16 % change on previous year | -115.0% |
| 1993 | 3.01 % change on previous year | -80.2% |
| 1994 | 72.04 % change on previous year | +2297.0% |
| 1995 | -16.34 % change on previous year | -122.7% |
| 1996 | 32.36 % change on previous year | -298.0% |
| 1998 | 8.75 % change on previous year | -73.0% |
| 1999 | 28.77 % change on previous year | +228.8% |
| 2000 | 101.64 % change on previous year | +253.3% |
| 2001 | -89.19 % change on previous year | -187.8% |
| 2002 | 416.62 % change on previous year | -567.1% |
| 2003 | -98.28 % change on previous year | -123.6% |
| 2005 | -25.2 % change on previous year | -74.4% |
| 2006 | 329.22 % change on previous year | -1406.5% |
| 2007 | 94.51 % change on previous year | -71.3% |
| 2008 | 64 % change on previous year | -32.3% |
| 2009 | -99.51 % change on previous year | -255.5% |
| 2011 | 318.76 % change on previous year | -420.3% |
| 2012 | 8.52 % change on previous year | -97.3% |
| 2013 | -16.76 % change on previous year | -296.6% |
| 2014 | -27.29 % change on previous year | +62.9% |
| 2015 | -104.62 % change on previous year | +283.4% |
| 2016 | 389 % change on previous year | -471.8% |
| 2017 | 455.02 % change on previous year | +17.0% |
| 2018 | 138.38 % change on previous year | -69.6% |
| 2019 | -53.74 % change on previous year | -138.8% |
| 2020 | -124.4 % change on previous year | +131.5% |
| 2021 | 779.44 % change on previous year | -726.6% |
| 2022 | 111.65 % change on previous year | -85.7% |
| 2023 | -54.81 % change on previous year | -149.1% |
| 2024 | -74.66 % change on previous year | +36.2% |
Iraq compared with similar countries
- Iraq's -74.66 % change on previous year is below the median for upper middle income countries, which is -6.15 % change on previous year, 12.1× the median. (52 countries reporting)
- Iraq's -74.66 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -18.48 % change on previous year, 4.0× the median. (23 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current US$) … US annual in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +2297.0% | 3.01 % change on previous year | 72.04 % change on previous year |
| 2006 | +1406.5% | -25.2 % change on previous year | 329.22 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 67.14 % change on previous year | -61.31 % change on previous year | 204.29 % change on previous year | 9 |
| 1980s | -6.15 % change on previous year | -169.13 % change on previous year | 80.08 % change on previous year | 10 |
| 1990s | 24.95 % change on previous year | -101.01 % change on previous year | 181.86 % change on previous year | 9 |
| 2000s | 77.09 % change on previous year | -99.51 % change on previous year | 416.62 % change on previous year | 9 |
| 2010s | 123.03 % change on previous year | -104.62 % change on previous year | 455.02 % change on previous year | 9 |
| 2020s | 127.44 % change on previous year | -124.4 % change on previous year | 779.44 % change on previous year | 5 |
Countries ranked near Iraq
- 175 Congo -63.31 % change on previous year compare
- 176 Argentina -68.91 % change on previous year compare
- 177 Australia -71.33 % change on previous year compare
- 179 Sao Tome and Principe -81.22 % change on previous year compare
- 180 Turkmenistan -86.38 % change on previous year compare
- 181 United Kingdom -88.28 % change on previous year compare
More economy & growth data for Iraq
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.44 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.56 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 165.17 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 6.85 units per person (2025)
- SDRs holdings, SDR, annual growth rate 152.51 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0074 units per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services (current us$), annual growth in Iraq?
- External balance on goods and services (current us$), annual growth in Iraq was -74.66 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external balance on goods and services (current us$), annual growth recorded in Iraq?
- The highest recorded value was 779.44 % change on previous year in 2021.
- What is the lowest external balance on goods and services (current us$), annual growth recorded in Iraq?
- The lowest recorded value was -169.13 % change on previous year in 1981.
- How does Iraq rank for external balance on goods and services (current us$), annual growth?
- Iraq ranks 178th out of 192 countries with data for 2024.
- Is external balance on goods and services (current us$), annual growth rising or falling in Iraq?
- Over the last ten years it is down 173.6%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.