Final consumption expenditure in Iraq
Iraq: Final consumption expenditure was 176.68 billion constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Iraq, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Iraq recorded 176.68 billion constant 2015 US$ for final consumption expenditure in 2024. That is the highest value across all 18 years on record.
That represents a change of up 15.3% on the previous year and up 29.6% over ten years.
Over the whole period, final consumption expenditure in Iraq peaked at 176.68 billion constant 2015 US$ in 2024 and was at its lowest, 79.39 billion constant 2015 US$, in 2007.
Iraq ranks 50th of 172 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Final consumption expenditure in Iraq, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2007 | 79.39 billion constant 2015 US$ | — |
| 2008 | 83.09 billion constant 2015 US$ | +4.7% |
| 2009 | 97.53 billion constant 2015 US$ | +17.4% |
| 2010 | 102.16 billion constant 2015 US$ | +4.7% |
| 2011 | 112.11 billion constant 2015 US$ | +9.7% |
| 2012 | 127.39 billion constant 2015 US$ | +13.6% |
| 2013 | 133.74 billion constant 2015 US$ | +5.0% |
| 2014 | 136.36 billion constant 2015 US$ | +2.0% |
| 2015 | 123.99 billion constant 2015 US$ | -9.1% |
| 2016 | 126.32 billion constant 2015 US$ | +1.9% |
| 2017 | 127.85 billion constant 2015 US$ | +1.2% |
| 2018 | 135.49 billion constant 2015 US$ | +6.0% |
| 2019 | 146.16 billion constant 2015 US$ | +7.9% |
| 2020 | 136.30 billion constant 2015 US$ | -6.7% |
| 2021 | 140.65 billion constant 2015 US$ | +3.2% |
| 2022 | 143.87 billion constant 2015 US$ | +2.3% |
| 2023 | 153.18 billion constant 2015 US$ | +6.5% |
| 2024 | 176.68 billion constant 2015 US$ | +15.3% |
Iraq compared with similar countries
- Iraq's 176.68 billion constant 2015 US$ is above the median for upper middle income countries, which is 52.86 billion constant 2015 US$, 3.3× the median. (47 countries reporting)
- Iraq's 176.68 billion constant 2015 US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 68.85 billion constant 2015 US$, 2.6× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 86.67 billion constant 2015 US$ | 79.39 billion constant 2015 US$ | 97.53 billion constant 2015 US$ | 3 |
| 2010s | 127.15 billion constant 2015 US$ | 102.16 billion constant 2015 US$ | 146.16 billion constant 2015 US$ | 10 |
| 2020s | 150.14 billion constant 2015 US$ | 136.30 billion constant 2015 US$ | 176.68 billion constant 2015 US$ | 5 |
Countries ranked near Iraq
- 47 Ireland 197.38 billion constant 2015 US$ compare
- 48 Peru 193.52 billion constant 2015 US$ compare
- 49 New Zealand 177.97 billion constant 2015 US$ compare
- 51 Kazakhstan 167.73 billion constant 2015 US$ compare
- 52 Czechia 151.59 billion constant 2015 US$ compare
- 53 Uzbekistan 150.21 billion constant 2015 US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 438.70 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0016 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 9.53 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.65 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -42.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0274 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -166.13 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Iraq?
- Final consumption expenditure in Iraq was 176.68 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Iraq?
- The highest recorded value was 176.68 billion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in Iraq?
- The lowest recorded value was 79.39 billion constant 2015 US$ in 2007.
- How does Iraq rank for final consumption expenditure?
- Iraq ranks 50th out of 172 countries with data for 2024.
- Is final consumption expenditure rising or falling in Iraq?
- Over the last ten years it is up 29.6%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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 is 2015. This indicator is expressed in United States dollars.