Final consumption expenditure (constant LCU), annual growth rate in Iraq
Iraq: Final consumption expenditure (constant LCU), annual growth rate was 15.34 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (constant LCU), annual growth rate in Iraq, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, final consumption expenditure (constant lcu), annual growth rate in Iraq stood at 15.34 % change on previous year.
The figure is up 137.1% on the previous year and up 682.0% over ten years.
Over the whole period, final consumption expenditure (constant lcu), annual growth rate in Iraq peaked at 17.38 % change on previous year in 2009 and was at its lowest, -9.07 % change on previous year, in 2015.
That places Iraq 3rd out of 176 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (constant LCU), annual growth rate in Iraq, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2008 | 4.66 % change on previous year | — |
| 2009 | 17.38 % change on previous year | +273.0% |
| 2010 | 4.74 % change on previous year | -72.7% |
| 2011 | 9.75 % change on previous year | +105.5% |
| 2012 | 13.63 % change on previous year | +39.8% |
| 2013 | 4.98 % change on previous year | -63.4% |
| 2014 | 1.96 % change on previous year | -60.6% |
| 2015 | -9.07 % change on previous year | -562.3% |
| 2016 | 1.88 % change on previous year | -120.7% |
| 2017 | 1.21 % change on previous year | -35.5% |
| 2018 | 5.97 % change on previous year | +392.9% |
| 2019 | 7.88 % change on previous year | +31.8% |
| 2020 | -6.74 % change on previous year | -185.6% |
| 2021 | 3.19 % change on previous year | -147.4% |
| 2022 | 2.28 % change on previous year | -28.5% |
| 2023 | 6.47 % change on previous year | +183.4% |
| 2024 | 15.34 % change on previous year | +137.1% |
Iraq compared with similar countries
- Iraq's 15.34 % change on previous year is above the median for upper middle income countries, which is 3.98 % change on previous year, 3.9× the median. (48 countries reporting)
- Iraq's 15.34 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.21 % change on previous year, 4.8× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.02 % change on previous year | 4.66 % change on previous year | 17.38 % change on previous year | 2 |
| 2010s | 4.29 % change on previous year | -9.07 % change on previous year | 13.63 % change on previous year | 10 |
| 2020s | 4.11 % change on previous year | -6.74 % change on previous year | 15.34 % change on previous year | 5 |
Countries ranked near Iraq
- 1 Eritrea 393.57 % change on previous year
- 2 Kyrgyzstan 20.8 % change on previous year compare
- 4 Tajikistan 14.97 % change on previous year compare
- 5 United Arab Emirates 11.68 % change on previous year compare
- 6 Libya 11.48 % 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)
- 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 (constant lcu), annual growth rate in Iraq?
- Final consumption expenditure (constant lcu), annual growth rate in Iraq was 15.34 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant lcu), annual growth rate recorded in Iraq?
- The highest recorded value was 17.38 % change on previous year in 2009.
- What is the lowest final consumption expenditure (constant lcu), annual growth rate recorded in Iraq?
- The lowest recorded value was -9.07 % change on previous year in 2015.
- How does Iraq rank for final consumption expenditure (constant lcu), annual growth rate?
- Iraq ranks 3rd out of 176 countries with data for 2024.
- Is final consumption expenditure (constant lcu), annual growth rate rising or falling in Iraq?
- Over the last ten years it is up 682.0%. 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 Final consumption expenditure (constant 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 Final consumption expenditure (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure 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 Final consumption expenditure (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.