Final consumption expenditure (constant LCU) in Iraq
Iraq: Final consumption expenditure (constant LCU) was 142.06 trillion constant LCU in 2024. ▲ Rising
Final consumption expenditure in Iraq, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iraq recorded 142.06 trillion constant LCU for final consumption expenditure in 2024. That is the highest value across all 18 years on record.
Compared with earlier readings it is 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 142.06 trillion constant LCU in 2024 and was at its lowest, 63.83 trillion constant LCU, in 2007.
Iraq ranks 12th of 177 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Final consumption expenditure (constant LCU) in Iraq, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2007 | 63.83 trillion constant LCU | — |
| 2008 | 66.81 trillion constant LCU | +4.7% |
| 2009 | 78.42 trillion constant LCU | +17.4% |
| 2010 | 82.14 trillion constant LCU | +4.7% |
| 2011 | 90.15 trillion constant LCU | +9.7% |
| 2012 | 102.43 trillion constant LCU | +13.6% |
| 2013 | 107.53 trillion constant LCU | +5.0% |
| 2014 | 109.64 trillion constant LCU | +2.0% |
| 2015 | 99.69 trillion constant LCU | -9.1% |
| 2016 | 101.57 trillion constant LCU | +1.9% |
| 2017 | 102.80 trillion constant LCU | +1.2% |
| 2018 | 108.94 trillion constant LCU | +6.0% |
| 2019 | 117.52 trillion constant LCU | +7.9% |
| 2020 | 109.59 trillion constant LCU | -6.7% |
| 2021 | 113.09 trillion constant LCU | +3.2% |
| 2022 | 115.68 trillion constant LCU | +2.3% |
| 2023 | 123.17 trillion constant LCU | +6.5% |
| 2024 | 142.06 trillion constant LCU | +15.3% |
Iraq compared with similar countries
- Iraq's 142.06 trillion constant LCU is above the median for upper middle income countries, which is 1.54 trillion constant LCU, 92.5× the median. (48 countries reporting)
- Iraq's 142.06 trillion constant LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 864.26 billion constant LCU, 164.4× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 69.69 trillion constant LCU | 63.83 trillion constant LCU | 78.42 trillion constant LCU | 3 |
| 2010s | 102.24 trillion constant LCU | 82.14 trillion constant LCU | 117.52 trillion constant LCU | 10 |
| 2020s | 120.72 trillion constant LCU | 109.59 trillion constant LCU | 142.06 trillion constant LCU | 5 |
Countries ranked near Iraq
More economy & growth data for Iraq
- Real gdp growth, annual growth rate -490.57 % change on previous year (2025)
- 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)
Frequently asked questions
- What is final consumption expenditure in Iraq?
- Final consumption expenditure in Iraq was 142.06 trillion constant LCU 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 142.06 trillion constant LCU in 2024.
- What is the lowest final consumption expenditure recorded in Iraq?
- The lowest recorded value was 63.83 trillion constant LCU in 2007.
- How does Iraq rank for final consumption expenditure?
- Iraq ranks 12th out of 177 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 LCU). 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 varies by country. This series is expressed in local currency units.