Final consumption expenditure (current LCU) in Iraq
Iraq: Final consumption expenditure (current LCU) was 249.35 trillion current LCU in 2024. ◆ Volatile
Final consumption expenditure in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Iraq recorded 249.35 trillion current LCU for final consumption expenditure in 2024. That is the highest value across all 55 years on record.
The figure is up 18.3% on the previous year and up 55.9% over ten years.
Over the whole period, final consumption expenditure in Iraq peaked at 249.35 trillion current LCU in 2024 and was at its lowest, 853.40 million current LCU, in 1970.
That places Iraq 12th out of 188 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 (current LCU) in Iraq, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 853.40 million current LCU | — |
| 1971 | 964.80 million current LCU | +13.1% |
| 1972 | 970.90 million current LCU | +0.6% |
| 1973 | 935.10 million current LCU | -3.7% |
| 1974 | 1.48 billion current LCU | +58.3% |
| 1975 | 2.28 billion current LCU | +54.2% |
| 1976 | 2.94 billion current LCU | +28.8% |
| 1977 | 3.65 billion current LCU | +24.0% |
| 1978 | 4.01 billion current LCU | +10.0% |
| 1979 | 4.62 billion current LCU | +15.1% |
| 1980 | 6.05 billion current LCU | +31.1% |
| 1981 | 7.60 billion current LCU | +25.6% |
| 1982 | 10.50 billion current LCU | +38.2% |
| 1983 | 12.32 billion current LCU | +17.3% |
| 1984 | 12.80 billion current LCU | +3.9% |
| 1985 | 12.53 billion current LCU | -2.1% |
| 1986 | 13.65 billion current LCU | +8.9% |
| 1987 | 14.88 billion current LCU | +9.0% |
| 1988 | 16.36 billion current LCU | +10.0% |
| 1989 | 21.97 billion current LCU | +34.3% |
| 1990 | 31.44 billion current LCU | +43.1% |
| 1991 | 47.06 billion current LCU | +49.7% |
| 1992 | 72.03 billion current LCU | +53.1% |
| 1993 | 116.01 billion current LCU | +61.1% |
| 1994 | 606.49 billion current LCU | +422.8% |
| 1995 | 2.94 trillion current LCU | +384.8% |
| 1996 | 2.55 trillion current LCU | -13.2% |
| 1997 | 5.92 trillion current LCU | +132.0% |
| 1998 | 8.47 trillion current LCU | +43.0% |
| 1999 | 10.18 trillion current LCU | +20.1% |
| 2000 | 12.74 trillion current LCU | +25.2% |
| 2001 | 14.61 trillion current LCU | +14.7% |
| 2002 | 17.88 trillion current LCU | +22.3% |
| 2003 | 17.25 trillion current LCU | -3.5% |
| 2004 | 33.15 trillion current LCU | +92.2% |
| 2005 | 42.28 trillion current LCU | +27.5% |
| 2006 | 50.51 trillion current LCU | +19.5% |
| 2007 | 63.83 trillion current LCU | +26.4% |
| 2008 | 75.23 trillion current LCU | +17.9% |
| 2009 | 95.77 trillion current LCU | +27.3% |
| 2010 | 102.69 trillion current LCU | +7.2% |
| 2011 | 119.02 trillion current LCU | +15.9% |
| 2012 | 143.46 trillion current LCU | +20.5% |
| 2013 | 153.45 trillion current LCU | +7.0% |
| 2014 | 159.98 trillion current LCU | +4.3% |
| 2015 | 144.74 trillion current LCU | -9.5% |
| 2016 | 148.13 trillion current LCU | +2.3% |
| 2017 | 150.20 trillion current LCU | +1.4% |
| 2018 | 159.78 trillion current LCU | +6.4% |
| 2019 | 172.00 trillion current LCU | +7.6% |
| 2020 | 161.32 trillion current LCU | -6.2% |
| 2021 | 176.53 trillion current LCU | +9.4% |
| 2022 | 189.57 trillion current LCU | +7.4% |
| 2023 | 210.75 trillion current LCU | +11.2% |
| 2024 | 249.35 trillion current LCU | +18.3% |
Iraq compared with similar countries
- Iraq's 249.35 trillion current LCU is above the median for upper middle income countries, which is 1.38 trillion current LCU, 181.2× the median. (52 countries reporting)
- Iraq's 249.35 trillion current LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.32 trillion current LCU, 189.2× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure (current LCU) 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 | +422.8% | 116.01 billion current LCU | 606.49 billion current LCU |
| 1995 | +384.8% | 606.49 billion current LCU | 2.94 trillion current LCU |
| 1997 | +132.0% | 2.55 trillion current LCU | 5.92 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.27 billion current LCU | 853.40 million current LCU | 4.62 billion current LCU | 10 |
| 1980s | 12.87 billion current LCU | 6.05 billion current LCU | 21.97 billion current LCU | 10 |
| 1990s | 3.09 trillion current LCU | 31.44 billion current LCU | 10.18 trillion current LCU | 10 |
| 2000s | 42.33 trillion current LCU | 12.74 trillion current LCU | 95.77 trillion current LCU | 10 |
| 2010s | 145.34 trillion current LCU | 102.69 trillion current LCU | 172.00 trillion current LCU | 10 |
| 2020s | 197.51 trillion current LCU | 161.32 trillion current LCU | 249.35 trillion current LCU | 5 |
Countries ranked near Iraq
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 final consumption expenditure in Iraq?
- Final consumption expenditure in Iraq was 249.35 trillion current 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 249.35 trillion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Iraq?
- The lowest recorded value was 853.40 million current LCU in 1970.
- How does Iraq rank for final consumption expenditure?
- Iraq ranks 12th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Iraq?
- Over the last ten years it is up 55.9%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.