Final consumption expenditure in Iraq
Iraq: Final consumption expenditure was 191.81 billion current US$ in 2024. ◆ Volatile
Final consumption expenditure in Iraq, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, final consumption expenditure in Iraq stood at 191.81 billion current US$. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 19.8% on the previous year and up 39.8% over ten years.
Over the whole period, final consumption expenditure in Iraq peaked at 191.81 billion current US$ in 2024 and was at its lowest, 346.47 million current US$, in 1992.
Iraq ranks 52nd of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Iraq, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 2.39 billion current US$ | — |
| 1971 | 2.73 billion current US$ | +14.2% |
| 1972 | 2.92 billion current US$ | +6.9% |
| 1973 | 3.09 billion current US$ | +5.9% |
| 1974 | 5.01 billion current US$ | +62.4% |
| 1975 | 7.73 billion current US$ | +54.2% |
| 1976 | 9.96 billion current US$ | +28.8% |
| 1977 | 12.36 billion current US$ | +24.0% |
| 1978 | 13.59 billion current US$ | +10.0% |
| 1979 | 15.64 billion current US$ | +15.1% |
| 1980 | 20.18 billion current US$ | +29.0% |
| 1981 | 25.34 billion current US$ | +25.6% |
| 1982 | 35.01 billion current US$ | +38.2% |
| 1983 | 39.75 billion current US$ | +13.5% |
| 1984 | 41.30 billion current US$ | +3.9% |
| 1985 | 40.42 billion current US$ | -2.1% |
| 1986 | 44.03 billion current US$ | +8.9% |
| 1987 | 47.99 billion current US$ | +9.0% |
| 1988 | 52.78 billion current US$ | +10.0% |
| 1989 | 70.89 billion current US$ | +34.3% |
| 1990 | 101.41 billion current US$ | +43.1% |
| 1991 | 452.06 million current US$ | -99.6% |
| 1992 | 346.47 million current US$ | -23.4% |
| 1993 | 372.18 million current US$ | +7.4% |
| 1994 | 1.46 billion current US$ | +292.2% |
| 1995 | 5.66 billion current US$ | +287.9% |
| 1996 | 4.10 billion current US$ | -27.6% |
| 1997 | 8.15 billion current US$ | +98.9% |
| 1998 | 10.20 billion current US$ | +25.1% |
| 1999 | 10.89 billion current US$ | +6.8% |
| 2000 | 12.27 billion current US$ | +12.7% |
| 2001 | 12.80 billion current US$ | +4.2% |
| 2002 | 14.35 billion current US$ | +12.1% |
| 2003 | 12.78 billion current US$ | -10.9% |
| 2004 | 22.81 billion current US$ | +78.5% |
| 2005 | 28.78 billion current US$ | +26.2% |
| 2006 | 34.43 billion current US$ | +19.6% |
| 2007 | 50.88 billion current US$ | +47.8% |
| 2008 | 63.06 billion current US$ | +23.9% |
| 2009 | 81.86 billion current US$ | +29.8% |
| 2010 | 87.77 billion current US$ | +7.2% |
| 2011 | 101.72 billion current US$ | +15.9% |
| 2012 | 123.02 billion current US$ | +20.9% |
| 2013 | 131.61 billion current US$ | +7.0% |
| 2014 | 137.21 billion current US$ | +4.3% |
| 2015 | 123.99 billion current US$ | -9.6% |
| 2016 | 125.43 billion current US$ | +1.2% |
| 2017 | 126.86 billion current US$ | +1.1% |
| 2018 | 135.10 billion current US$ | +6.5% |
| 2019 | 145.51 billion current US$ | +7.7% |
| 2020 | 135.32 billion current US$ | -7.0% |
| 2021 | 121.75 billion current US$ | -10.0% |
| 2022 | 130.74 billion current US$ | +7.4% |
| 2023 | 160.18 billion current US$ | +22.5% |
| 2024 | 191.81 billion current US$ | +19.7% |
Iraq compared with similar countries
- Iraq's 191.81 billion current US$ is above the median for upper middle income countries, which is 47.37 billion current US$, 4.0× the median. (52 countries reporting)
- Iraq's 191.81 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 61.99 billion current US$, 3.1× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +292.2% | 372.18 million current US$ | 1.46 billion current US$ |
| 1995 | +287.9% | 1.46 billion current US$ | 5.66 billion current US$ |
| 1991 | -99.6% | 101.41 billion current US$ | 452.06 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.54 billion current US$ | 2.39 billion current US$ | 15.64 billion current US$ | 10 |
| 1980s | 41.77 billion current US$ | 20.18 billion current US$ | 70.89 billion current US$ | 10 |
| 1990s | 14.30 billion current US$ | 346.47 million current US$ | 101.41 billion current US$ | 10 |
| 2000s | 33.40 billion current US$ | 12.27 billion current US$ | 81.86 billion current US$ | 10 |
| 2010s | 123.82 billion current US$ | 87.77 billion current US$ | 145.51 billion current US$ | 10 |
| 2020s | 147.96 billion current US$ | 121.75 billion current US$ | 191.81 billion current US$ | 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)
- 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$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Iraq?
- Final consumption expenditure in Iraq was 191.81 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Iraq?
- The highest recorded value was 191.81 billion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Iraq?
- The lowest recorded value was 346.47 million current US$ in 1992.
- How does Iraq rank for final consumption expenditure?
- Iraq ranks 52nd 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 39.8%. 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 indicator is expressed in United States dollars.