GDP growth in Iraq
Iraq: GDP growth was -1.55 in 2024. ◆ Volatile
Latest (2024)
-1.55
Change on year
down 398.5%
World rank
71st
of 74 countries
All-time high
57.82
in 1990
All-time low
-64.05
in 1991
Years of data
64
1961–2024
GDP growth in Iraq, 1961–2024
Source: UNICEF.
Analysis
Iraq recorded -1.55 for gdp growth in 2024.
That represents a change of down 398.5% on the previous year and down 168.3% over ten years.
Over the whole period, gdp growth in Iraq peaked at 57.82 in 1990 and was at its lowest, -64.05, in 1991.
Iraq ranks 71st of 74 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 7.33 | — |
| 1962 | 4.6 | -37.2% |
| 1963 | 2.45 | -46.8% |
| 1964 | 14.83 | +505.7% |
| 1965 | 10.76 | -27.4% |
| 1966 | 4.96 | -53.9% |
| 1967 | -8.86 | -278.5% |
| 1968 | 19.51 | -320.3% |
| 1969 | 3.24 | -83.4% |
| 1970 | 4.54 | +40.1% |
| 1971 | 5.37 | +18.3% |
| 1972 | 3.74 | -30.5% |
| 1973 | 4.42 | +18.3% |
| 1974 | 16.11 | +264.7% |
| 1975 | 12.49 | -22.5% |
| 1976 | 17.18 | +37.5% |
| 1977 | 1.9 | -88.9% |
| 1978 | 17.06 | +797.8% |
| 1979 | 20.87 | +22.4% |
| 1980 | 24.75 | +18.6% |
| 1981 | -0.7287 | -102.9% |
| 1982 | 3.43 | -571.2% |
| 1983 | -13.07 | -480.7% |
| 1984 | -1.49 | -88.6% |
| 1985 | 1.45 | -197.9% |
| 1986 | 4.65 | +219.7% |
| 1987 | 9.31 | +100.2% |
| 1988 | -0.019 | -100.2% |
| 1989 | -3.12 | +16281.6% |
| 1990 | 57.82 | -1954.0% |
| 1991 | -64.05 | -210.8% |
| 1992 | 32.59 | -150.9% |
| 1993 | 30.29 | -7.1% |
| 1994 | 3.85 | -87.3% |
| 1995 | 2.12 | -45.0% |
| 1996 | 11.02 | +419.8% |
| 1997 | 21.24 | +92.7% |
| 1998 | 35 | +64.8% |
| 1999 | 17.58 | -49.8% |
| 2000 | 16.8 | -4.5% |
| 2001 | 1.77 | -89.5% |
| 2002 | -8.2 | -564.4% |
| 2003 | -36.66 | +346.8% |
| 2004 | 53.39 | -245.6% |
| 2005 | 1.68 | -96.9% |
| 2006 | 5.64 | +236.6% |
| 2007 | 1.89 | -66.5% |
| 2008 | 8.23 | +335.7% |
| 2009 | 3.38 | -58.9% |
| 2010 | 6.4 | +89.5% |
| 2011 | 7.55 | +17.9% |
| 2012 | 13.94 | +84.7% |
| 2013 | 7.63 | -45.3% |
| 2014 | 2.26 | -70.3% |
| 2015 | 2.61 | +15.2% |
| 2016 | 13.79 | +428.9% |
| 2017 | -1.82 | -113.2% |
| 2018 | 2.63 | -244.7% |
| 2019 | 5.51 | +109.3% |
| 2020 | -12.04 | -318.3% |
| 2021 | 1.5 | -112.5% |
| 2022 | 7.96 | +429.8% |
| 2023 | 0.5177 | -93.5% |
| 2024 | -1.55 | -398.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.54 | -8.86 | 19.51 | 9 |
| 1970s | 10.37 | 1.9 | 20.87 | 10 |
| 1980s | 2.52 | -13.07 | 24.75 | 10 |
| 1990s | 14.75 | -64.05 | 57.82 | 10 |
| 2000s | 4.79 | -36.66 | 53.39 | 10 |
| 2010s | 6.05 | -1.82 | 13.94 | 10 |
| 2020s | -0.7206 | -12.04 | 7.96 | 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)
- GNI, Atlas method (current US$), annual growth rate -3.6 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 5,688 current US$ per person (2025)
- GNI (current US$), annual growth rate -9.32 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 5,419 current US$ per person (2025)
- GNI (current LCU), annual growth rate -9.32 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,302 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp growth in Iraq?
- Gdp growth in Iraq was -1.55 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Iraq?
- The highest recorded value was 57.82 in 1990.
- What is the lowest gdp growth recorded in Iraq?
- The lowest recorded value was -64.05 in 1991.
- How does Iraq rank for gdp growth?
- Iraq ranks 71st out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Iraq?
- Over the last ten years it is down 168.3%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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