Gross domestic product (GDP), Constant prices, Purchasing power in Iraq
Iraq: Gross domestic product (GDP), Constant prices, Purchasing power was 455.63 in 2019. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Iraq, 1970–2019
Source: International Monetary Fund.
Analysis
In 2019, gross domestic product (gdp), constant prices, purchasing power in Iraq stood at 455.63. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 4.4% on the previous year and up 69.8% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Iraq peaked at 455.63 in 2019 and was at its lowest, 52.3, in 1991.
That places Iraq 45th out of 193 countries with data for 2019, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Purchasing power in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 62.44 | — |
| 1971 | 66.78 | +6.9% |
| 1972 | 64.28 | -3.7% |
| 1973 | 76.45 | +18.9% |
| 1974 | 82.61 | +8.1% |
| 1975 | 94.48 | +14.4% |
| 1976 | 113.98 | +20.6% |
| 1977 | 116.09 | +1.8% |
| 1978 | 137.25 | +18.2% |
| 1979 | 170.1 | +23.9% |
| 1980 | 170.8 | +0.4% |
| 1981 | 140.09 | -18.0% |
| 1982 | 138.58 | -1.1% |
| 1983 | 127.1 | -8.3% |
| 1984 | 127.32 | +0.2% |
| 1985 | 127.3 | -0.0% |
| 1986 | 137.66 | +8.1% |
| 1987 | 164.34 | +19.4% |
| 1988 | 169.35 | +3.1% |
| 1989 | 154.33 | -8.9% |
| 1990 | 154.36 | +0.0% |
| 1991 | 52.3 | -66.1% |
| 1992 | 65.7 | +25.6% |
| 1993 | 97.61 | +48.6% |
| 1994 | 93.11 | -4.6% |
| 1995 | 76.06 | -18.3% |
| 1996 | 113.81 | +49.6% |
| 1997 | 138.72 | +21.9% |
| 1998 | 187.07 | +34.9% |
| 1999 | 219.96 | +17.6% |
| 2000 | 223.06 | +1.4% |
| 2001 | 228.2 | +2.3% |
| 2002 | 212.45 | -6.9% |
| 2003 | 142.13 | -33.1% |
| 2004 | 219.1 | +54.2% |
| 2005 | 222.77 | +1.7% |
| 2006 | 235.33 | +5.6% |
| 2007 | 239.78 | +1.9% |
| 2008 | 259.51 | +8.2% |
| 2009 | 268.28 | +3.4% |
| 2010 | 285.45 | +6.4% |
| 2011 | 307 | +7.5% |
| 2012 | 349.78 | +13.9% |
| 2013 | 376.46 | +7.6% |
| 2014 | 377.2 | +0.2% |
| 2015 | 395.02 | +4.7% |
| 2016 | 449.48 | +13.8% |
| 2017 | 432.55 | -3.8% |
| 2018 | 436.24 | +0.9% |
| 2019 | 455.63 | +4.4% |
Iraq compared with similar countries
- Iraq's 455.63 is above the median for upper middle income countries, which is 73.89, 6.2× the median. (57 countries reporting)
- Iraq's 455.63 is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 188.49, 2.4× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 98.45 | 62.44 | 170.1 | 10 |
| 1980s | 145.69 | 127.1 | 170.8 | 10 |
| 1990s | 119.87 | 52.3 | 219.96 | 10 |
| 2000s | 225.06 | 142.13 | 268.28 | 10 |
| 2010s | 386.48 | 285.45 | 455.63 | 10 |
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 gross domestic product (gdp), constant prices, purchasing power in Iraq?
- Gross domestic product (gdp), constant prices, purchasing power in Iraq was 455.63 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Iraq?
- The highest recorded value was 455.63 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Iraq?
- The lowest recorded value was 52.3 in 1991.
- How does Iraq rank for gross domestic product (gdp), constant prices, purchasing power?
- Iraq ranks 45th out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Iraq?
- Over the last ten years it is up 69.8%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.