Gross Domestic Product — Value Standard Local Currency in Iraq
Iraq: Gross Domestic Product — Value Standard Local Currency was 313.04 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Iraq, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency in Iraq is 313.04 million million SLC, measured in 2024.
Compared with earlier readings it is up 2.8% on the previous year and up 17.5% over ten years.
Over the whole period, gross domestic product — value standard local currency in Iraq peaked at 383.06 million million SLC in 2022 and was at its lowest, 5,273 million SLC, in 1970.
That places Iraq 13th out of 218 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.
Gross Domestic Product — Value Standard Local Currency in Iraq, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,273 million SLC | — |
| 1971 | 6,109 million SLC | +15.9% |
| 1972 | 6,105 million SLC | -0.1% |
| 1973 | 6,844 million SLC | +12.1% |
| 1974 | 14,391 million SLC | +110.3% |
| 1975 | 17,156 million SLC | +19.2% |
| 1976 | 22,505 million SLC | +31.2% |
| 1977 | 25,342 million SLC | +12.6% |
| 1978 | 30,303 million SLC | +19.6% |
| 1979 | 47,776 million SLC | +57.7% |
| 1980 | 66,891 million SLC | +40.0% |
| 1981 | 46,738 million SLC | -30.1% |
| 1982 | 53,589 million SLC | +14.7% |
| 1983 | 55,597 million SLC | +3.7% |
| 1984 | 62,587 million SLC | +12.6% |
| 1985 | 64,984 million SLC | +3.8% |
| 1986 | 63,177 million SLC | -2.8% |
| 1987 | 75,078 million SLC | +18.8% |
| 1988 | 84,020 million SLC | +11.9% |
| 1989 | 88,186 million SLC | +5.0% |
| 1990 | 97,711 million SLC | +10.8% |
| 1991 | 83,631 million SLC | -14.4% |
| 1992 | 207,441 million SLC | +148.0% |
| 1993 | 522,089 million SLC | +151.7% |
| 1994 | 2.58 million million SLC | +395.0% |
| 1995 | 8.14 million million SLC | +215.0% |
| 1996 | 9.98 million million SLC | +22.6% |
| 1997 | 13.71 million million SLC | +37.4% |
| 1998 | 19.26 million million SLC | +40.5% |
| 1999 | 40.92 million million SLC | +112.4% |
| 2000 | 56.61 million million SLC | +38.3% |
| 2001 | 47.71 million million SLC | -15.7% |
| 2002 | 47.73 million million SLC | +0.0% |
| 2003 | 28.76 million million SLC | -39.7% |
| 2004 | 53.24 million million SLC | +85.1% |
| 2005 | 73.53 million million SLC | +38.1% |
| 2006 | 95.59 million million SLC | +30.0% |
| 2007 | 111.46 million million SLC | +16.6% |
| 2008 | 157.03 million million SLC | +40.9% |
| 2009 | 130.64 million million SLC | -16.8% |
| 2010 | 162.06 million million SLC | +24.1% |
| 2011 | 217.33 million million SLC | +34.1% |
| 2012 | 254.22 million million SLC | +17.0% |
| 2013 | 273.59 million million SLC | +7.6% |
| 2014 | 266.33 million million SLC | -2.7% |
| 2015 | 194.68 million million SLC | -26.9% |
| 2016 | 196.92 million million SLC | +1.2% |
| 2017 | 221.67 million million SLC | +12.6% |
| 2018 | 268.92 million million SLC | +21.3% |
| 2019 | 276.16 million million SLC | +2.7% |
| 2020 | 215.66 million million SLC | -21.9% |
| 2021 | 301.15 million million SLC | +39.6% |
| 2022 | 383.06 million million SLC | +27.2% |
| 2023 | 304.64 million million SLC | -20.5% |
| 2024 | 313.04 million million SLC | +2.8% |
Iraq compared with similar countries
- Iraq's 313.04 million million SLC is above the median for upper middle income countries, which is 913,929 million SLC, 342.5× the median. (54 countries reporting)
- Iraq's 313.04 million million SLC is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.54 million million SLC, 203.9× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 | +395.0% | 522,089 million SLC | 2.58 million million SLC |
| 1995 | +215.0% | 2.58 million million SLC | 8.14 million million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18,180 million SLC | 5,273 million SLC | 47,776 million SLC | 10 |
| 1980s | 66,085 million SLC | 46,738 million SLC | 88,186 million SLC | 10 |
| 1990s | 9.55 million million SLC | 83,631 million SLC | 40.92 million million SLC | 10 |
| 2000s | 80.23 million million SLC | 28.76 million million SLC | 157.03 million million SLC | 10 |
| 2010s | 233.19 million million SLC | 162.06 million million SLC | 276.16 million million SLC | 10 |
| 2020s | 303.51 million million SLC | 215.66 million million SLC | 383.06 million million SLC | 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 gross domestic product — value standard local currency in Iraq?
- Gross domestic product — value standard local currency in Iraq was 313.04 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Iraq?
- The highest recorded value was 383.06 million million SLC in 2022.
- What is the lowest gross domestic product — value standard local currency recorded in Iraq?
- The lowest recorded value was 5,273 million SLC in 1970.
- How does Iraq rank for gross domestic product — value standard local currency?
- Iraq ranks 13th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Iraq?
- Over the last ten years it is up 17.5%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).