Gross Domestic Product — Value US$ in Iraq
Iraq: Gross Domestic Product — Value US$ was 240,800 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Iraq, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Iraq is 240,800 million USD, measured in 2024.
That represents a change of up 3.7% on the previous year and up 5.4% over ten years.
Over the whole period, gross domestic product — value us$ in Iraq peaked at 264,182 million USD in 2022 and was at its lowest, 3,288 million USD, in 1970.
That places Iraq 52nd out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Iraq, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 3,288 million USD | — |
| 1971 | 3,695 million USD | +12.4% |
| 1972 | 3,711 million USD | +0.4% |
| 1973 | 4,655 million USD | +25.4% |
| 1974 | 5,482 million USD | +17.8% |
| 1975 | 6,851 million USD | +25.0% |
| 1976 | 8,720 million USD | +27.3% |
| 1977 | 9,433 million USD | +8.2% |
| 1978 | 11,937 million USD | +26.6% |
| 1979 | 16,021 million USD | +34.2% |
| 1980 | 17,540 million USD | +9.5% |
| 1981 | 15,748 million USD | -10.2% |
| 1982 | 16,541 million USD | +5.0% |
| 1983 | 15,764 million USD | -4.7% |
| 1984 | 16,362 million USD | +3.8% |
| 1985 | 16,877 million USD | +3.1% |
| 1986 | 18,617 million USD | +10.3% |
| 1987 | 22,776 million USD | +22.3% |
| 1988 | 24,299 million USD | +6.7% |
| 1989 | 23,012 million USD | -5.3% |
| 1990 | 23,877 million USD | +3.8% |
| 1991 | 8,363 million USD | -65.0% |
| 1992 | 9,878 million USD | +18.1% |
| 1993 | 7,055 million USD | -28.6% |
| 1994 | 5,643 million USD | -20.0% |
| 1995 | 4,863 million USD | -13.8% |
| 1996 | 8,529 million USD | +75.4% |
| 1997 | 9,323 million USD | +9.3% |
| 1998 | 11,892 million USD | +27.5% |
| 1999 | 20,750 million USD | +74.5% |
| 2000 | 23,643 million USD | +13.9% |
| 2001 | 24,733 million USD | +4.6% |
| 2002 | 24,390 million USD | -1.4% |
| 2003 | 23,144 million USD | -5.1% |
| 2004 | 36,638 million USD | +58.3% |
| 2005 | 49,955 million USD | +36.3% |
| 2006 | 64,805 million USD | +29.7% |
| 2007 | 88,840 million USD | +37.1% |
| 2008 | 123,652 million USD | +39.2% |
| 2009 | 128,619 million USD | +4.0% |
| 2010 | 138,517 million USD | +7.7% |
| 2011 | 185,750 million USD | +34.1% |
| 2012 | 218,001 million USD | +17.4% |
| 2013 | 234,638 million USD | +7.6% |
| 2014 | 228,416 million USD | -2.7% |
| 2015 | 166,774 million USD | -27.0% |
| 2016 | 166,602 million USD | -0.1% |
| 2017 | 187,218 million USD | +12.4% |
| 2018 | 227,367 million USD | +21.4% |
| 2019 | 233,636 million USD | +2.8% |
| 2020 | 180,924 million USD | -22.6% |
| 2021 | 207,692 million USD | +14.8% |
| 2022 | 264,182 million USD | +27.2% |
| 2023 | 232,107 million USD | -12.1% |
| 2024 | 240,800 million USD | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,379 million USD | 3,288 million USD | 16,021 million USD | 10 |
| 1980s | 18,753 million USD | 15,748 million USD | 24,299 million USD | 10 |
| 1990s | 11,017 million USD | 4,863 million USD | 23,877 million USD | 10 |
| 2000s | 58,842 million USD | 23,144 million USD | 128,619 million USD | 10 |
| 2010s | 198,692 million USD | 138,517 million USD | 234,638 million USD | 10 |
| 2020s | 225,141 million USD | 180,924 million USD | 264,182 million USD | 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)
- Net primary income (Net income from abroad) (current LCU), annual 35.11 % change on previous year (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0006 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,780 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,300 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0008 (2025)
- Gdp worldbank constant usd, annual growth rate -2.16 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7403 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 4,005 units per person (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Iraq?
- Gross domestic product — value us$ in Iraq was 240,800 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Iraq?
- The highest recorded value was 264,182 million USD in 2022.
- What is the lowest gross domestic product — value us$ recorded in Iraq?
- The lowest recorded value was 3,288 million USD in 1970.
- How does Iraq rank for gross domestic product — value us$?
- Iraq ranks 52nd out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Iraq?
- Over the last ten years it is up 5.4%. 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 US$. 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).