Gross domestic savings in Iraq
Iraq: Gross domestic savings was 87.83 billion current US$ in 2024. ◆ Volatile
Latest (2024)
87.83 billion current US$
Change on year
down 19.2%
World rank
45th
of 187 countries
All-time high
156.63 billion current US$
in 2022
All-time low
-5.05 billion current US$
in 1989
Years of data
55
1970–2024
Gross domestic savings in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Iraq recorded 87.83 billion current US$ for gross domestic savings in 2024.
Compared with earlier readings it is down 19.2% on the previous year and down 3.7% over ten years.
Over the whole period, gross domestic savings in Iraq peaked at 156.63 billion current US$ in 2022 and was at its lowest, -5.05 billion current US$, in 1989.
That places Iraq 45th out of 187 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Iraq, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 891.80 million current US$ | — |
| 1971 | 1.14 billion current US$ | +27.4% |
| 1972 | 1.20 billion current US$ | +5.4% |
| 1973 | 2.05 billion current US$ | +71.0% |
| 1974 | 6.50 billion current US$ | +217.7% |
| 1975 | 5.73 billion current US$ | -12.0% |
| 1976 | 7.79 billion current US$ | +36.1% |
| 1977 | 7.48 billion current US$ | -4.0% |
| 1978 | 10.17 billion current US$ | +36.0% |
| 1979 | 22.18 billion current US$ | +118.0% |
| 1980 | 32.39 billion current US$ | +46.1% |
| 1981 | 12.48 billion current US$ | -61.5% |
| 1982 | 7.37 billion current US$ | -41.0% |
| 1983 | 959.03 million current US$ | -87.0% |
| 1984 | 5.63 billion current US$ | +487.5% |
| 1985 | 8.00 billion current US$ | +42.1% |
| 1986 | 3.23 billion current US$ | -59.6% |
| 1987 | 8.78 billion current US$ | +171.8% |
| 1988 | 9.91 billion current US$ | +12.8% |
| 1989 | -5.05 billion current US$ | -151.0% |
| 1990 | 79.00 billion current US$ | -1662.8% |
| 1991 | -44.27 million current US$ | -100.1% |
| 1992 | 207.20 million current US$ | -568.1% |
| 1993 | 659.76 million current US$ | +218.4% |
| 1994 | 2.53 billion current US$ | +283.7% |
| 1995 | 7.23 billion current US$ | +185.6% |
| 1996 | 6.34 billion current US$ | -12.4% |
| 1997 | 12.61 billion current US$ | +99.1% |
| 1998 | 10.42 billion current US$ | -17.4% |
| 1999 | 25.99 billion current US$ | +149.5% |
| 2000 | 36.09 billion current US$ | +38.9% |
| 2001 | 23.38 billion current US$ | -35.2% |
| 2002 | 18.58 billion current US$ | -20.5% |
| 2003 | 9.14 billion current US$ | -50.8% |
| 2004 | 13.82 billion current US$ | +51.2% |
| 2005 | 21.28 billion current US$ | +54.0% |
| 2006 | 30.72 billion current US$ | +44.4% |
| 2007 | 37.96 billion current US$ | +23.6% |
| 2008 | 68.56 billion current US$ | +80.6% |
| 2009 | 29.80 billion current US$ | -56.5% |
| 2010 | 50.75 billion current US$ | +70.3% |
| 2011 | 84.03 billion current US$ | +65.6% |
| 2012 | 94.98 billion current US$ | +13.0% |
| 2013 | 103.03 billion current US$ | +8.5% |
| 2014 | 91.21 billion current US$ | -11.5% |
| 2015 | 42.79 billion current US$ | -53.1% |
| 2016 | 41.32 billion current US$ | -3.4% |
| 2017 | 60.36 billion current US$ | +46.1% |
| 2018 | 92.27 billion current US$ | +52.9% |
| 2019 | 88.12 billion current US$ | -4.5% |
| 2020 | 45.58 billion current US$ | -48.3% |
| 2021 | 87.94 billion current US$ | +92.9% |
| 2022 | 156.63 billion current US$ | +78.1% |
| 2023 | 108.70 billion current US$ | -30.6% |
| 2024 | 87.83 billion current US$ | -19.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.51 billion current US$ | 891.80 million current US$ | 22.18 billion current US$ | 10 |
| 1980s | 8.37 billion current US$ | -5.05 billion current US$ | 32.39 billion current US$ | 10 |
| 1990s | 14.49 billion current US$ | -44.27 million current US$ | 79.00 billion current US$ | 10 |
| 2000s | 28.93 billion current US$ | 9.14 billion current US$ | 68.56 billion current US$ | 10 |
| 2010s | 74.89 billion current US$ | 41.32 billion current US$ | 103.03 billion current US$ | 10 |
| 2020s | 97.34 billion current US$ | 45.58 billion current US$ | 156.63 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)
- 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 gross domestic savings in Iraq?
- Gross domestic savings in Iraq was 87.83 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Iraq?
- The highest recorded value was 156.63 billion current US$ in 2022.
- What is the lowest gross domestic savings recorded in Iraq?
- The lowest recorded value was -5.05 billion current US$ in 1989.
- How does Iraq rank for gross domestic savings?
- Iraq ranks 45th out of 187 countries with data for 2024.
- Is gross domestic savings rising or falling in Iraq?
- Over the last ten years it is down 3.7%. 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 Organizations and/or Central Banks, published as part of Gross domestic savings (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
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.