Gross domestic savings in Iraq
Iraq: Gross domestic savings was 31.4% in 2024. ▲ Rising
Gross domestic savings in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Iraq recorded 31.4% for gross domestic savings in 2024.
That represents a change of down 22.3% on the previous year and down 21.3% over ten years.
Over the whole period, gross domestic savings in Iraq peaked at 74.6% in 2000 and was at its lowest, -10.9%, in 1991.
That places Iraq 43rd out of 188 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross domestic savings in Iraq, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 27.2% | — |
| 1971 | 29.4% | +8.1% |
| 1972 | 29.1% | -1.0% |
| 1973 | 39.9% | +37.0% |
| 1974 | 56.5% | +41.6% |
| 1975 | 42.6% | -24.7% |
| 1976 | 43.9% | +3.1% |
| 1977 | 37.7% | -14.1% |
| 1978 | 42.8% | +13.5% |
| 1979 | 58.6% | +37.0% |
| 1980 | 61.6% | +5.1% |
| 1981 | 33.0% | -46.4% |
| 1982 | 17.4% | -47.3% |
| 1983 | 2.4% | -86.5% |
| 1984 | 12.0% | +409.6% |
| 1985 | 16.5% | +37.7% |
| 1986 | 6.8% | -58.6% |
| 1987 | 15.5% | +126.3% |
| 1988 | 15.8% | +2.2% |
| 1989 | -7.7% | -148.6% |
| 1990 | 43.8% | -670.3% |
| 1991 | -10.9% | -124.8% |
| 1992 | 37.4% | -444.8% |
| 1993 | 63.9% | +70.8% |
| 1994 | 63.4% | -0.8% |
| 1995 | 56.1% | -11.6% |
| 1996 | 60.7% | +8.3% |
| 1997 | 60.7% | +0.0% |
| 1998 | 50.5% | -16.8% |
| 1999 | 70.5% | +39.5% |
| 2000 | 74.6% | +5.9% |
| 2001 | 64.6% | -13.4% |
| 2002 | 56.4% | -12.7% |
| 2003 | 41.7% | -26.1% |
| 2004 | 37.7% | -9.5% |
| 2005 | 42.5% | +12.7% |
| 2006 | 47.2% | +10.9% |
| 2007 | 42.7% | -9.4% |
| 2008 | 52.1% | +21.9% |
| 2009 | 26.7% | -48.8% |
| 2010 | 36.6% | +37.3% |
| 2011 | 45.2% | +23.5% |
| 2012 | 43.6% | -3.7% |
| 2013 | 43.9% | +0.8% |
| 2014 | 39.9% | -9.1% |
| 2015 | 25.7% | -35.8% |
| 2016 | 24.8% | -3.4% |
| 2017 | 32.2% | +30.1% |
| 2018 | 40.6% | +25.9% |
| 2019 | 37.7% | -7.1% |
| 2020 | 25.2% | -33.2% |
| 2021 | 41.9% | +66.4% |
| 2022 | 54.5% | +30.0% |
| 2023 | 40.4% | -25.8% |
| 2024 | 31.4% | -22.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 40.8% | 27.2% | 58.6% | 10 |
| 1980s | 17.3% | -7.7% | 61.6% | 10 |
| 1990s | 49.6% | -10.9% | 70.5% | 10 |
| 2000s | 48.6% | 26.7% | 74.6% | 10 |
| 2010s | 37.0% | 24.8% | 45.2% | 10 |
| 2020s | 38.7% | 25.2% | 54.5% | 5 |
Countries ranked near Iraq
- 40 India 32.6% compare
- 41 Faroe Islands 31.5% compare
- 42 Türkiye 31.4% compare
- 44 Congo, Democratic Republic of the 31.3% compare
- 45 Netherlands 31.0% compare
- 46 Maldives 30.7% compare
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)
- Final consumption expenditure (constant 2015 US$), per capita 3,837 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 14.25 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 0.8773 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 5,328 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 12.88 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 1,140 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 6.93 million current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 7.67 % change on previous year (2024)
Frequently asked questions
- What is gross domestic savings in Iraq?
- Gross domestic savings in Iraq was 31.4% 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 74.6% in 2000.
- What is the lowest gross domestic savings recorded in Iraq?
- The lowest recorded value was -10.9% in 1991.
- How does Iraq rank for gross domestic savings?
- Iraq ranks 43rd out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Iraq?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.