Gross national expenditure in Iraq
Iraq: Gross national expenditure was 245.32 billion current US$ in 2024. ◆ Volatile
Latest (2024)
245.32 billion current US$
Change on year
up 14.2%
World rank
54th
of 186 countries
All-time high
245.32 billion current US$
in 2024
All-time low
399.54 million current US$
in 1991
Years of data
55
1970–2024
Gross national expenditure in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross national expenditure in Iraq stood at 245.32 billion current US$. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 14.2% on the previous year and up 37.2% over ten years.
Over the whole period, gross national expenditure in Iraq peaked at 245.32 billion current US$ in 2024 and was at its lowest, 399.54 million current US$, in 1991.
Iraq ranks 54th of 186 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure in Iraq, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 2.96 billion current US$ | — |
| 1971 | 3.32 billion current US$ | +12.3% |
| 1972 | 3.74 billion current US$ | +12.5% |
| 1973 | 4.27 billion current US$ | +14.3% |
| 1974 | 8.23 billion current US$ | +92.6% |
| 1975 | 12.54 billion current US$ | +52.4% |
| 1976 | 14.36 billion current US$ | +14.5% |
| 1977 | 17.41 billion current US$ | +21.3% |
| 1978 | 18.52 billion current US$ | +6.4% |
| 1979 | 26.74 billion current US$ | +44.4% |
| 1980 | 36.38 billion current US$ | +36.0% |
| 1981 | 48.75 billion current US$ | +34.0% |
| 1982 | 59.58 billion current US$ | +22.2% |
| 1983 | 46.14 billion current US$ | -22.6% |
| 1984 | 50.01 billion current US$ | +8.4% |
| 1985 | 52.24 billion current US$ | +4.5% |
| 1986 | 53.29 billion current US$ | +2.0% |
| 1987 | 59.39 billion current US$ | +11.5% |
| 1988 | 66.58 billion current US$ | +12.1% |
| 1989 | 68.42 billion current US$ | +2.8% |
| 1990 | 181.37 billion current US$ | +165.1% |
| 1991 | 399.54 million current US$ | -99.8% |
| 1992 | 522.49 million current US$ | +30.8% |
| 1993 | 984.55 million current US$ | +88.4% |
| 1994 | 3.78 billion current US$ | +284.1% |
| 1995 | 12.30 billion current US$ | +225.2% |
| 1996 | 10.15 billion current US$ | -17.4% |
| 1997 | 9.02 billion current US$ | -11.1% |
| 1998 | 11.72 billion current US$ | +29.9% |
| 1999 | 25.05 billion current US$ | +113.7% |
| 2000 | 26.37 billion current US$ | +5.3% |
| 2001 | 28.50 billion current US$ | +8.1% |
| 2002 | 20.35 billion current US$ | -28.6% |
| 2003 | 15.11 billion current US$ | -25.7% |
| 2004 | 29.01 billion current US$ | +91.9% |
| 2005 | 39.88 billion current US$ | +37.5% |
| 2006 | 46.75 billion current US$ | +17.2% |
| 2007 | 59.18 billion current US$ | +26.6% |
| 2008 | 83.04 billion current US$ | +40.3% |
| 2009 | 94.47 billion current US$ | +13.8% |
| 2010 | 109.75 billion current US$ | +16.2% |
| 2011 | 132.85 billion current US$ | +21.1% |
| 2012 | 152.33 billion current US$ | +14.7% |
| 2013 | 179.16 billion current US$ | +17.6% |
| 2014 | 178.81 billion current US$ | -0.2% |
| 2015 | 157.94 billion current US$ | -11.7% |
| 2016 | 155.24 billion current US$ | -1.7% |
| 2017 | 160.28 billion current US$ | +3.2% |
| 2018 | 175.08 billion current US$ | +9.2% |
| 2019 | 198.65 billion current US$ | +13.5% |
| 2020 | 175.74 billion current US$ | -11.5% |
| 2021 | 166.68 billion current US$ | -5.2% |
| 2022 | 200.61 billion current US$ | +20.4% |
| 2023 | 214.73 billion current US$ | +7.0% |
| 2024 | 245.32 billion current US$ | +14.2% |
Iraq compared with similar countries
- Iraq's 245.32 billion current US$ is above the median for upper middle income countries, which is 60.77 billion current US$, 4.0× the median. (52 countries reporting)
- Iraq's 245.32 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 88.61 billion current US$, 2.8× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross national expenditure in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +284.1% | 984.55 million current US$ | 3.78 billion current US$ |
| 1995 | +225.2% | 3.78 billion current US$ | 12.30 billion current US$ |
| 1990 | +165.1% | 68.42 billion current US$ | 181.37 billion current US$ |
| 1991 | -99.8% | 181.37 billion current US$ | 399.54 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.21 billion current US$ | 2.96 billion current US$ | 26.74 billion current US$ | 10 |
| 1980s | 54.08 billion current US$ | 36.38 billion current US$ | 68.42 billion current US$ | 10 |
| 1990s | 25.53 billion current US$ | 399.54 million current US$ | 181.37 billion current US$ | 10 |
| 2000s | 44.27 billion current US$ | 15.11 billion current US$ | 94.47 billion current US$ | 10 |
| 2010s | 160.01 billion current US$ | 109.75 billion current US$ | 198.65 billion current US$ | 10 |
| 2020s | 200.62 billion current US$ | 166.68 billion current US$ | 245.32 billion current US$ | 5 |
Countries ranked near Iraq
- 51 Ukraine 271.03 billion current US$ compare
- 52 New Zealand 264.40 billion current US$ compare
- 53 Kazakhstan 263.14 billion current US$ compare
- 55 Hungary 235.44 billion current US$ compare
- 56 Morocco 199.09 billion current US$ compare
- 57 Uzbekistan 166.64 billion current US$ 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)
- 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$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is gross national expenditure in Iraq?
- Gross national expenditure in Iraq was 245.32 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Iraq?
- The highest recorded value was 245.32 billion current US$ in 2024.
- What is the lowest gross national expenditure recorded in Iraq?
- The lowest recorded value was 399.54 million current US$ in 1991.
- How does Iraq rank for gross national expenditure?
- Iraq ranks 54th out of 186 countries with data for 2024.
- Is gross national expenditure rising or falling in Iraq?
- Over the last ten years it is up 37.2%. 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 national expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. 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.