Gross savings in Iraq
Iraq: Gross savings was 89.52 billion current US$ in 2024. ▲ Rising
Gross savings in Iraq, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Iraq is 89.52 billion current US$, measured in 2024.
The figure is down 18.9% on the previous year and up 3.2% over ten years.
Over the whole period, gross savings in Iraq peaked at 156.73 billion current US$ in 2022 and was at its lowest, 25.02 billion current US$, in 2005.
Iraq ranks 40th of 178 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Gross savings in Iraq, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | 25.02 billion current US$ | — |
| 2006 | 31.16 billion current US$ | +24.5% |
| 2007 | 39.06 billion current US$ | +25.4% |
| 2008 | 69.11 billion current US$ | +76.9% |
| 2009 | 30.90 billion current US$ | -55.3% |
| 2010 | 49.84 billion current US$ | +61.3% |
| 2011 | 79.40 billion current US$ | +59.3% |
| 2012 | 90.93 billion current US$ | +14.5% |
| 2013 | 97.11 billion current US$ | +6.8% |
| 2014 | 86.74 billion current US$ | -10.7% |
| 2015 | 41.81 billion current US$ | -51.8% |
| 2016 | 40.76 billion current US$ | -2.5% |
| 2017 | 60.10 billion current US$ | +47.5% |
| 2018 | 91.59 billion current US$ | +52.4% |
| 2019 | 87.26 billion current US$ | -4.7% |
| 2020 | 43.47 billion current US$ | -50.2% |
| 2021 | 84.95 billion current US$ | +95.4% |
| 2022 | 156.73 billion current US$ | +84.5% |
| 2023 | 110.41 billion current US$ | -29.6% |
| 2024 | 89.52 billion current US$ | -18.9% |
Iraq compared with similar countries
- Iraq's 89.52 billion current US$ is above the median for upper middle income countries, which is 17.82 billion current US$, 5.0× the median. (49 countries reporting)
- Iraq's 89.52 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 29.69 billion current US$, 3.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.05 billion current US$ | 25.02 billion current US$ | 69.11 billion current US$ | 5 |
| 2010s | 72.55 billion current US$ | 40.76 billion current US$ | 97.11 billion current US$ | 10 |
| 2020s | 97.02 billion current US$ | 43.47 billion current US$ | 156.73 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)
- 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$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Iraq?
- Gross savings in Iraq was 89.52 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Iraq?
- The highest recorded value was 156.73 billion current US$ in 2022.
- What is the lowest gross savings recorded in Iraq?
- The lowest recorded value was 25.02 billion current US$ in 2005.
- How does Iraq rank for gross savings?
- Iraq ranks 40th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Iraq?
- Over the last ten years it is up 3.2%. 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 Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.