Gross savings in Iraq
Iraq: Gross savings was 32.0% in 2024. ▼ Falling
Gross savings in Iraq, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Iraq is 32.0%, measured in 2024.
That represents a change of down 22.0% on the previous year and down 15.7% over ten years.
Over the whole period, gross savings in Iraq peaked at 54.5% in 2022 and was at its lowest, 24.0%, in 2020.
Iraq ranks 33rd of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Gross savings in Iraq, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 50.0% | — |
| 2006 | 47.8% | -4.3% |
| 2007 | 44.0% | -8.1% |
| 2008 | 52.5% | +19.4% |
| 2009 | 27.7% | -47.3% |
| 2010 | 36.0% | +30.0% |
| 2011 | 42.7% | +18.8% |
| 2012 | 41.7% | -2.4% |
| 2013 | 41.4% | -0.8% |
| 2014 | 38.0% | -8.2% |
| 2015 | 25.1% | -34.0% |
| 2016 | 24.4% | -2.5% |
| 2017 | 32.1% | +31.3% |
| 2018 | 40.3% | +25.5% |
| 2019 | 37.4% | -7.3% |
| 2020 | 24.0% | -35.7% |
| 2021 | 40.5% | +68.6% |
| 2022 | 54.5% | +34.6% |
| 2023 | 41.1% | -24.7% |
| 2024 | 32.0% | -22.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 44.4% | 27.7% | 52.5% | 5 |
| 2010s | 35.9% | 24.4% | 42.7% | 10 |
| 2020s | 38.4% | 24.0% | 54.5% | 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)
- Manufacturing, value added (constant LCU), per capita 112,723 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -19.94 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.4539 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 2,455 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual -19.94 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 590.08 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 3.19 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) -6.48 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Iraq?
- Gross savings in Iraq was 32.0% 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 54.5% in 2022.
- What is the lowest gross savings recorded in Iraq?
- The lowest recorded value was 24.0% in 2020.
- How does Iraq rank for gross savings?
- Iraq ranks 33rd out of 177 countries with data for 2024.
- Is gross savings rising or falling in Iraq?
- Over the last ten years it is down 15.7%. The long-run trend across the full record is falling.
- Where does this Iraq data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). 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 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.