Net trade in goods and services (BoP, current US$), annual growth rate in Iraq
Iraq: Net trade in goods and services (BoP, current US$), annual growth rate was -74.96 % change on previous year in 2024. ◆ Volatile
Net trade in goods and services (BoP, current US$), annual growth rate in Iraq, 2006–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, net trade in goods and services (bop, current us$), annual growth rate in Iraq stood at -74.96 % change on previous year.
The figure is down 39.0% on the previous year and down 873.0% over ten years.
Over the whole period, net trade in goods and services (bop, current us$), annual growth rate in Iraq peaked at 756.24 % change on previous year in 2021 and was at its lowest, -125.26 % change on previous year, in 2020.
That places Iraq 179th out of 199 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services (BoP, current US$), annual growth rate in Iraq, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2006 | 427.23 % change on previous year | — |
| 2007 | 183.55 % change on previous year | -57.0% |
| 2008 | 47.05 % change on previous year | -74.4% |
| 2009 | -107.98 % change on previous year | -329.5% |
| 2010 | 432.66 % change on previous year | -500.7% |
| 2011 | 315.39 % change on previous year | -27.1% |
| 2012 | 9.25 % change on previous year | -97.1% |
| 2013 | -34.46 % change on previous year | -472.4% |
| 2014 | -7.7 % change on previous year | -77.6% |
| 2015 | -108.8 % change on previous year | +1312.3% |
| 2016 | 251.68 % change on previous year | -331.3% |
| 2017 | 458.29 % change on previous year | +82.1% |
| 2018 | 131.39 % change on previous year | -71.3% |
| 2019 | -52.59 % change on previous year | -140.0% |
| 2020 | -125.26 % change on previous year | +138.2% |
| 2021 | 756.24 % change on previous year | -703.7% |
| 2022 | 110.2 % change on previous year | -85.4% |
| 2023 | -53.95 % change on previous year | -149.0% |
| 2024 | -74.96 % change on previous year | +39.0% |
Iraq compared with similar countries
- Iraq's -74.96 % change on previous year is below the median for upper middle income countries, which is -7.86 % change on previous year, 9.5× the median. (57 countries reporting)
- Iraq's -74.96 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -11.82 % change on previous year, 6.3× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services (BoP, current US$), annual growth rate in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | -1312.3% | -7.7 % change on previous year | -108.8 % change on previous year |
| 2021 | +703.7% | -125.26 % change on previous year | 756.24 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 137.47 % change on previous year | -107.98 % change on previous year | 427.23 % change on previous year | 4 |
| 2010s | 139.51 % change on previous year | -108.8 % change on previous year | 458.29 % change on previous year | 10 |
| 2020s | 122.45 % change on previous year | -125.26 % change on previous year | 756.24 % change on previous year | 5 |
Countries ranked near Iraq
- 176 Benin -63.8 % change on previous year compare
- 177 Saint Kitts and Nevis -65.64 % change on previous year compare
- 178 Sint Maarten (Dutch part) -71.86 % change on previous year compare
- 180 Argentina -75.23 % change on previous year compare
- 181 France -77.31 % change on previous year compare
- 182 Australia -77.74 % change on previous year compare
More economy & growth data for Iraq
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.44 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.56 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services (bop, current us$), annual growth rate in Iraq?
- Net trade in goods and services (bop, current us$), annual growth rate in Iraq was -74.96 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net trade in goods and services (bop, current us$), annual growth rate recorded in Iraq?
- The highest recorded value was 756.24 % change on previous year in 2021.
- What is the lowest net trade in goods and services (bop, current us$), annual growth rate recorded in Iraq?
- The lowest recorded value was -125.26 % change on previous year in 2020.
- How does Iraq rank for net trade in goods and services (bop, current us$), annual growth rate?
- Iraq ranks 179th out of 199 countries with data for 2024.
- Is net trade in goods and services (bop, current us$), annual growth rate rising or falling in Iraq?
- Over the last ten years it is down 873.0%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Statizoid (derived), published as part of Net trade in goods and services (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net trade in goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.