Service imports (BoP, current US$), annual growth rate in Iraq
Iraq: Service imports (BoP, current US$), annual growth rate was 19.79 % change on previous year in 2024. ◆ Volatile
Service imports (BoP, current US$), annual growth rate in Iraq, 2006–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, service imports (bop, current us$), annual growth rate in Iraq stood at 19.79 % change on previous year.
That represents a change of up 47.7% on the previous year and up 174.6% over ten years.
Over the whole period, service imports (bop, current us$), annual growth rate in Iraq peaked at 55.62 % change on previous year in 2008 and was at its lowest, -39.58 % change on previous year, in 2020.
That places Iraq 27th out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$), annual growth rate in Iraq, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2006 | -9.92 % change on previous year | — |
| 2007 | -11.37 % change on previous year | +14.7% |
| 2008 | 55.62 % change on previous year | -589.1% |
| 2009 | 13.09 % change on previous year | -76.5% |
| 2010 | 15.19 % change on previous year | +16.0% |
| 2011 | 12.78 % change on previous year | -15.8% |
| 2012 | 19.48 % change on previous year | +52.4% |
| 2013 | 32.05 % change on previous year | +64.5% |
| 2014 | 7.21 % change on previous year | -77.5% |
| 2015 | -5.33 % change on previous year | -174.0% |
| 2016 | -15.57 % change on previous year | +192.1% |
| 2017 | 8.18 % change on previous year | -152.5% |
| 2018 | 10.64 % change on previous year | +30.2% |
| 2019 | 27.03 % change on previous year | +153.9% |
| 2020 | -39.58 % change on previous year | -246.4% |
| 2021 | 15.71 % change on previous year | -139.7% |
| 2022 | 39.17 % change on previous year | +149.4% |
| 2023 | 13.4 % change on previous year | -65.8% |
| 2024 | 19.79 % change on previous year | +47.7% |
Iraq compared with similar countries
- Iraq's 19.79 % change on previous year is above the median for upper middle income countries, which is 7.47 % change on previous year, 2.6× the median. (57 countries reporting)
- Iraq's 19.79 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 5.82 % change on previous year, 3.4× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.85 % change on previous year | -11.37 % change on previous year | 55.62 % change on previous year | 4 |
| 2010s | 11.16 % change on previous year | -15.57 % change on previous year | 32.05 % change on previous year | 10 |
| 2020s | 9.7 % change on previous year | -39.58 % change on previous year | 39.17 % change on previous year | 5 |
Countries ranked near Iraq
- 24 Moldova 21.01 % change on previous year compare
- 25 Latvia 20.64 % change on previous year compare
- 26 Bangladesh 19.92 % change on previous year compare
- 28 Israel 19.66 % change on previous year compare
- 29 North Macedonia 18.93 % change on previous year compare
- 30 Romania 18.88 % 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$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is service imports (bop, current us$), annual growth rate in Iraq?
- Service imports (bop, current us$), annual growth rate in Iraq was 19.79 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), annual growth rate recorded in Iraq?
- The highest recorded value was 55.62 % change on previous year in 2008.
- What is the lowest service imports (bop, current us$), annual growth rate recorded in Iraq?
- The lowest recorded value was -39.58 % change on previous year in 2020.
- How does Iraq rank for service imports (bop, current us$), annual growth rate?
- Iraq ranks 27th out of 199 countries with data for 2024.
- Is service imports (bop, current us$), annual growth rate rising or falling in Iraq?
- Over the last ten years it is up 174.6%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Statizoid (derived), published as part of Service imports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.