Terms of trade adjustment (constant LCU), annual growth rate in Iraq
Iraq: Terms of trade adjustment (constant LCU), annual growth rate was -42.66 % change on previous year in 2024. ◆ Volatile
Terms of trade adjustment (constant LCU), annual growth rate in Iraq, 2009–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, terms of trade adjustment (constant lcu), annual growth rate in Iraq stood at -42.66 % change on previous year.
That represents a change of up 73.3% on the previous year and up 69.6% over ten years.
Over the whole period, terms of trade adjustment (constant lcu), annual growth rate in Iraq peaked at 498.68 % change on previous year in 2011 and was at its lowest, -211.72 % change on previous year, in 2009.
Iraq ranks 144th of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment (constant LCU), annual growth rate in Iraq, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | -211.72 % change on previous year | — |
| 2010 | 73.3 % change on previous year | -134.6% |
| 2011 | 498.68 % change on previous year | +580.3% |
| 2012 | -20.34 % change on previous year | -104.1% |
| 2013 | -30.37 % change on previous year | +49.3% |
| 2014 | -140.15 % change on previous year | +361.4% |
| 2016 | -12.26 % change on previous year | -91.3% |
| 2017 | 24.97 % change on previous year | -303.7% |
| 2018 | 39.01 % change on previous year | +56.3% |
| 2019 | -26.53 % change on previous year | -168.0% |
| 2020 | -59.14 % change on previous year | +122.9% |
| 2021 | 87.01 % change on previous year | -247.1% |
| 2022 | 467.28 % change on previous year | +437.0% |
| 2023 | -159.92 % change on previous year | -134.2% |
| 2024 | -42.66 % change on previous year | -73.3% |
Iraq compared with similar countries
- Iraq's -42.66 % change on previous year is below the median for upper middle income countries, which is 4.12 % change on previous year. (48 countries reporting)
- Iraq's -42.66 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -29.99 % change on previous year, 1.4× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -211.72 % change on previous year | -211.72 % change on previous year | -211.72 % change on previous year | 1 |
| 2010s | 45.15 % change on previous year | -140.15 % change on previous year | 498.68 % change on previous year | 9 |
| 2020s | 58.51 % change on previous year | -159.92 % change on previous year | 467.28 % change on previous year | 5 |
Countries ranked near Iraq
- 141 Macao -38.63 % change on previous year compare
- 142 Cyprus -40.08 % change on previous year compare
- 143 Hong Kong -40.29 % change on previous year compare
- 145 Venezuela -43.35 % change on previous year compare
- 146 Iran -44.31 % change on previous year compare
- 147 Cote d'Ivoire -44.94 % 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 terms of trade adjustment (constant lcu), annual growth rate in Iraq?
- Terms of trade adjustment (constant lcu), annual growth rate in Iraq was -42.66 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest terms of trade adjustment (constant lcu), annual growth rate recorded in Iraq?
- The highest recorded value was 498.68 % change on previous year in 2011.
- What is the lowest terms of trade adjustment (constant lcu), annual growth rate recorded in Iraq?
- The lowest recorded value was -211.72 % change on previous year in 2009.
- How does Iraq rank for terms of trade adjustment (constant lcu), annual growth rate?
- Iraq ranks 144th out of 178 countries with data for 2024.
- Is terms of trade adjustment (constant lcu), annual growth rate rising or falling in Iraq?
- Over the last ten years it is up 69.6%. 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 Terms of trade adjustment (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Terms of trade adjustment Country official statistics, National Statistical Organizations and/or Central Banks
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 Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.