Total debt service in Iraq
Iraq: Total debt service was 3.0% in 2024. ▲ Rising
Total debt service in Iraq, 2015–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, total debt service in Iraq stood at 3.0%.
The figure is down 25.9% on the previous year and down 11.4% over ten years.
Over the whole period, total debt service in Iraq peaked at 7.8% in 2020 and was at its lowest, 2.2%, in 2018.
Iraq ranks 112th of 120 countries on this measure, in the bottom quarter.
Total debt service in Iraq, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 2015 | 3.3% | — |
| 2016 | 2.9% | -13.7% |
| 2017 | 2.3% | -20.5% |
| 2018 | 2.2% | -5.7% |
| 2019 | 3.0% | +38.9% |
| 2020 | 7.8% | +160.5% |
| 2021 | 5.2% | -32.9% |
| 2022 | 3.6% | -31.0% |
| 2023 | 4.0% | +10.6% |
| 2024 | 3.0% | -25.9% |
Iraq compared with similar countries
- Iraq's 3.0% is below the median for upper middle income countries, which is 14.4%, 21% of the median. (51 countries reporting)
- Iraq's 3.0% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 13.7%, 22% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.7% | 2.2% | 3.3% | 5 |
| 2020s | 4.7% | 3.0% | 7.8% | 5 |
Countries ranked near Iraq
- 109 Solomon Islands 3.6% compare
- 110 Sao Tome and Principe 3.5% compare
- 111 East Timor 3.1% compare
- 113 Sudan 3.0% compare
- 114 Guyana 2.9% compare
- 115 Afghanistan 2.7% 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 total debt service in Iraq?
- Total debt service in Iraq was 3.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Iraq?
- The highest recorded value was 7.8% in 2020.
- What is the lowest total debt service recorded in Iraq?
- The lowest recorded value was 2.2% in 2018.
- How does Iraq rank for total debt service?
- Iraq ranks 112th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Iraq?
- Over the last ten years it is down 11.4%. The long-run trend across the full record is rising.
- Where does this Iraq data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.