Total debt service in Iraq
Iraq: Total debt service was 1.2% in 2024. ▲ Rising
Total debt service in Iraq, 2015–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for total debt service in Iraq is 1.2%, measured in 2024.
Compared with earlier readings it is down 26.8% on the previous year and up 6.5% over ten years.
Over the whole period, total debt service in Iraq peaked at 2.2% in 2020 and was at its lowest, 0.8%, in 2017.
That places Iraq 109th out of 121 countries with data for 2024, putting it in the bottom quarter.
Total debt service in Iraq, year by year
| Year | % of GNI | Change |
|---|---|---|
| 2015 | 1.1% | — |
| 2016 | 0.8% | -28.2% |
| 2017 | 0.8% | -4.0% |
| 2018 | 0.9% | +12.7% |
| 2019 | 1.2% | +31.3% |
| 2020 | 2.2% | +92.3% |
| 2021 | 2.0% | -11.6% |
| 2022 | 1.6% | -18.4% |
| 2023 | 1.7% | +2.7% |
| 2024 | 1.2% | -26.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.0% | 0.8% | 1.2% | 5 |
| 2020s | 1.7% | 1.2% | 2.2% | 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 (current US$), per unit of GDP 0.04 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 216.2 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 51.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 281,061 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0439 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 237.26 constant 2015 US$ per person (2025)
- 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)
Frequently asked questions
- What is total debt service in Iraq?
- Total debt service in Iraq was 1.2% 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 2.2% in 2020.
- What is the lowest total debt service recorded in Iraq?
- The lowest recorded value was 0.8% in 2017.
- How does Iraq rank for total debt service?
- Iraq ranks 109th out of 121 countries with data for 2024.
- Is total debt service rising or falling in Iraq?
- Over the last ten years it is up 6.5%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.