Trade in services in Iraq
Iraq: Trade in services was 14.5% in 2024. ▲ Rising
Trade in services in Iraq, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Iraq is 14.5%, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 14.6% on the previous year and up 47.4% over ten years.
Over the whole period, trade in services in Iraq peaked at 14.5% in 2024 and was at its lowest, 6.5%, in 2007.
Iraq ranks 135th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Trade in services in Iraq, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 12.9% | — |
| 2006 | 9.0% | -30.3% |
| 2007 | 6.5% | -28.1% |
| 2008 | 6.9% | +6.8% |
| 2009 | 9.6% | +39.8% |
| 2010 | 9.2% | -4.8% |
| 2011 | 7.5% | -18.1% |
| 2012 | 7.4% | -1.5% |
| 2013 | 8.7% | +17.3% |
| 2014 | 9.8% | +13.0% |
| 2015 | 13.7% | +39.7% |
| 2016 | 12.3% | -9.9% |
| 2017 | 11.9% | -3.4% |
| 2018 | 10.4% | -13.0% |
| 2019 | 12.9% | +24.6% |
| 2020 | 9.7% | -24.6% |
| 2021 | 10.1% | +3.6% |
| 2022 | 10.9% | +7.9% |
| 2023 | 12.6% | +15.9% |
| 2024 | 14.5% | +14.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.0% | 6.5% | 12.9% | 5 |
| 2010s | 10.4% | 7.4% | 13.7% | 10 |
| 2020s | 11.6% | 9.7% | 14.5% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 24.81 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3533 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 2,146 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -74.66 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -74.96 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -8.53 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 44.38 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 240,070 current LCU per person (2025)
Frequently asked questions
- What is trade in services in Iraq?
- Trade in services in Iraq was 14.5% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Iraq?
- The highest recorded value was 14.5% in 2024.
- What is the lowest trade in services recorded in Iraq?
- The lowest recorded value was 6.5% in 2007.
- How does Iraq rank for trade in services?
- Iraq ranks 135th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Iraq?
- Over the last ten years it is up 47.4%. The long-run trend across the full record is rising.
- Where does this Iraq data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.