Current account balance (credit less debit), Net (credits less debits) in Iraq
Iraq: Current account balance (credit less debit), Net (credits less debits) was 8.37 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Iraq, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Iraq stood at 8.37 billion.
The figure is down 70.5% on the previous year and down 47.2% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Iraq peaked at 58.01 billion in 2022 and was at its lowest, -6.31 billion, in 2020.
That places Iraq 24th out of 198 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.
Current account balance (credit less debit), Net (credits less debits) in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -3.34 billion | — |
| 2006 | 2.68 billion | -180.4% |
| 2007 | 15.52 billion | +478.8% |
| 2008 | 28.44 billion | +83.3% |
| 2009 | -1.13 billion | -104.0% |
| 2010 | 6.49 billion | -674.9% |
| 2011 | 26.13 billion | +302.7% |
| 2012 | 29.54 billion | +13.1% |
| 2013 | 16.09 billion | -45.5% |
| 2014 | 15.86 billion | -1.5% |
| 2015 | -2.76 billion | -117.4% |
| 2016 | 2.16 billion | -178.1% |
| 2017 | 14.89 billion | +590.1% |
| 2018 | 34.37 billion | +130.8% |
| 2019 | 15.76 billion | -54.1% |
| 2020 | -6.31 billion | -140.0% |
| 2021 | 24.57 billion | -489.5% |
| 2022 | 58.01 billion | +136.1% |
| 2023 | 28.37 billion | -51.1% |
| 2024 | 8.37 billion | -70.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.44 billion | -3.34 billion | 28.44 billion | 5 |
| 2010s | 15.85 billion | -2.76 billion | 34.37 billion | 10 |
| 2020s | 22.60 billion | -6.31 billion | 58.01 billion | 5 |
Countries ranked near Iraq
More financial sector data for Iraq
- Net domestic credit (current LCU), per capita 1.71 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 280.79 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 41.67 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 196.49 million SDR (2025)
- Gold reserves at market value 17.90 billion SDR (2025)
- Reserves excluding gold, foreign exchange 53.46 billion SDR (2025)
- Reserves excluding gold 53.98 billion SDR (2025)
- Total reserves (gold at market value) 71.89 billion SDR (2025)
- Total reserves (gold at national valuation) 71.67 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,524 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Iraq?
- Current account balance (credit less debit), net (credits less debits) in Iraq was 8.37 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Iraq?
- The highest recorded value was 58.01 billion in 2022.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Iraq?
- The lowest recorded value was -6.31 billion in 2020.
- How does Iraq rank for current account balance (credit less debit), net (credits less debits)?
- Iraq ranks 24th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Iraq?
- Over the last ten years it is down 47.2%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.