Current account balance (credit less debit), Net (credits less) in Iraq
Iraq: Current account balance (credit less debit), Net (credits less) 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) 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% |
Iraq compared with similar countries
- Iraq's 8.37 billion is above the median for upper middle income countries, which is -494.28 million. (54 countries reporting)
- Iraq's 8.37 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 94.83 million, 88.2× the median. (20 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 8.44 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 6.17 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 8.44 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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.