Current account balance (credit less debit), Percent of GDP (Balance) in Iraq
Iraq: Current account balance (credit less debit), Percent of GDP (Balance) was 0.8662 in 2030. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Iraq, 2004–2030
Source: International Monetary Fund.
Analysis
Iraq recorded 0.8662 for current account balance (credit less debit), percent of gdp (balance) in 2030.
Compared with earlier readings it is up 165.1% on the previous year and up 115.4% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Iraq peaked at 15.78 in 2022 and was at its lowest, -8.31, in 2004.
Iraq ranks 9th of 32 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP (Balance) in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | -8.31 | — |
| 2005 | 13.55 | -263.1% |
| 2006 | 3.45 | -74.6% |
| 2007 | -0.3371 | -109.8% |
| 2008 | 15.2 | -4607.8% |
| 2009 | -7.06 | -146.4% |
| 2010 | 2.76 | -139.1% |
| 2011 | 11.4 | +313.2% |
| 2012 | 6.44 | -43.5% |
| 2013 | 6.86 | +6.5% |
| 2014 | 6.76 | -1.5% |
| 2015 | -3.93 | -158.2% |
| 2016 | -4.01 | +1.9% |
| 2017 | 1.4 | -135.0% |
| 2018 | 10.46 | +645.9% |
| 2019 | 6.15 | -41.2% |
| 2020 | -5.62 | -191.4% |
| 2021 | 6.09 | -208.3% |
| 2022 | 15.78 | +159.2% |
| 2023 | 7.54 | -52.2% |
| 2024 | -0.2329 | -103.1% |
| 2025 | 0.4208 | -280.7% |
| 2026 | -1.08 | -356.4% |
| 2027 | -0.47 | -56.4% |
| 2028 | -0.0088 | -98.1% |
| 2029 | 0.3267 | -3798.3% |
| 2030 | 0.8662 | +165.1% |
Iraq compared with similar countries
- Iraq's 0.8662 is above the median for upper middle income countries, which is -2.68. (10 countries reporting)
- Iraq's 0.8662 is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -0.3292. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +4607.8% | -0.3371 | 15.2 |
| 2029 | +3798.3% | -0.0088 | 0.3267 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.75 | -8.31 | 15.2 | 6 |
| 2010s | 4.43 | -4.01 | 11.4 | 10 |
| 2020s | 2.27 | -5.62 | 15.78 | 10 |
| 2030s | 0.8662 | 0.8662 | 0.8662 | 1 |
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), percent of gdp (balance) in Iraq?
- Current account balance (credit less debit), percent of gdp (balance) in Iraq was 0.8662 in 2030, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Iraq?
- The highest recorded value was 15.78 in 2022.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Iraq?
- The lowest recorded value was -8.31 in 2004.
- How does Iraq rank for current account balance (credit less debit), percent of gdp (balance)?
- Iraq ranks 9th out of 32 countries with data for 2030.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Iraq?
- Over the last ten years it is up 115.4%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.