Goods balance (credit less debit), Net (credits less debits) (US) in Iraq
Iraq: Goods balance (credit less debit), Net (credits less debits) (US) was 26.69 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Iraq, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, goods balance (credit less debit), net (credits less debits) in Iraq stood at 26.69 billion.
That represents a change of down 38.2% on the previous year and down 24.9% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Iraq peaked at 71.13 billion in 2022 and was at its lowest, 3.70 billion, in 2005.
That places Iraq 21st 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.
Goods balance (credit less debit), Net (credits less debits) (US) in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 3.70 billion | — |
| 2006 | 11.82 billion | +219.9% |
| 2007 | 22.96 billion | +94.3% |
| 2008 | 33.97 billion | +47.9% |
| 2009 | 4.14 billion | -87.8% |
| 2010 | 14.43 billion | +248.2% |
| 2011 | 39.05 billion | +170.6% |
| 2012 | 44.05 billion | +12.8% |
| 2013 | 36.77 billion | -16.5% |
| 2014 | 35.56 billion | -3.3% |
| 2015 | 10.99 billion | -69.1% |
| 2016 | 12.22 billion | +11.2% |
| 2017 | 25.37 billion | +107.6% |
| 2018 | 47.48 billion | +87.1% |
| 2019 | 32.17 billion | -32.3% |
| 2020 | 5.81 billion | -81.9% |
| 2021 | 38.36 billion | +559.8% |
| 2022 | 71.13 billion | +85.4% |
| 2023 | 43.20 billion | -39.3% |
| 2024 | 26.69 billion | -38.2% |
Iraq compared with similar countries
- Iraq's 26.69 billion is above the median for upper middle income countries, which is -778.45 million. (54 countries reporting)
- Iraq's 26.69 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -3.29 billion. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.32 billion | 3.70 billion | 33.97 billion | 5 |
| 2010s | 29.81 billion | 10.99 billion | 47.48 billion | 10 |
| 2020s | 37.04 billion | 5.81 billion | 71.13 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 goods balance (credit less debit), net (credits less debits) in Iraq?
- Goods balance (credit less debit), net (credits less debits) in Iraq was 26.69 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Iraq?
- The highest recorded value was 71.13 billion in 2022.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Iraq?
- The lowest recorded value was 3.70 billion in 2005.
- How does Iraq rank for goods balance (credit less debit), net (credits less debits)?
- Iraq ranks 21st out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Iraq?
- Over the last ten years it is down 24.9%. 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 Goods 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.