Services balance (credit less debit), Net (credits less debits) in Iraq
Iraq: Services balance (credit less debit), Net (credits less debits) was -20.01 billion in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Iraq, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Iraq is -20.01 billion, measured in 2024. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 21.1% on the previous year and down 31.4% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Iraq peaked at -4.00 billion in 2007 and was at its lowest, -20.01 billion, in 2024.
That places Iraq 190th out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -5.74 billion | — |
| 2006 | -5.13 billion | -10.6% |
| 2007 | -4.00 billion | -22.1% |
| 2008 | -6.08 billion | +52.0% |
| 2009 | -6.37 billion | +4.8% |
| 2010 | -7.03 billion | +10.4% |
| 2011 | -8.30 billion | +18.1% |
| 2012 | -10.46 billion | +26.0% |
| 2013 | -14.75 billion | +41.0% |
| 2014 | -15.24 billion | +3.3% |
| 2015 | -12.78 billion | -16.1% |
| 2016 | -9.51 billion | -25.6% |
| 2017 | -10.22 billion | +7.5% |
| 2018 | -12.43 billion | +21.6% |
| 2019 | -15.55 billion | +25.1% |
| 2020 | -10.01 billion | -35.6% |
| 2021 | -10.81 billion | +7.9% |
| 2022 | -13.21 billion | +22.2% |
| 2023 | -16.52 billion | +25.1% |
| 2024 | -20.01 billion | +21.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.46 billion | -6.37 billion | -4.00 billion | 5 |
| 2010s | -11.63 billion | -15.55 billion | -7.03 billion | 10 |
| 2020s | -14.11 billion | -20.01 billion | -10.01 billion | 5 |
Countries ranked near Iraq
More financial sector data for Iraq
- Total reserves in months of imports, annual growth rate -29.4 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -19.45 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.2102 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,137 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -19.12 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,148 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -6.89 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,529 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Iraq?
- Services balance (credit less debit), net (credits less debits) in Iraq was -20.01 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Iraq?
- The highest recorded value was -4.00 billion in 2007.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Iraq?
- The lowest recorded value was -20.01 billion in 2024.
- How does Iraq rank for services balance (credit less debit), net (credits less debits)?
- Iraq ranks 190th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Iraq?
- Over the last ten years it is down 31.4%. The long-run trend across the full record is falling.
- Where does this Iraq data come from?
- The figures come from International Monetary Fund, published as part of Services 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.