Total reserves in months of imports in Iraq
Iraq: Total reserves in months of imports was 11.21 in 2024. ▲ Rising
Total reserves in months of imports in Iraq, 2005–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2024, total reserves in months of imports in Iraq stood at 11.21.
Compared with earlier readings it is down 29.4% on the previous year and down 1.0% over ten years.
Over the whole period, total reserves in months of imports in Iraq peaked at 16.27 in 2022 and was at its lowest, 4.68, in 2005.
That places Iraq 15th out of 178 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Total reserves in months of imports in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 4.68 | — |
| 2006 | 8.31 | +77.7% |
| 2007 | 14.26 | +71.5% |
| 2008 | 15.87 | +11.3% |
| 2009 | 12.05 | -24.1% |
| 2010 | 12.74 | +5.8% |
| 2011 | 13.78 | +8.1% |
| 2012 | 13.09 | -5.0% |
| 2013 | 12.8 | -2.2% |
| 2014 | 11.33 | -11.5% |
| 2015 | 10.8 | -4.6% |
| 2016 | 11.81 | +9.4% |
| 2017 | 11.74 | -0.6% |
| 2018 | 12.99 | +10.6% |
| 2019 | 10.86 | -16.4% |
| 2020 | 11.35 | +4.5% |
| 2021 | 14.47 | +27.5% |
| 2022 | 16.27 | +12.4% |
| 2023 | 15.87 | -2.4% |
| 2024 | 11.21 | -29.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.03 | 4.68 | 15.87 | 5 |
| 2010s | 12.19 | 10.8 | 13.78 | 10 |
| 2020s | 13.83 | 11.21 | 16.27 | 5 |
Countries ranked near Iraq
More financial sector data for Iraq
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -12.95 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.2373 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,441 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -12.87 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 1,450 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate -7.7 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 1,677 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate -7.63 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 1,678 SDR per person (2024)
- Total reserves in months of imports, annual growth rate -29.4 % change on previous year (2024)
Frequently asked questions
- What is total reserves in months of imports in Iraq?
- Total reserves in months of imports in Iraq was 11.21 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest total reserves in months of imports recorded in Iraq?
- The highest recorded value was 16.27 in 2022.
- What is the lowest total reserves in months of imports recorded in Iraq?
- The lowest recorded value was 4.68 in 2005.
- How does Iraq rank for total reserves in months of imports?
- Iraq ranks 15th out of 178 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Iraq?
- Over the last ten years it is down 1.0%. The long-run trend across the full record is rising.
- Where does this Iraq data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].