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Iraq

Headline economic indicators for Iraq, with the most recent official readings.

Prices

Prices — Iraq
Indicator Value Change
Inflation rate · 0.3% -2.31 (-88.4%)
Consumer price index · 143.6 +0.43 (+0.3%)
GDP deflator inflation · -7.0% -11.40 (-261.0%)

GDP

GDP — Iraq
Indicator Value Change
GDP growth rate · -2.2% -0.61 (-39.5%)
GDP per capita · 5,409.68 -663.93 (-10.9%)
GDP per capita, long-run history · 13,072 +716.35 (+5.8%)
GDP · 254,367,293,538.46 -25,273,964,077 (-9.0%)
GDP, PPP · 670,835,815,568 +3,902,269,530 (+0.6%)
GDP per capita, PPP · 14,267 -218.53 (-1.5%)
GDP per capita growth · -4.2% -0.58 (-16.0%)
GNI per capita · 5,690 -340.00 (-5.6%)
Agriculture to GDP · 3.4% +0.02 (+0.6%)
Industry to GDP · 45.4% -6.18 (-12.0%)
Manufacturing to GDP · 4.0% -0.09 (-2.2%)
Services to GDP · 52.3% +6.51 (+14.2%)
Household consumption to GDP · 46.4% +5.51 (+13.5%)
Gross capital formation to GDP · 19.1% -1.15 (-5.7%)
Gross savings to GDP · 32.0% -9.05 (-22.0%)

Labour

Labour — Iraq
Indicator Value Change
Unemployment rate · 15.5% +0.19 (+1.3%)
Labour force participation rate · 41.5% -0.02 (-0.1%)
Female labour force participation rate · 10.9% -0.07 (-0.6%)
Youth unemployment rate · 32.0% +0.29 (+0.9%)
Employment to population ratio · 35.1% -0.10 (-0.3%)
Employment in agriculture · 8.2% -0.01 (-0.1%)
Employment in industry · 26.5% -0.23 (-0.9%)
Employment in services · 65.3% +0.24 (+0.4%)

Money

Money — Iraq
Indicator Value Change
Real interest rate · 57.6% +39.34 (+215.1%)
Broad money to GDP · 47.9% -3.28 (-6.4%)
Private sector credit to GDP · 14.0% +1.44 (+11.5%)
Lending rate · 12.3% -0.31 (-2.5%)
Bank deposit rate · 4.9% -0.30 (-5.8%)
Bank nonperforming loans · 16.5% +1.88 (+12.8%)
Official exchange rate · 1,300 +0.00 (+0.0%)

Trade

Trade — Iraq
Indicator Value Change
Current account to GDP · 1.9% -1.06 (-35.3%)
Exports to GDP · 39.8% +0.13 (+0.3%)
Imports to GDP · 37.4% +7.55 (+25.3%)
Trade to GDP · 77.1% +7.68 (+11.1%)
Exports of goods and services · 111,195,200,000 +4,634,325,974 (+4.3%)
Imports of goods and services · 104,517,100,000 +24,309,644,176 (+30.3%)
Trade balance, goods and services (annual) · 4,593,670,000 -2,084,430,000 (-31.2%)
Current account balance (annual) · 4,922,770,000 -3,443,730,000 (-41.2%)
Foreign direct investment to GDP · -3.0% -0.26 (-9.5%)
Remittances received to GDP · 0.3% +0.05 (+19.5%)
Total reserves, including gold · 98,450,303,284.42 -2,240,651,497 (-2.2%)
Reserves in months of imports · 11.6 +0.39 (+3.5%)
External debt to GNI · 6.2% -1.30 (-17.3%)

Government

Government — Iraq
Indicator Value Change
Government debt to GDP · 27.4% -8.42 (-23.5%)
Government revenue to GDP · 38.6% -0.46 (-1.2%)
Government expense to GDP · 27.6% +3.13 (+12.8%)
Tax revenue to GDP · 1.3% -0.64 (-32.2%)
Government budget balance to GDP · 2.0% -7.42 (-78.8%)
Government consumption to GDP · 22.2% +3.51 (+18.8%)
Education spending to GDP · 3.6% +1.13 (+46.5%)
Health spending to GDP · 5.5% +1.20 (+27.7%)

Demography

Demography — Iraq
Indicator Value Change
Population · 47,020,774 +978,759 (+2.1%)
Population, long-run history · 40,364 +873.15 (+2.2%)
Population growth · 2.1% -0.02 (-1.0%)
Life expectancy · 72.4 +0.10 (+0.1%)
Fertility rate · 3.22 -0.03 (-0.9%)
Birth rate · 25.6 -0.15 (-0.6%)
Death rate · 4.2 +0.03 (+0.8%)
Urban population share · 69.9% +0.05 (+0.1%)
Population aged 65 and over · 3.4% +0.03 (+1.0%)
Under-five mortality rate · 21.8 -0.70 (-3.1%)
Population density · 106.1 +2.23 (+2.1%)
Net migration · -1,064 +16,671 (+94.0%)
Gini index · 29.8 +0.30 (+1.0%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Iraq

Economies nearby

Comparable readings from neighbouring economies.