The Gross Domestic Product (GDP) in Iraq was worth 279.64 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iraq represents 0.26 percent of the world economy. This dataset provides the latest reported value for - Iraq GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) in current prices in Iraq was estimated at about 277.48 billion U.S. dollars in 2024. From 2000 to 2024, the GDP rose by approximately 251.50 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP will rise by around 53.98 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Iraq contracted 1.50 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Iraq GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the growth of the real gross domestic product (GDP) in Iraq was estimated at about 0.34 percent. Between 2001 and 2024, the figure dropped by approximately 1.43 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 3.81 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The Gross Domestic Product per capita in Iraq was last recorded at 4180.30 US dollars in 2024. The GDP per Capita in Iraq is equivalent to 33 percent of the world's average. This dataset provides - Iraq GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) per capita in Iraq stood at 6,276.53 U.S. dollars in 2024. From 2003 to 2024, the GDP per capita rose by 5,667.87 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by 477.97 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

The Gross Domestic Product per capita in Iraq was last recorded at 12725.04 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Iraq, when adjusted by Purchasing Power Parity is equivalent to 72 percent of the world's average. This dataset provides - Iraq GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product for Iraq (MKTGDPIQA646NWDB) from 1960 to 2024 about Iraq and GDP.

Iraq: GDP per capita, current U.S. dollars: The latest value from 2024 is 6073.61 U.S. dollars, an increase from 5965.32 U.S. dollars in 2023. In comparison, the world average is 19439.19 U.S. dollars, based on data from 176 countries. Historically, the average for Iraq from 1960 to 2024 is 2555.75 U.S. dollars. The minimum value, 22.95 U.S. dollars, was reached in 1991 while the maximum of 10261.42 U.S. dollars was recorded in 1990.

Actual value and historical data chart for Iraq GDP Us Dollar

In 2024, the ratio of national debt to gross domestic product (GDP) of Iraq was 46.46 percent. Between 2004 and 2024, the figure dropped by 297.86 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the ratio will steadily grow by 23.37 percentage points from 2024 to 2030.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Yearly (annual) dataset of the Iraq GDP, including historical data, latest releases, and long-term trends from 1960-12-31 to 2024-12-31. Available for free download in CSV format.

Yearly (annual) dataset of the Iraq GDP per Capita PPP, including historical data, latest releases, and long-term trends from 1990-12-31 to 2024-12-31. Available for free download in CSV format.

GDP Constant Prices in Iraq increased to 96336274.40 IQD Million in the fourth quarter of 2024 from 90546010.20 IQD Million in the third quarter of 2024. This dataset provides - Iraq GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Actual value and historical data chart for Iraq GDP Per Capita Growth Annual Percent

In 2024, the ratio of government expenditure to GDP in Iraq was estimated at about 40.41 percent. Between 2004 and 2024, the figure dropped by approximately 51.04 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by around 0.88 percentage points, showing an overall upward trend with periodic ups and downs.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Monthly and long-term Iraq GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

Iraq: Household consumption as percent of GDP: The latest value from 2024 is 41.22 percent, an increase from 39.78 percent in 2023. In comparison, the world average is 66.87 percent, based on data from 102 countries. Historically, the average for Iraq from 1970 to 2024 is 41.71 percent. The minimum value, 13.54 percent, was reached in 2000 while the maximum of 94.29 percent was recorded in 1991.

GDP deflator of Iraq plummeted by 128.13% from -15.5 % in 2023 to 4.4 % in 2024. Since the 319.53% surge in 2020, GDP deflator sank by 138.94% in 2024. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

The share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Iraq was estimated at approximately 0.35 percent in 2024. Between 2000 and 2024, the share rose by around 0.03 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The share will exhibit significant fluctuations over the period from 2024 to 2030, but it will ultimately end at the same level it started.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.