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.

Historical chart and dataset showing Iraq GDP by year from 1960 to 2023.

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.

Iraq gdp growth rate for 2023 was -2.94%, a 10.58% decline from 2022.

<ul style='margin-top:20px;'>

<li>Iraq gdp growth rate for 2022 was <strong>7.64%</strong>, a <strong>6.14% increase</strong> from 2021.</li>
<li>Iraq gdp growth rate for 2021 was <strong>1.50%</strong>, a <strong>13.54% increase</strong> from 2020.</li>
<li>Iraq gdp growth rate for 2020 was <strong>-12.04%</strong>, a <strong>17.55% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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.

Graph and download economic data for Gross Domestic Product for Iraq (MKTGDPIQA646NWDB) from 1960 to 2023 about Iraq and GDP.

Iraq IQ: GDP: Growth: Gross Value Added: Industry data was reported at -3.296 % in 2017. This records a decrease from the previous number of 18.615 % for 2016. Iraq IQ: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 5.828 % from Dec 1969 (Median) to 2017, with 49 observations. The data reached an all-time high of 157.428 % in 1990 and a record low of -79.518 % in 1991. Iraq IQ: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iraq – Table IQ.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

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.

The gross domestic product (GDP) per capita in Iraq was estimated at about 6.25 thousand U.S. dollars in 2024. From 2003 to 2024, the GDP per capita rose by approximately 5.64 thousand 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 around 224.93 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).

GDP per capita growth (annual %) in Iraq was reported at --5.0965 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iraq - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Oil Real GDP Growth in Constant Prices for Iraq (IRQNGDPORPCHPT) from 2001 to 2025 about Iraq, REO, oil, real, GDP, and rate.

GDP (current US$) in Iraq was reported at 250842782139 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iraq - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Iraq IQ: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at -3.559 % in 2017. This records a decrease from the previous number of 7.757 % for 2016. Iraq IQ: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 1.726 % from Dec 1969 (Median) to 2017, with 49 observations. The data reached an all-time high of 53.944 % in 1990 and a record low of -64.996 % in 1991. Iraq IQ: GDP: Growth:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iraq – Table IQ.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Historical chart and dataset showing Iraq GDP per capita by year from 1960 to 2023.

Iraq IQ: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 5.900 % in 2016. This records an increase from the previous number of -25.700 % for 2015. Iraq IQ: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 5.154 % from Dec 1969 (Median) to 2016, with 48 observations. The data reached an all-time high of 913.135 % in 1980 and a record low of -61.930 % in 1991. Iraq IQ: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iraq – Table IQ.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

GDP per capita (constant 2015 US$) in Iraq was reported at 4176 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iraq - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Iraq: Percent of world GDP: The latest value from 2023 is 0.24 percent, a decline from 0.29 percent in 2022. In comparison, the world average is 0.54 percent, based on data from 184 countries. Historically, the average for Iraq from 1980 to 2023 is 0.22 percent. The minimum value, 0 percent, was reached in 1991 while the maximum of 0.79 percent was recorded in 1990.

Iraq: Economic growth: the rate of change of real GDP: The latest value from 2023 is -2.94 percent, a decline from 7.64 percent in 2022. In comparison, the world average is 3.43 percent, based on data from 184 countries. Historically, the average for Iraq from 1961 to 2023 is 6.95 percent. The minimum value, -64.05 percent, was reached in 1991 while the maximum of 57.82 percent was recorded in 1990.