Iraq inflation rate for 2023 was 4.36%, a 0.64% decline from 2022.

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<li>Iraq inflation rate for 2022 was <strong>4.99%</strong>, a <strong>1.05% decline</strong> from 2021.</li>
<li>Iraq inflation rate for 2021 was <strong>6.04%</strong>, a <strong>5.47% increase</strong> from 2020.</li>
<li>Iraq inflation rate for 2020 was <strong>0.57%</strong>, a <strong>0.77% increase</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

In 2024, the average inflation rate in Iraq was estimated at about 2.58 percent. Between 2005 and 2024, the figure dropped by approximately 34.38 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the inflation will rise by around 0.42 percentage points, showing an overall upward trend with periodic ups and downs.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

Inflation Rate in Iraq remained unchanged at 1.50 percent in May. This dataset provides the latest reported value for - Iraq Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Price Index CPI in Iraq decreased to 107.90 points in April from 108.20 points in March of 2025. This dataset provides the latest reported value for - Iraq Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Iraq GNP for 2023 was 254.32 billion US dollars, a 5.05% increase from 2022.

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<li>Iraq GNP for 2022 was <strong>242.09 billion US dollars</strong>, a <strong>18.64% increase</strong> from 2021.</li>
<li>Iraq GNP for 2021 was <strong>204.05 billion US dollars</strong>, a <strong>2.73% increase</strong> from 2020.</li>
<li>Iraq GNP for 2020 was <strong>198.64 billion US dollars</strong>, a <strong>12.58% decline</strong> from 2019.</li>
</ul>GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.