Iraq: External debt

* indicates monthly or quarterly data series
 Iraq

External debt, percent of Gross National Income

 Latest value 8.58
 Year 2022
 Measure percent
 Data availability 2015 - 2022
 Average 12.59
 Min - Max 8.58 - 15.13
 Source The World Bank
For that indicator, we provide data for Iraq from 2015 to 2022. The average value for Iraq during that period was 12.59 percent with a minimum of 8.58 percent in 2022 and a maximum of 15.13 percent in 2017. The latest value from 2022 is 8.58 percent. For comparison, the world average in 2022 based on 111 countries is 56.66 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Iraq - External debt - recent values




The external debt of Iraq and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. 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.


 Related indicators Latest value Reference Measure
 Terms of trade 106.69 2021 percent
 Trade openness 62.10 2021 percent
 Exports, percent of GDP 37.68 2021 percent
 Exports, billion dollars 78.26 2021 billion U.S. dollars
 Growth of exports -13.29 2021 percent
 Imports, percent of GDP 24.41 2021 percent
 Imports, billion dollars 50.71 2021 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.79 2022 percent
 Foreign Direct Investment, billion dollars -2.09 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2021 million dollars (current)
 Current account, percent of GDP 7.76 2021 percent
 Current account, in dollars 58.01 2022 billion U.S. dollars
 Trade balance, percent of GDP 13.27 2021 percent
 Trade balance, in dollars 57.92 2022 billion U.S. dollars
 Reserves 97.01 2022 billion U.S. dollars
 Remittances, percent of GDP 0.24 2022 percent
 Remittances 789.40 2021 million U.S. dollars
 Net errors and omissions -3,289.00 2022 million USD
 External debt 8.58 2022 percent
 Short-term external debt 5.11 2022 percent
 Short-term debt to reserves 1.19 2022 percent
 Foreign exchange reserves 143,613.00 9/2023 billion
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