Iraq: Gross Domestic Product, billions of U.S. dollars: For that indicator, The World Bank provides data for Iraq from 1960 to 2016. The average value for Iraq during that period was 65.48 billion U.S. dollars with a minumum of 1.68 billion U.S. dollars in 1960 and a maximum of 234.65 billion U.S. dollars in 2013. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.