Iraq: Government debt

(measure: percent; Source: International Monetary Fund (IMF))
* indicates monthly or quarterly data series

Iraq: Government debt as percent of GDP

: For that indicator, we provide data for Iraq from 2004 to 2017. The average value for Iraq during that period was 97.68 percent with a minimum of 31.99 percent in 2013 and a maximum of 344.32 percent in 2004. The latest value from 2017 is 58.92 percent. For comparison, the world average in 2017 based on 184 countries is 56.05 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Download as:

The government debt in Iraq and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.

Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
This site uses cookies.
Learn more here