Iraq: Reserves

* indicates monthly or quarterly data series
 Iraq

Foreign exchange reserves including gold, billion USD

 Latest value 97.01
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 19
 Min - Max 0.19 - 97.01
 Source The World Bank
For that indicator, we provide data for Iraq from 1960 to 2022. The average value for Iraq during that period was 19 billion U.S. dollars with a minimum of 0.19 billion U.S. dollars in 1962 and a maximum of 97.01 billion U.S. dollars in 2022. The latest value from 2022 is 97.01 billion U.S. dollars. For comparison, the world average in 2022 based on 145 countries is 96.00 billion U.S. dollars. 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 - Reserves - recent values

Historical chart
Iraq - Reserves - historical chart - 1960-2022




The reserves of Iraq and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.


 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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