Iraq: Savings, percent of GDP
* indicates monthly or quarterly data series
| Iraq |
Savings as percent of GDP |
|---|---|
| Latest value | 32.01 |
| Year | 2024 |
| Measure | percent |
| Data availability | 2005 - 2024 |
| Average | 38.66 |
| Min - Max | 24.03 - 54.54 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 32.01 percent, a decline from 41.06 percent in 2023. In comparison, the world average is 22.67 percent, based on data from 143 countries. Historically, the average for Iraq from 2005 to 2024 is 38.66 percent. The minimum value, 24.03 percent, was reached in 2020 while the maximum of 54.54 percent was recorded in 2022.
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
| Recent values | Iraq: Savings, percent of GDP |
|---|---|
| 2024 | 32.01 |
| 2023 | 41.06 |
| 2022 | 54.54 |
| 2021 | 40.51 |
| 2020 | 24.03 |
| 2019 | 37.35 |
| 2018 | 40.28 |
| 2017 | 32.10 |
The savings in Iraq and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Other resources:
Download data from our database
All indicators for Iraq
All indicators on the website
Article: Are trade deficits bad for the economy?
Article: Sources of economic growth
Article: Currency values and investment returns
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 45.39 | 2025 | percent |
| Share of manufacturing | 4.00 | 2025 | percent |
| Share of services | 52.27 | 2025 | percent |
| Industry value added | 115.46 | 2025 | billion U.S. dollars |
| Manufacturing value added | 10.17 | 2025 | billion U.S. dollars |
| Services value added | 132.96 | 2025 | billion U.S. dollars |
| Savings, percent of GDP | 32.01 | 2024 | percent |
| Savings, in dollars | 89.52 | 2024 | billion U.S. dollars |