Iraq: Current account, in dollars
* indicates monthly or quarterly data series
| Iraq |
Current account balance, billion USD |
|---|---|
| Latest value | 28.37 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 2005 - 2023 |
| Average | 16.07 |
| Min - Max | -6.31 - 58.01 |
| Source | The World Bank |
The latest value from 2023 is 28.37 billion U.S. dollars, a decline from 58.01 billion U.S. dollars in 2022. In comparison, the world average is 8.29 billion U.S. dollars, based on data from 82 countries. Historically, the average for Iraq from 2005 to 2023 is 16.07 billion U.S. dollars. The minimum value, -6.31 billion U.S. dollars, was reached in 2020 while the maximum of 58.01 billion U.S. dollars was recorded in 2022.
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Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 121.90 | 2023 | percent |
| Trade openness | 74.74 | 2024 | percent |
| Financial openness | -1.248 | 2002 | index points |
| Exports, percent of GDP | 37.51 | 2024 | percent |
| Exports, billion dollars | 104.89 | 2024 | billion U.S. dollars |
| Growth of exports | -0.14 | 2024 | percent |
| Imports, percent of GDP | 37.23 | 2024 | percent |
| Imports, billion dollars | 104.11 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | -1.99 | 2023 | percent |
| Foreign Direct Investment, billion dollars | -7.46 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -6.10 | 2023 | million dollars (current) |
| Current account, percent of GDP | 2.99 | 2024 | percent |
| Current account, in dollars | 28.37 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 0.28 | 2024 | percent |
| Trade balance, in dollars | 26.67 | 2023 | billion U.S. dollars |
| Reserves | 100.69 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 0.35 | 2023 | percent |
| Remittances | 1,161.70 | 2023 | million U.S. dollars |
| Net errors and omissions | -7,663.74 | 2024 | million USD |
| External debt | 7.51 | 2023 | percent |
| Short-term external debt | 4.78 | 2023 | percent |
| Short-term debt to reserves | 0.87 | 2023 | percent |