Iraq: Exports, percent of GDP

* indicates monthly or quarterly data series
 Iraq

Exports of goods and services as percent of GDP

 Latest value 37.68
 Year 2021
 Measure percent
 Data availability 1970 - 2021
 Average 39.45
 Min - Max 0.01 - 77.90
 Source The World Bank
For that indicator, we provide data for Iraq from 1970 to 2021. The average value for Iraq during that period was 39.45 percent with a minimum of 0.01 percent in 1995 and a maximum of 77.9 percent in 1998. The latest value from 2021 is 37.68 percent. For comparison, the world average in 2021 based on 160 countries is 43.76 percent. 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 - Exports, percent of GDP - Recent values chart

Historical chart
Iraq - Exports, percent of GDP - historical chart - 1970-2021




The exports of Iraq and other countries are calculated as the total amount of goods and services produced at home and sold abroad. Exports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If exports are about 15 percent or less of GDP the economy is considered relatively closed as only 15 percent of its products are sold internationally. That, for example, applies to the U.S. In contrast, many small European countries export over 40 percent of their production. They are considered more open to international trade.
Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

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 Related indicators Latest value Reference Measure
 Terms of trade 106.69 2021 percent
 Trade openness 62.10 2021 percent
 Financial openness -1.242 2002 index points
 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 16.80 2022 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 624.00 2022 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 143,614.00 9/2023 billion
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