Iraq: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Iraq

Fiscal balance, percent of GDP

 Latest value 11.68
 Year 2022
 Measure percent
 Data availability 2004 - 2022
 Average 5.7
 Min - Max -6.43 - 19.21
 Source Central Bank of Iraq
For that indicator, we provide data for Iraq from 2004 to 2022. The average value for Iraq during that period was 5.7 percent with a minimum of -6.43 percent in 2016 and a maximum of 19.21 percent in 2005. The latest value from 2022 is 11.68 percent. For comparison, the world average in 2022 based on 148 countries is -2.67 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 - Fiscal balance, percent of GDP - recent values

Historical chart
Iraq - Fiscal balance, percent of GDP - historical chart - 2004-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.89 2021 percent
 Government spending, in dollars 37.15 2021 billion U.S. dollars
 Fiscal balance, percent of GDP 11.68 2022 percent
 Government debt 58.92 2017 percent
 Tax revenue 1.34 2019 percent
 Commercial tax rate 30.80 2019 percent
 Tax preparation time 312 2019 hours
 Number of taxes 15 2019 taxes
 Taxes on goods and services 0.35 2019 percent
 Taxes on international trade 0.89 2019 percent
 Income and profits taxes 1.99 2019 percent
 Foreign aid 1,809.38 2021 million U.S. dollars
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