Iraq: Monetary freedom

The latest value from 2026 is 68.6 points, an increase from 67.1 points in 2023. In comparison, the world average is 69.93 points, based on data from 180 countries. Historically, the average for Iraq from 1996 to 2026 is 43.84 points. The minimum value, 0 points, was reached in 1996 while the maximum of 81.4 points was recorded in 2019. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The Monetary Freedom index for Iraq from The Heritage Foundation reflects the stability of prices in Iraq and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.

Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.