Iraq: Monetary freedom

The latest value from 2023 is 67.1 points, a decline from 77 points in 2021. In comparison, the world average is 72.44 points, based on data from 176 countries. Historically, the average for Iraq from 1996 to 2023 is 42.29 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 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.