Iraq: Industry value added

The latest value from 2024 is 144.22 billion U.S. dollars, a decline from 145.09 billion U.S. dollars in 2023. In comparison, the world average is 168.28 billion U.S. dollars, based on data from 150 countries. Historically, the average for Iraq from 1968 to 2024 is 47.14 billion U.S. dollars. The minimum value, 0.21 billion U.S. dollars, was reached in 1991 while the maximum of 187.57 billion U.S. dollars was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.