Iraq: Trade openness

* indicates monthly or quarterly data series
 Iraq

Trade openness: exports plus imports as percent of GDP

 Latest value 68.93
 Year 2022
 Measure percent
 Data availability 1970 - 2022
 Average 71.49
 Min - Max 0.02 - 154.23
 Source The World Bank
The latest value from 2022 is 68.93 percent, an increase from 61.5 percent in 2021. In comparison, the world average is 101.04 percent, based on data from 169 countries. Historically, the average for Iraq from 1970 to 2022 is 71.49 percent. The minimum value, 0.02 percent, was reached in 1995 while the maximum of 154.23 percent was recorded in 2003. 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 data
Iraq - Trade openness - Recent values chart

Historical series
Iraq - Trade openness - historical chart - 1970-2022




Definition: Exports plus imports as percent of GDP.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 106.69 2021 percent
 Trade openness 68.93 2022 percent
 Financial openness -1.242 2002 index points
 Exports, percent of GDP 37.32 2021 percent
 Exports, billion dollars 127.96 2022 billion U.S. dollars
 Growth of exports -14.97 2021 percent
 Imports, percent of GDP 24.18 2021 percent
 Imports, billion dollars 69.64 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -2.10 2023 percent
 Foreign Direct Investment, billion dollars -5.36 2023 billion U.S. dollars
 Portfolio investment inflows, equities -6.10 2023 million dollars (current)
 Current account, percent of GDP 16.80 2022 percent
 Current account, in dollars 28.37 2023 billion U.S. dollars
 Trade balance, percent of GDP 13.14 2021 percent
 Trade balance, in dollars 26.67 2023 billion U.S. dollars
 Reserves 112.23 2023 billion U.S. dollars
 Remittances, percent of GDP 0.35 2023 percent
 Remittances 879.41 2023 million U.S. dollars
 Net errors and omissions -2,345.09 2023 million USD
 External debt 8.58 2022 percent
 Short-term external debt 4.78 2023 percent
 Short-term debt to reserves 0.87 2023 percent
 Foreign exchange reserves 136,877.00 11/2024 billion
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