Current account balance (World Bank) — all countries

Current account balance (World Bank) — Iraq

Current account balance (World Bank) in Iraq in 2024 — 2.99%. Ranked 42 in the world out of 165. Since 2005, the indicator has risen by 9.65 pp.

2024 2.99% −7.56 pp vs 2023
World rank 42of 165
Period maximum 21.61%2008
Period minimum -6.66%2005

Trend over time

2005–2024 · % of GDP

Current account balance (World Bank) — Iraq, 2005–2024-100102030200520072009201120132015201720192021202320242005: -6.66%2006: 4.12%2007: 17.47%2008: 21.61%2009: -1.01%2010: 4.68%2011: 14.07%2012: 13.55%2013: 6.86%2014: 6.94%2015: -1.66%2016: 1.29%2017: 7.95%2018: 15.12%2019: 6.75%2020: -3.49%2021: 11.71%2022: 20.19%2023: 10.55%2024: 2.99%
Change over the period: +9.65 pp Annual average: 0.51 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Iraq

Iraq 2.99%
World computed 0.39%
Western Asia computed 3.35%
Current account balance (World Bank) — Iraq, by year Iraq All countries CSV XLSX
Year % Change, pp
2024 2.99 −7.56 pp
2023 10.55 −9.63 pp
2022 20.19 +8.47 pp
2021 11.71 +15.2 pp
2020 -3.49 −10.23 pp
2019 6.75 −8.37 pp
2018 15.12 +7.16 pp
2017 7.95 +6.66 pp
2016 1.29 +2.95 pp
2015 -1.66 −8.6 pp
2014 6.94 +0.08 pp
2013 6.86 −6.69 pp
2012 13.55 −0.51 pp
2011 14.07 +9.38 pp
2010 4.68 +5.69 pp
2009 -1.01 −22.62 pp
2008 21.61 +4.14 pp
2007 17.47 +13.35 pp
2006 4.12 +10.78 pp
2005 -6.66

About the indicator

The current account balance of the balance of payments as a percent of GDP from World Bank data. It duplicates the IMF indicator in meaning but rests on a different source and carries no forecast part — useful for cross-checking: noticeable divergences between the two series usually point to a revision of the statistics.

Source: World Development Indicators (World Bank), license CC BY 4.0.