Budget balance — all countries

Budget balance — Iraq

Budget balance in Iraq in 2031 — -7.3%. Ranked 172 in the world out of 188. Since 2004, the indicator has risen by 28.1 pp.

2031 -7.3% −1 pp vs 2030
World rank 172of 188
Period maximum 10.7%2006
Period minimum -35.4%2004

Trend over time

2004–2031 · % of GDP

Budget balance — Iraq, 2004–2031-40-2002020042007201020132016201920222025202820312004: -35.4%2005: 4.1%2006: 10.7%2007: 10%2008: -0.9%2009: -14.9%2010: -4.2%2011: 4.7%2012: 4.1%2013: -6.1%2014: -5.6%2015: -12.8%2016: -14.4%2017: -1.5%2018: 7.7%2019: 0.8%2020: -12.8%2021: -0.4%2022: 8.1%2023: -1.1%2024: -3.5%2025: -6.4%2026: -7.9%2027: -2.7%2028: -4.4%2029: -5.7%2030: -6.3%2031: -7.3%
Change over the period: +28.1 pp Annual average: 1.04 pp

Comparison, 2031

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

Iraq -7.3%
World computed -4.85%
Middle East & North Africa computed -1.74%
Western Asia computed -1.19%
Budget balance — Iraq, by year Iraq All countries CSV XLSX
Year % Change, pp
2031 -7.3 −1 pp
2030 -6.3 −0.6 pp
2029 -5.7 −1.3 pp
2028 -4.4 −1.7 pp
2027 -2.7 +5.2 pp
2026 -7.9 −1.5 pp
2025 -6.4 −2.9 pp
2024 -3.5 −2.4 pp
2023 -1.1 −9.2 pp
2022 8.1 +8.5 pp
2021 -0.4 +12.4 pp
2020 -12.8 −13.6 pp
2019 0.8 −6.9 pp
2018 7.7 +9.2 pp
2017 -1.5 +12.9 pp
2016 -14.4 −1.6 pp
2015 -12.8 −7.2 pp
2014 -5.6 +0.5 pp
2013 -6.1 −10.2 pp
2012 4.1 −0.6 pp
2011 4.7 +8.9 pp
2010 -4.2 +10.7 pp
2009 -14.9 −14 pp
2008 -0.9 −10.9 pp
2007 10 −0.7 pp
2006 10.7 +6.6 pp
2005 4.1 +39.5 pp
2004 -35.4

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.