Iraq: economy

What is Iraq's GDP?

Iraq's GDP was 82.1 trillion dinars at current prices in the fourth quarter of 2025, and 53.9 trillion dinars excluding oil, according to the Statistics Authority's early warning indicators for Q4 2025.

The gap between the two figures, about 28 trillion dinars, is the value added by oil in the quarter, which shows how much of the economy depends on it. The Authority says a fall in goods exports reduced the trade surplus in the quarter. The IMF's World Economic Outlook figures put Iraq's GDP at US$264.2 billion in 2025 and about US$5,803 per person.

Official sources: Statistics Authority: economic indicators, Q4 2025 · IMF DataMapper: GDP, Iraq

What is Iraq's GDP growth rate?

The IMF estimates that Iraq's real GDP fell 0.4% in 2025 and projects a fall of 16% in 2026, according to its World Economic Outlook figures on the IMF DataMapper, read on 15 October 2026. It gives growth of 0.8% in 2023 and 0.2% in 2024.

Real growth removes the effect of price changes. In Iraq it moves mainly with oil output and exports, which make up most of the economy and of government revenue. The IMF does not explain its 2026 projection on the DataMapper. The Statistics Authority publishes quarterly national accounts; its latest release read on 15 October 2026 gives nominal values, not a growth rate.

Official sources: IMF DataMapper: real GDP growth, Iraq · Statistics Authority

What is the inflation rate in Iraq?

Iraq's annual inflation rate was 3.3% in August 2026, according to the Statistics Authority's consumer price index release. The index was 110.9, up from 107.4 in August 2025 and from 110.1 in July 2026, a monthly rise of 0.7%.

Annual inflation was also 3.3% in July 2026. In May the index fell 1.2% on the month, after a rise of 1.7% in April, according to an earlier release, so monthly figures can move in both directions. The index measures the average change in prices paid by households for a fixed basket of goods and services.

Official sources: Statistics Authority: CPI release, August 2026 · Statistics Authority: CPI release, May 2026

What is the Iraqi dinar exchange rate to the dollar?

The Central Bank of Iraq's official window rate was 1,305 dinars per US dollar for cash and 1,310 for transfers in every month of 2026 up to September, according to its exchange rate tables. The same rates applied throughout 2025.

The official rate is the rate at which the central bank sells dollars for approved trade, card settlements and travellers. Rates in the local market can differ. On 19 September 2026 the bank said, in a statement, that it had enough foreign reserves to meet all requests at the official rate, and attributed the rise in market rates to speculation and expectations.

Official sources: Central Bank of Iraq: exchange rate tables · Central Bank of Iraq: exchange rates page

What is Iraq's trade balance?

Iraq's net trade balance was a surplus of US$4.0 billion in the fourth quarter of 2025, according to the Statistics Authority's early warning indicators for Q4 2025. The Authority says a fall in goods exports reduced the surplus.

Iraq's exports are mostly crude oil, so the trade balance moves with oil prices and volumes. The IMF's World Economic Outlook figures, which also include services, income and transfers, show a current account deficit of 3.8% of GDP in 2025 and project 10.8% for 2026. The Central Bank of Iraq publishes balance of payments data.

Official sources: Statistics Authority: economic indicators, Q4 2025 · IMF DataMapper: current account balance, Iraq

How fast is Iraq's economy growing?

According to the World Bank, real GDP growth in Iraq was -2.2% in 2025. Its high point since 2005 was 2012, at 13.9%; its low point was 2020, at -12.0%. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was 3.5%, and Iraq placed 16th highest of 17. Worldwide: 177th of 180.

What is GDP per capita in Iraq?

The World Bank puts GDP per person in Iraq at $5,410 in 2025. The peak was $6,650 in 2013 and the low $1,762 in 2005. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was $6,051, and Iraq placed 10th highest of 17. Worldwide: 109th of 180.

How does Iraq's income per person compare after prices?

$14,267 in international dollars: that is GDP per person at purchasing power parity in Iraq for 2025, according to the World Bank. Since 2005 it has ranged from $9,079 in international dollars (2016) to $14,669 in international dollars (2013). It is 13th highest of 17 in Middle East, North Africa, Afghanistan & Pakistan, where the median is $19,699 in international dollars. Of 179 countries with 2025 data, 108th highest.

How big are Iraq's exports?

The latest figure from the World Bank, for 2024, is 39.8% of GDP. Since 2005 it has ranged from 27.8% of GDP (2020) to 54.3% of GDP (2005). Across Middle East, North Africa, Afghanistan & Pakistan the middle value was 39.8% of GDP, and Iraq placed 9th highest of 17. Of 162 countries with 2024 data, 72nd highest.

Does Iraq earn more abroad than it spends?

According to the IMF, the current account balance in Iraq was 1.9% of GDP in 2025. Its high point since 2005 was 2008, at 21.6% of GDP; its low point was 2005, at -6.7% of GDP. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was -0.6% of GDP, and Iraq placed 5th highest of 12. Worldwide: 37th of 132.

What is FDI in Iraq?

The latest figure from the IMF, for 2025, is -3.0% of GDP. Its high point since 2005 was 2012, at 1.6% of GDP; its low point was 2015, at -4.5% of GDP. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was 1.8% of GDP, and Iraq placed 17th highest of 17. Worldwide: 173rd of 179.

What are bank lending rates in Iraq?

The IMF puts the average bank lending rate in Iraq at 12.3% in 2015. It is the bottom of the series, which starts in 2005. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was 8.0%, and Iraq placed 3rd highest of 13. World rank, highest first: 51st of 130.