Iraq Current Account to GDP
Iraq recorded a Current Account surplus of 6.71 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Iraq averaged 2.41 Percent from 2004 until 2012, reaching an all time high of 12.88 Percent in 2006 and a record low of -29.29 Percent in 2004. Current Account to GDP in Iraq is reported by the Central Bank of Iraq.
||2004 - 2012
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Iraq Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.