Iraq Current Account to GDP 2004-2014 | Data | Chart | Calendar

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.

   
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Iraq Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
6.71 12.01 12.88 -29.29 2004 - 2012 percent Yearly
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. Content for - Iraq Current Account to GDP - was last refreshed on Friday, November 28, 2014.

Iraq Trade Last Previous Highest Lowest Unit
Balance of Trade 37937.60 31877.60 37937.60 -3492.30 USD Million [+]
Exports 94171.60 79680.50 94171.60 1720.40 USD Million [+]
Imports 56234.00 47802.90 56234.00 2681.90 USD Million [+]
Current Account 31910.20 26365.40 32344.00 -15410.00 USD Million [+]
Current Account to GDP 6.71 12.01 12.88 -29.29 percent [+]
Gold Reserves 90.00 90.00 90.00 0.00 Tonnes [+]
Crude Oil Production 3165.00 3225.00 3728.00 0.00 BBL/D/1K [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 percent [+]
Brazil -3.66 Dec/13 -2.40 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.00 Dec/13 2.60 10.10 -3.70 percent [+]
Euro Area 2.40 Dec/13 1.40 2.40 -1.50 percent [+]
France -1.30 Dec/13 -2.20 2.70 -2.20 percent [+]
Germany 7.50 Dec/13 7.40 7.50 -1.70 percent [+]
India -1.70 Dec/13 -4.70 1.50 -4.70 percent [+]
Indonesia -3.30 Dec/13 -2.80 4.80 -6.80 percent [+]
Italy 1.00 Dec/13 -0.30 3.20 -3.70 percent [+]
Japan 0.70 Dec/13 1.10 4.80 -1.00 percent [+]
Mexico -1.80 Dec/13 -1.20 3.40 -6.10 percent [+]
Netherlands 10.40 Dec/13 9.50 10.40 -1.00 percent [+]
Russia 1.56 Dec/13 3.60 18.00 -1.40 percent [+]
South Korea 5.80 Dec/13 4.30 11.90 -8.30 percent [+]
Spain 0.80 Dec/13 -1.20 1.50 -10.00 percent [+]
Switzerland 13.50 Dec/12 8.50 15.60 -0.60 percent [+]
Turkey -7.90 Dec/13 -6.00 2.00 -9.70 percent [+]
United Kingdom -4.40 Dec/13 -3.80 1.90 -4.90 percent [+]
United States -2.30 Dec/13 -2.70 0.20 -6.00 percent [+]