Iraq recorded a Current Account deficit of 1.90 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Iraq averaged -0.78 percent of GDP from 2001 until 2024, reaching an all time high of 15.40 percent of GDP in 2022 and a record low of -24.00 percent of GDP in 2004. source: IMF

Current Account to GDP in Iraq is expected to reach -3.10 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Current Account to GDP is projected to trend around -4.00 percent of GDP in 2026 and -4.30 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade 5953.70 646.50 USD Million Mar 2025
Current Account 1396.50 -3895.80 USD Million Mar 2025
Current Account to GDP -1.90 4.50 percent of GDP Dec 2024
Exports 24112.30 23132.90 USD Million Mar 2025
Imports 18158.60 22486.40 USD Million Mar 2025



Iraq Current Account to GDP
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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.90 4.50 15.40 -24.00 2001 - 2024 percent of GDP Yearly