External balance on goods and services in Iraq
Iraq: External balance on goods and services was 6.68 billion current US$ in 2024. ◆ Volatile
External balance on goods and services in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, external balance on goods and services in Iraq stood at 6.68 billion current US$.
Compared with earlier readings it is down 74.7% on the previous year and down 67.2% over ten years.
Over the whole period, external balance on goods and services in Iraq peaked at 58.32 billion current US$ in 2022 and was at its lowest, -16.99 billion current US$, in 1982.
That places Iraq 39th out of 192 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.25 billion current US$ | 562.52 million current US$ | 11.83 billion current US$ | 10 |
| 1980s | -2.82 billion current US$ | -16.99 billion current US$ | 16.78 billion current US$ | 10 |
| 1990s | 1.60 billion current US$ | -4.94 million current US$ | 6.25 billion current US$ | 10 |
| 2000s | 6.45 billion current US$ | -3.53 billion current US$ | 25.80 billion current US$ | 10 |
| 2010s | 18.96 billion current US$ | -939.73 million current US$ | 35.93 billion current US$ | 10 |
| 2020s | 22.97 billion current US$ | -4.06 billion current US$ | 58.32 billion current US$ | 5 |
Countries ranked near Iraq
More economy & growth data for Iraq
- DEC alternative conversion factor 1,300 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 464.62 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 357.40 million current US$ (2024)
- Net primary income (Net income from abroad) 1.73 trillion current LCU (2024)
- Net primary income (Net income from abroad) 1.33 billion current US$ (2024)
- GNI per capita 7.04 million current LCU (2025)
- GNI per capita, Atlas method 5,690 current US$ (2025)
- GNI 331.24 trillion current LCU (2025)
- GNI 254.80 billion current US$ (2025)
- GNI, Atlas method 267.45 billion current US$ (2025)
Frequently asked questions
- What is external balance on goods and services in Iraq?
- External balance on goods and services in Iraq was 6.68 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Iraq?
- The highest recorded value was 58.32 billion current US$ in 2022.
- What is the lowest external balance on goods and services recorded in Iraq?
- The lowest recorded value was -16.99 billion current US$ in 1982.
- How does Iraq rank for external balance on goods and services?
- Iraq ranks 39th out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Iraq?
- Over the last ten years it is down 67.2%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.