Final consumption expenditure in Iraq
Iraq: Final consumption expenditure was 249.35 trillion current LCU in 2024. ◆ Volatile
Final consumption expenditure in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Iraq recorded 249.35 trillion current LCU for final consumption expenditure in 2024. That is the highest value across all 55 years on record.
The figure is up 18.3% on the previous year and up 55.9% over ten years.
Over the whole period, final consumption expenditure in Iraq peaked at 249.35 trillion current LCU in 2024 and was at its lowest, 853.40 million current LCU, in 1970.
That places Iraq 12th out of 187 countries with data for 2024, putting it in the top 10%.
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 | 2.27 billion current LCU | 853.40 million current LCU | 4.62 billion current LCU | 10 |
| 1980s | 12.87 billion current LCU | 6.05 billion current LCU | 21.97 billion current LCU | 10 |
| 1990s | 3.09 trillion current LCU | 31.44 billion current LCU | 10.18 trillion current LCU | 10 |
| 2000s | 42.33 trillion current LCU | 12.74 trillion current LCU | 95.77 trillion current LCU | 10 |
| 2010s | 145.34 trillion current LCU | 102.69 trillion current LCU | 172.00 trillion current LCU | 10 |
| 2020s | 197.51 trillion current LCU | 161.32 trillion current LCU | 249.35 trillion current LCU | 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 final consumption expenditure in Iraq?
- Final consumption expenditure in Iraq was 249.35 trillion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Iraq?
- The highest recorded value was 249.35 trillion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Iraq?
- The lowest recorded value was 853.40 million current LCU in 1970.
- How does Iraq rank for final consumption expenditure?
- Iraq ranks 12th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Iraq?
- Over the last ten years it is up 55.9%. 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 Final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.