Terms of trade adjustment in Iraq
Iraq: Terms of trade adjustment was -25.43 trillion constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Iraq, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iraq recorded -25.43 trillion constant LCU for terms of trade adjustment in 2024.
Compared with earlier readings it is down 42.7% on the previous year and down 531.8% over ten years.
Over the whole period, terms of trade adjustment in Iraq peaked at 29.74 trillion constant LCU in 2022 and was at its lowest, -67.66 trillion constant LCU, in 2016.
That places Iraq 175th out of 178 countries with data for 2024, putting it in the bottom 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 |
|---|---|---|---|---|
| 2000s | -593.73 billion constant LCU | -16.98 trillion constant LCU | 15.20 trillion constant LCU | 3 |
| 2010s | -21.49 trillion constant LCU | -67.66 trillion constant LCU | 18.07 trillion constant LCU | 10 |
| 2020s | -16.79 trillion constant LCU | -62.35 trillion constant LCU | 29.74 trillion constant LCU | 5 |
Countries ranked near Iraq
- 172 Uganda -5.10 trillion constant LCU compare
- 173 Democratic Republic of Congo -5.34 trillion constant LCU compare
- 174 Japan -9.53 trillion constant LCU compare
- 176 South Korea -41.60 trillion constant LCU compare
- 177 Indonesia -312.72 trillion constant LCU compare
- 178 Iran -9,327.90 trillion constant LCU compare
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 terms of trade adjustment in Iraq?
- Terms of trade adjustment in Iraq was -25.43 trillion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Iraq?
- The highest recorded value was 29.74 trillion constant LCU in 2022.
- What is the lowest terms of trade adjustment recorded in Iraq?
- The lowest recorded value was -67.66 trillion constant LCU in 2016.
- How does Iraq rank for terms of trade adjustment?
- Iraq ranks 175th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Iraq?
- Over the last ten years it is down 531.8%. 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 Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.