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Iraq GDP Annual Growth Rate

Iraq's GDP annual growth rate fell to -1.55% in 2024, down from 0.52% in 2023, according to World Bank. This represents a decrease of 2.07% from the previous year. Iraq has the 11th lowest GDP annual growth rate. Within Asia, it ranks 44th out of 47 countries.

Iraq's real GDP fell to $192.47 billion in 2024, down from $195.49 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 -1.55%
2023 0.52%
2022 7.96%
2021 1.5%
2020 -12.04%
2019 5.51%
2018 2.63%
2017 -1.82%
2016 13.79%
2015 2.61%
2014 2.26%
2013 7.63%
2012 13.94%
2011 7.55%
2010 6.4%
2009 3.38%
2008 8.23%
2007 1.89%
2006 5.64%
2005 1.68%
2004 53.39%
2003 -36.66%
2002 -8.2%
2001 1.77%
2000 16.8%
1999 17.58%
1998 35%
1997 21.24%
1996 11.02%
1995 2.12%
1994 3.85%
1993 30.29%
1992 32.59%
1991 -64.05%
1990 57.82%
1989 -3.12%
1988 -0.02%
1987 9.31%
1986 4.65%
1985 1.45%
1984 -1.49%
1983 -13.07%
1982 3.43%
1981 -0.73%
1980 24.75%
1979 20.87%
1978 17.06%
1977 1.9%
1976 17.18%
1975 12.49%
1974 16.11%
1973 4.42%
1972 3.74%
1971 5.37%
1970 4.54%
1969 3.24%
1968 19.51%
1967 -8.86%
1966 4.96%
1965 10.76%
1964 14.83%
1963 2.45%
1962 4.6%
1961 7.33%
Iraq GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Iraq's total economic output.
Indicator Last Value Prior Value Period
GDP $279.64B $268.88B 2024
GDP per Capita $4,180.3 $4,337.09 2024
GDP per Capita PPP $12,725.04 $13,202.32 2024
R&D Expenditure (% GDP) 0.04% 0.04% 2021
Real GDP $192.47B $195.49B 2024