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Iraq GDP

Iraq's GDP rose to $279.64 billion in 2024, up from $268.88 billion in 2023, according to World Bank. This represents an increase of 4% ($10.76 billion) from the previous year and accounts for 0.25% of the world's total GDP. Iraq has GDP higher than the global median ($279.64 billion vs median $35.85 billion). Compared with the median in Asia, Iraq is higher ($279.64 billion vs regional median $98.96 billion) and ranks 19th out of 47 countries in Asia.

Iraq's GDP per capita fell to $4,180.3 in 2024, down from $4,337.09 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 279.64
2023 268.88
2022 287.37
2021 209.69
2020 180.9
2019 233.64
2018 227.37
2017 187.22
2016 166.74
2015 166.77
2014 228.42
2013 234.64
2012 218
2011 185.75
2010 138.52
2009 111.66
2008 131.61
2007 88.84
2006 65.15
2005 50.07
2004 36.63
2003 21.92
2002 32.93
2001 36.18
2000 48.36
1999 36.88
1998 20.62
1997 20.76
1996 10.43
1995 12.89
1994 3.99
1993 1.03
1992 0.55
1991 0.41
1990 180.41
1989 65.83
1988 62.68
1987 56.77
1986 47.26
1985 48.43
1984 46.94
1983 40.71
1982 42.38
1981 37.82
1980 52.57
1979 37.82
1978 23.76
1977 19.84
1976 17.75
1975 13.46
1974 11.52
1973 5.13
1972 4.11
1971 3.87
1970 3.28
1969 3.01
1968 2.9
1967 2.55
1966 2.53
1965 2.34
1964 2.14
1963 1.81
1962 1.78
1961 1.67
1960 1.54
Iraq GDP : Definition
GDP measures the total value of all goods and services produced in Iraq, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -1.55% 0.52% 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