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Iraq Real GDP

Iraq's real GDP fell to $192.47 billion in 2024, down from $195.49 billion in 2023, according to World Bank. This represents a decrease of 1.5% ($3.02 billion) from the previous year and accounts for 0.2% of the world's total real GDP. Iraq has real GDP higher than the global median ($192.47 billion vs median $29.34 billion). Compared with the median in Asia, Iraq is higher ($192.47 billion vs regional median $91.45 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 Real GDP (Billion USD)
2024 192.47
2023 195.49
2022 194.48
2021 180.15
2020 177.48
2019 201.77
2018 191.22
2017 186.31
2016 189.77
2015 166.77
2014 162.54
2013 158.94
2012 147.67
2011 129.61
2010 120.52
2009 113.26
2008 109.56
2007 101.23
2006 99.36
2005 94.05
2004 92.5
2003 60.31
2002 95.21
2001 103.72
2000 101.92
1999 87.26
1998 74.21
1997 54.97
1996 45.34
1995 40.84
1994 39.99
1993 38.51
1992 29.56
1991 22.29
1990 62
1989 39.29
1988 40.55
1987 40.56
1986 37.11
1985 35.46
1984 34.95
1983 35.48
1982 40.81
1981 39.46
1980 39.75
1979 31.86
1978 26.36
1977 22.52
1976 22.1
1975 18.86
1974 16.77
1973 14.44
1972 13.83
1971 13.33
1970 12.65
1969 12.1
1968 11.72
1967 9.81
1966 10.76
1965 10.25
1964 9.25
1963 8.06
1962 7.87
1961 7.52
1960 7.01
Iraq Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Iraq, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $279.64B $268.88B 2024
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