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Iraq Trade (% GDP)

Iraq's trade (% GDP) rose to 74.74% in 2024, up from 69.46% in 2023, according to World Bank. This represents an increase of 5.28% from the previous year. Iraq has trade (% GDP) lower than the global median (74.74% vs median 84.49%). Compared with the median in Asia, Iraq is lower (74.74% vs regional median 82.69%) and ranks 26th out of 45 countries in Asia.

Yearly Historical Data (1970-2024)

(in %)
Year Trade (% GDP)
2024 74.74%
2023 69.46%
2022 68.76%
2021 61.5%
2020 57.74%
2019 68.99%
2018 65.8%
2017 59.78%
2016 54.59%
2015 69.59%
2014 68.98%
2013 67.41%
2012 73.61%
2011 72.17%
2010 73.5%
2009 78.69%
2008 81.06%
2007 74.09%
2006 89.65%
2005 115.74%
2004 120.23%
2003 154.23%
2002 119.76%
2001 126.78%
2000 125.34%
1999 138.31%
1998 132.24%
1997 106.19%
1996 0.03%
1995 0.02%
1994 0.1%
1993 0.54%
1992 1.92%
1991 3.79%
1990 15.13%
1989 44.84%
1988 42.5%
1987 49.35%
1986 42.94%
1985 54.96%
1984 55.33%
1983 57.55%
1982 92.79%
1981 93.91%
1980 95.05%
1979 93.62%
1978 88.33%
1977 97.03%
1976 93.28%
1975 94.9%
1974 92.61%
1973 70.94%
1972 58.41%
1971 66.65%
1970 57.52%
Iraq Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Iraq divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $43.77B $49.4B 2016
Annual Imports $37.06B 2014
Exports (% GDP) 37.51% 39.63% 2024
FDI Inflows (% GDP) -1.99% -0.73% 2023
Imports (% GDP) 37.23% 29.83% 2024
Net Trade (Goods & Services, BoP) $26.67B $57.92B 2023