Iraq Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Iraq's current account balance was 0.42% in 2025, ranked 65th globally. This represents a 85.9% decrease from 2024. Data from World Bank, covering 2001–2025.
Overview
Iraq's current account balance stood at 0.42% in 2025, a decline of +2.57% from 2024. The IMF projects 0.42% by 2025. Iraq ranked 65th globally.
Iraq’s current‑account balance has oscillated markedly over the past 25 years, moving from a high of 21.61 % of GDP in 2008 to a low of –10.65 % in 2003 before settling at a modest 0.42 % in 2025, ranking 65th globally. The sharp peak in 2008 coincided with a surge in oil revenues after the country’s post‑war reconstruction, while the 2003 trough reflected the disruption of production and export flows during the invasion and ensuing instability. Since the mid‑2000s, the balance has gradually trended upward, though it remains far below the 1.96 % recorded in 2001, indicating persistent reliance on volatile commodity earnings and limited diversification. By comparison, Pakistan posted a slightly higher surplus of 0.52 % in the same year, underscoring Iraq’s relatively modest external position among peers. Continued reforms to broaden the non‑oil sector and stabilize fiscal policy could reinforce the upward trajectory and reduce vulnerability to oil‑price shocks.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 0.87% | - | - |
| 2029* IMF | 0.33% | - | - |
| 2028* IMF | -0.01% | - | - |
| 2027* IMF | -0.47% | - | - |
| 2026* IMF | -1.08% | - | - |
| 2025* IMF | 0.42% | - | - |
| 2025 | 0.42% | −2.57% | #65 |
| 2024 | 2.99% | −4.54% | #141 |
| 2023 | 10.55% | −5.23% | #177 |
| 2022 | 20.19% | +14.10% | #189 |
| 2021 | 11.71% | +17.33% | #178 |
| 2020 | -3.49% | −9.64% | #74 |
| 2019 | 6.75% | −3.72% | #171 |
| 2018 | 15.12% | +13.71% | #186 |
| 2017 | 7.95% | +11.96% | #181 |
| 2016 | 1.29% | +5.23% | #150 |
| 2015 | -1.66% | −8.41% | #116 |
| 2014 | 6.94% | +0.08% | #170 |
| 2013 | 6.86% | +0.42% | #174 |
| 2012 | 13.55% | +2.15% | #178 |
| 2011 | 14.07% | +11.31% | #182 |
Detected Pattern
Analysis
Iraq matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Iraq's current account balance was 0.42% in 2025. Ranked 65th globally. This represents a 85.9% decrease from the previous year.
Iraq's current account balance peaked at 21.61% in 2008.
The lowest current account balance in Iraq was -10.65% in 2003.
Iraq ranks 65th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Iraq's current account balance is projected to reach 0.42% by 2025 based on IMF projection.
The current account balance of Iraq in 2025 was 0.42%. This ranks 65th in the world.
Cite this page
@misc{historysaid_iraq_current-account,
title = {Iraq Current Account Balance},
url = {https://historysaid.com/iraq/current-account/},
publisher = {HistorySaid},
year = {2026}
}