Iraq GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Iraq's gdp deflator was 1.71% in 2025, ranked 186th globally. This represents a 60.8% decrease from 2024. Data from World Bank, covering 1961–2025.
Overview
Iraq's gdp deflator stood at 1.71% in 2025, a decline of +2.65pp from 2024. Based on recent trends, this figure is projected to reach 1.71% by 2025. Iraq ranked 186th globally.
Iraq’s GDP deflator has fallen to 1.71 % in 2025, placing the country 186th in the World Bank ranking and marking a modest rise from its 1961 level of 1.34 % after 65 years of measurement. The indicator’s trajectory is dominated by an extraordinary peak of 396.44 % in 1994, a reflection of hyperinflationary pressures during the post‑Gulf War reconstruction era, and a pronounced trough of –28.76 % in 2015, when the economy contracted sharply amid the fight against ISIS and falling oil revenues. Compared with peers of similar rank, Iraq’s current deflator is slightly below Panama’s 2.01 % and above Mauritania’s 1.54 %, suggesting a relatively restrained price environment relative to other low‑rank economies. The recent uptick signals a gradual stabilization of domestic price levels, but sustained fiscal consolidation and diversification away from oil‑dependent growth will be essential to prevent a return to the volatility witnessed in the 1990s and mid‑2010s.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -2.94% | - | - |
| 2026* trend | -0.61% | - | - |
| 2025* trend | 1.71% | - | - |
| 2025 | 1.71% | −2.65pp | #186 |
| 2024 | 4.37% | +19.90pp | #115 |
| 2023 | -15.53% | −42.48pp | #2 |
| 2022 | 26.94% | −11.96pp | #192 |
| 2021 | 38.90% | +50.12pp | #198 |
| 2020 | -11.22% | −8.55pp | #6 |
| 2019 | -2.67% | −20.88pp | #9 |
| 2018 | 18.20% | +3.55pp | #201 |
| 2017 | 14.65% | +25.75pp | #193 |
| 2016 | -11.10% | +17.66pp | #1 |
| 2015 | -28.76% | −23.95pp | #1 |
| 2014 | -4.81% | −4.80pp | #5 |
| 2013 | -0.01% | −2.68pp | #30 |
| 2012 | 2.67% | −22.02pp | #79 |
| 2011 | 24.69% | +8.10pp | #203 |
Detected Pattern
Analysis
Iraq matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Iraq's gdp deflator was 1.71% in 2025. Ranked 186th globally. This represents a 60.8% decrease from the previous year.
Iraq's gdp deflator peaked at 396.44% in 1994.
The lowest gdp deflator in Iraq was -28.76% in 2015.
Iraq ranks 186th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Iraq's gdp deflator is projected to reach 1.71% by 2025 based on trend extrapolation.
The gdp deflator of Iraq in 2025 was 1.71%. This ranks 186th in the world.
Cite this page
@misc{historysaid_iraq_gdp-deflator,
title = {Iraq GDP Deflator},
url = {https://historysaid.com/iraq/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}