Iraq Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Iraq's government debt to gdp was 53.11% in 2025, ranked 96th globally. This represents a 14.3% increase from 2024. Data from IMF WEO, covering 2004–2025.
Overview
Iraq's government debt to gdp stood at 53.11% in 2025, a rise of +6.65% from 2024. The IMF projects 53.11% by 2025. Iraq ranked 96th globally.
Iraq’s government debt-to‑GDP ratio has fallen dramatically from an all‑time peak of 344.32 % in 2004 to a historic trough of 27.57 % in 2014, reflecting the combined impact of post‑invasion reconstruction, oil‑price volatility and fiscal consolidation measures. By 2025 the ratio stands at 53.11 %, placing Iraq at 96th in the world and closely aligned with peers such as Burkina Faso (53.18 %) and North Macedonia (52.86 %). The 22‑year series shows a steep decline over the first decade, followed by a gradual re‑accumulation of debt as fiscal deficits widened amid falling oil revenues and security‑related expenditures. Continued diversification of the economy, improvements in tax administration and a stable oil price environment could help reverse the modest upward drift, while any resurgence of conflict or sharp commodity shocks would likely push the debt ratio higher.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 69.83% | - | - |
| 2029* IMF | 67.68% | - | - |
| 2028* IMF | 65.19% | - | - |
| 2027* IMF | 62.11% | - | - |
| 2026* IMF | 58.02% | - | - |
| 2025* IMF | 53.11% | - | - |
| 2025 | 53.11% | +6.65% | #96 |
| 2024 | 46.46% | +4.38% | #71 |
| 2023 | 42.08% | +3.10% | #60 |
| 2022 | 38.97% | −15.74% | #52 |
| 2021 | 54.72% | −17.74% | #91 |
| 2020 | 72.46% | +30.74% | #126 |
| 2019 | 41.71% | −2.65% | #75 |
| 2018 | 44.36% | −11.51% | #83 |
| 2017 | 55.87% | −4.43% | #116 |
| 2016 | 60.30% | +11.97% | #127 |
| 2015 | 48.34% | +20.77% | #105 |
| 2014 | 27.57% | −4.42% | #54 |
| 2013 | 31.99% | −2.80% | #74 |
| 2012 | 34.78% | −5.94% | #88 |
| 2011 | 40.72% | −12.81% | #106 |
Detected Pattern
Analysis
Iraq matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Iraq's government debt to gdp was 53.11% in 2025. Ranked 96th globally. This represents a 14.3% increase from the previous year.
Iraq's government debt to gdp peaked at 344.32% in 2004.
The lowest government debt to gdp in Iraq was 27.57% in 2014.
Iraq ranks 96th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Iraq's government debt to gdp is projected to reach 53.11% by 2025 based on IMF projection.
The government debt to gdp of Iraq in 2025 was 53.11%. This ranks 96th in the world.
Cite this page
@misc{historysaid_iraq_government-debt-to-gdp,
title = {Iraq Government Debt to GDP},
url = {https://historysaid.com/iraq/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}