Iraq PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Iraq's ppp conversion factor was 586.78 in 2025, ranked 21st globally. This represents a 7.5% increase from 2024. Data from World Bank, covering 1991–2025.
Overview
Iraq's ppp conversion factor stood at 586.78 in 2025, a rise of +40.91 from 2024. Based on recent trends, this figure is projected to reach 586.78 by 2025. Iraq ranked 21st globally.
Iraq’s purchasing‑power‑parity (PPP) conversion factor has risen dramatically from a trough of 0.89 in 1991 to a peak of 657.01 in 2022, before slipping slightly to 586.78 in 2025, which places the country 21st globally. The steep ascent over the 35‑year series reflects the combined effect of post‑sanctions reconstruction, fluctuating oil revenues and periodic devaluations of the dinar, while the modest decline since the 2022 high coincides with renewed fiscal pressures and exchange‑rate volatility. Compared with peers of similar rank, Iraq’s 2025 factor sits below Sudan’s 707.96 and Tanzania’s 705.73 but above Malawi’s 507.70 and Myanmar’s 496.68, indicating a moderate position within the lower‑middle range of developing economies. The long‑term trajectory suggests that sustained macro‑economic stability, diversification away from oil and continued reforms in the foreign‑exchange market could restore upward momentum, whereas renewed political instability or external shocks would likely reverse the recent modest decline.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 607.67 | - | - |
| 2026* trend | 597.22 | - | - |
| 2025* trend | 586.78 | - | - |
| 2025 | 586.78 | +40.91 | #21 |
| 2024 | 545.87 | +10.21 | #170 |
| 2023 | 535.67 | −121.34 | #178 |
| 2022 | 657.01 | +102.54 | #180 |
| 2021 | 554.47 | +70.20 | #182 |
| 2020 | 484.26 | −63.07 | #181 |
| 2019 | 547.34 | −7.62 | #181 |
| 2018 | 554.96 | +2.06 | #181 |
| 2017 | 552.90 | −10.91 | #183 |
| 2016 | 563.81 | +8.55 | #183 |
| 2015 | 555.27 | +1.91 | #184 |
| 2014 | 553.36 | +24.73 | #184 |
| 2013 | 528.64 | +4.13 | #183 |
| 2012 | 524.50 | +1.16 | #184 |
| 2011 | 523.34 | +94.97 | #185 |
Detected Pattern
Analysis
Iraq matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
Iraq's ppp conversion factor was 586.78 in 2025. Ranked 21st globally. This represents a 7.5% increase from the previous year.
Iraq's ppp conversion factor peaked at 657.01 in 2022.
The lowest ppp conversion factor in Iraq was 0.89 in 1991.
Iraq ranks 21st globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
Iraq's ppp conversion factor is projected to reach 586.78 by 2025 based on trend extrapolation.
The ppp conversion factor of Iraq in 2025 was 586.78. This ranks 21st in the world.
Cite this page
@misc{historysaid_iraq_ppp-conversion-factor,
title = {Iraq PPP Conversion Factor},
url = {https://historysaid.com/iraq/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}