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Iraq Remittances Received

Personal remittances received  BX.TRF.PWKR.CD.DT

Iraq's remittances received was $1.0B in 2025, ranked 94th globally. This represents a 45.9% increase from 2024. Data from World Bank, covering 2005–2025.

$1.0B +$319.6M (+45.9%)
Year 2025 Rank #94 Global Peak $1.2B (2023) Source World Bank

Iraq Remittances Received (2005–2025)

Overview

Iraq's remittances received stood at $1.0B in 2025, a rise of +$319.6M from 2024. Based on recent trends, this figure is projected to reach $1.0B by 2025. Iraq ranked 94th globally.

Iraq’s remittances received rose from 711,100,000.00 in 2005 to 1,015,860,000.00 in 2025, placing the country 94th globally and reflecting a steady upward trajectory after a dramatic low of 3,100,000.00 in 2007. The all‑time peak of 1,161,700,000.00 in 2023 indicates that the post‑2008 recovery of the diaspora’s earnings accelerated, narrowing the gap with peers such as Türkiye, which recorded 1,040,300,000.00, and Israel at 973,840,000.00. The 21‑year coverage shows that inflows have more than doubled, driven by higher wages abroad and improved channels for money transfers, while the 2007 trough coincided with regional instability that curtailed labor migration. Continued economic diversification at home and sustained demand for Iraqi labor in Gulf economies are likely to keep the upward trend, although any deterioration in security or global recession could reverse the gains.

Data & projection

Year Remittances Received YoY change Rank
2027* trend $1.1B - -
2026* trend $1.1B - -
2025* trend $1.0B - -
2025 $1.0B +$319.6M #94
2024 $696.3M −$465.4M #81
2023 $1.2B +$63.3M #98
2022 $1.1B +$258.9M #99
2021 $839.5M +$195.1M #95
2020 $644.4M −$214.8M #91
2019 $859.2M +$117.5M #98
2018 $741.7M −$346.8M #92
2017 $1.1B +$102.1M #101
2016 $986.4M −$18.1M #101
2015 $1.0B +$275.1M #100
2014 $729.4M +$2.4M #91
2013 $727.0M +$456.0M #90
2012 $271.0M +$48.0M #66
2011 $223.0M +$46.3M #67
Show all years (2005-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +51.0% GDP growth 8.0% C/A balance 20.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Iraq matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →

Frequently Asked Questions

What is Iraq's remittances received?▾

Iraq's remittances received was $1.0B in 2025. Ranked 94th globally. This represents a 45.9% increase from the previous year.

What was the highest remittances received in Iraq?▾

Iraq's remittances received peaked at $1.2B in 2023.

What was the lowest remittances received in Iraq?▾

The lowest remittances received in Iraq was $3.1M in 2007.

How does Iraq rank in remittances received?▾

Iraq ranks 94th globally in remittances received as of 2025.

What is the World Bank indicator code for remittances received?▾

The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.

What is the projected remittances received of Iraq in 2025?▾

Iraq's remittances received is projected to reach $1.0B by 2025 based on trend extrapolation.

What is Iraq's remittances received in billion?▾

Iraq's remittances received was approximately 1.02 billion ($1.0B) in 2025.

What is the remittances received of Iraq in 2025?▾

The remittances received of Iraq in 2025 was $1.0B. This ranks 94th in the world.

Cite this page

APA
Iraq Remittances Received. HistorySaid. Retrieved November 15, 2026, from https://historysaid.com/iraq/remittances/
BibTeX
@misc{historysaid_iraq_remittances, title = {Iraq Remittances Received}, url = {https://historysaid.com/iraq/remittances/}, publisher = {HistorySaid}, year = {2026} }
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