Iraq Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Iraq's foreign reserves was $127.9B in 2025, ranked 25th globally. This represents a 27.0% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Iraq's foreign reserves stood at $127.9B in 2025, a rise of +$27.2B from 2024. Based on recent trends, this figure is projected to reach $127.9B by 2025. Iraq ranked 25th globally.
Iraq’s foreign exchange reserves have risen dramatically from a modest 259,340,000.00 in 1960 to an all‑time high of 127,878,168,782.83 in 2025, placing the country 25th globally. After a low of 193,445,580.00 in 1962, the upward trajectory accelerated in the post‑2003 reconstruction era, reflecting higher oil export earnings, fiscal consolidation and the gradual repatriation of diaspora remittances. The 2025 level slightly trails Canada’s 129,155,937,288.09 and Denmark’s 123,271,087,227.65, underscoring Iraq’s emergence among middle‑income economies with sizable buffers. Nevertheless, the reserve stock remains vulnerable to oil price volatility and regional geopolitical risks, which could erode the cushion built over the past six decades. Continued diversification of export revenues, prudent monetary policy and improved fiscal management would be needed to sustain the upward trend and protect the reserve position against external shocks.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $156.0B | - | - |
| 2026* trend | $141.9B | - | - |
| 2025* trend | $127.9B | - | - |
| 2025 | $127.9B | +$27.2B | #25 |
| 2024 | $100.7B | −$11.5B | #27 |
| 2023 | $112.2B | +$15.2B | #26 |
| 2022 | $97.0B | +$32.8B | #26 |
| 2021 | $64.2B | +$9.8B | #34 |
| 2020 | $54.4B | −$13.6B | #37 |
| 2019 | $68.0B | +$3.3B | #32 |
| 2018 | $64.7B | +$15.4B | #32 |
| 2017 | $49.3B | +$4.0B | #38 |
| 2016 | $45.3B | −$8.7B | #38 |
| 2015 | $54.0B | −$12.3B | #33 |
| 2014 | $66.3B | −$11.5B | #29 |
| 2013 | $77.7B | +$7.4B | #27 |
| 2012 | $70.3B | +$9.3B | #27 |
| 2011 | $61.0B | +$10.4B | #28 |
Detected Pattern
Analysis
Iraq matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Iraq's foreign reserves was $127.9B in 2025. Ranked 25th globally. This represents a 27.0% increase from the previous year.
Iraq's foreign reserves peaked at $127.9B in 2025.
The lowest foreign reserves in Iraq was $193.4M in 1962.
Iraq ranks 25th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Iraq's foreign reserves is projected to reach $127.9B by 2025 based on trend extrapolation.
Iraq's foreign reserves was approximately 127.88 billion ($127.9B) in 2025.
The foreign reserves of Iraq in 2025 was $127.9B. This ranks 25th in the world.
Cite this page
@misc{historysaid_iraq_reserves,
title = {Iraq Foreign Reserves},
url = {https://historysaid.com/iraq/reserves/},
publisher = {HistorySaid},
year = {2026}
}