Iraq recorded a Current Account surplus of 2.30 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Iraq averaged -0.36 percent from 2004 until 2017, reaching an all time high of 12.70 percent in 2008 and a record low of -24 percent in 2004.

Current Account to GDP in Iraq is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Current Account to GDP is projected to trend around -1.50 percent in 2020, according to our econometric models.

Iraq Current Account to GDP
Forecast Data Chart
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Iraq Trade Last Previous Highest Lowest Unit
Balance of Trade 18793.00 7090.00 47550.00 -3492.00 USD Million [+]
Exports 57559.00 41298.00 94209.00 1720.40 USD Million [+]
Imports 38766.00 34208.00 59349.00 2681.90 USD Million [+]
Current Account 3554.70 -1913.10 32344.00 -15410.00 USD Million [+]
Current Account to GDP 2.30 -7.80 12.70 -24.00 percent [+]
Gold Reserves 89.80 89.80 89.82 0.00 Tonnes [+]
Crude Oil Production 4460.00 4460.00 4830.00 0.00 BBL/D/1K [+]
Terrorism Index 10.00 9.96 10.00 4.09 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Iraq Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Iraq Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 -7.80 12.70 -24.00 2004 - 2017 percent Yearly

Country Last Previous
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17