Iraq recorded a Current Account deficit of 1.70 percent of the country's Gross Domestic Product in 2025. Current Account to GDP in Iraq averaged 2.07 percent of GDP from 2001 until 2025, reaching an all time high of 15.20 percent of GDP in 2008 and a record low of -10.70 percent of GDP in 2003. source: IMF

Current Account to GDP in Iraq is expected to reach -2.80 percent of GDP by the end of 2026, 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 -3.00 percent of GDP in 2027 and -4.30 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade 3781.10 5484.60 USD Million Dec 2025
Current Account -243.50 2974.90 USD Million Dec 2025
Current Account to GDP -1.70 -2.10 percent of GDP Dec 2025
Exports 21615.50 23414.30 USD Million Dec 2025
Imports 17834.40 17929.70 USD Million Dec 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.70 -2.10 15.20 -10.70 2001 - 2025 percent of GDP Yearly