Iraq recorded a government debt equivalent to 59.70 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in Iraq averaged 97.86 percent from 2004 until 2017, reaching an all time high of 344.30 percent in 2004 and a record low of 32 percent in 2013.

Government Debt to GDP in Iraq is expected to be 53.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Government Debt to GDP is projected to trend around 47.00 percent in 2020, according to our econometric models.

Iraq Government Debt to GDP
Forecast Data Chart
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Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 59.70 66.00 344.30 32.00 percent [+]
Government Budget -1.60 -14.30 10.70 -35.40 percent of GDP [+]
Government Budget Value 17652895.00 15193856.00 61244368.00 -13581445.00 IQD Million [+]
Government Revenues 65388984.00 56781529.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 47736089.00 41587673.00 106873027.00 468749.00 IQD Million [+]
Military Expenditure 7283.50 5970.40 9527.30 2035.50 USD Million [+]
Credit Rating 25.00 [+]

Iraq Government Debt to GDP

Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Iraq Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
59.70 66.00 344.30 32.00 2004 - 2017 percent Yearly

Country Last Previous
Japan 253.00 Dec/17
Italy 131.80 Dec/17
Singapore 110.60 Dec/17
United States 105.40 Dec/17
Spain 98.30 Dec/17
France 97.00 Dec/17
Canada 89.60 Dec/17
Euro Area 86.70 Dec/17
United Kingdom 85.30 Dec/17
Brazil 74.04 Dec/17
India 68.70 Dec/17
Germany 64.10 Dec/17
Argentina 57.10 Dec/17
Netherlands 56.70 Dec/17
South Africa 53.10 Dec/17
China 47.60 Dec/17
Mexico 46.40 Dec/17
Australia 41.90 Dec/17
South Korea 38.00 Dec/17
Switzerland 29.70 Dec/17
Indonesia 28.70 Dec/17
Turkey 28.30 Dec/17
Saudi Arabia 17.20 Dec/17
Russia 12.60 Dec/17