GDP (current LCU), annual growth rate in Iraq

Iraq: GDP (current LCU), annual growth rate was 2.76 % change on previous year in 2024. ◆ Volatile

Latest (2024)
2.76 % change on previous year
Change on year
up 118.3%
World rank
190th
of 211 countries
All-time high
415.57 % change on previous year
in 1994
All-time low
-28.05 % change on previous year
in 1981
Years of data
54
1971–2024

GDP (current LCU), annual growth rate in Iraq, 1971–2024

0100200300400197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2024, gdp (current lcu), annual growth rate in Iraq stood at 2.76 % change on previous year.

That represents a change of up 118.3% on the previous year and up 204.0% over ten years.

Over the whole period, gdp (current lcu), annual growth rate in Iraq peaked at 415.57 % change on previous year in 1994 and was at its lowest, -28.05 % change on previous year, in 1981.

Iraq ranks 190th of 211 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

GDP (current LCU), annual growth rate in Iraq, year by year

Annual values for GDP (current LCU), annual growth rate in Iraq, 1971 to 2024.
Year % change on previous year Change
1971 16.6 % change on previous year
1972 0.2269 % change on previous year -98.6%
1973 13.56 % change on previous year +5876.8%
1974 118.68 % change on previous year +775.2%
1975 16.86 % change on previous year -85.8%
1976 31.92 % change on previous year +89.3%
1977 11.73 % change on previous year -63.2%
1978 19.78 % change on previous year +68.6%
1979 59.14 % change on previous year +199.0%
1980 41.22 % change on previous year -30.3%
1981 -28.05 % change on previous year -168.0%
1982 12.05 % change on previous year -143.0%
1983 -0.7369 % change on previous year -106.1%
1984 15.29 % change on previous year -2175.0%
1985 3.17 % change on previous year -79.3%
1986 -2.4 % change on previous year -175.7%
1987 20.12 % change on previous year -939.5%
1988 10.41 % change on previous year -48.3%
1989 5.02 % change on previous year -51.8%
1990 174.04 % change on previous year +3366.3%
1991 -24.09 % change on previous year -113.8%
1992 171.15 % change on previous year -810.3%
1993 179.43 % change on previous year +4.8%
1994 415.57 % change on previous year +131.6%
1995 303.75 % change on previous year -26.9%
1996 -2.91 % change on previous year -101.0%
1997 132.17 % change on previous year -4648.4%
1998 13.47 % change on previous year -89.8%
1999 101.24 % change on previous year +651.7%
2000 45.7 % change on previous year -54.9%
2001 -17.72 % change on previous year -138.8%
2002 -0.706 % change on previous year -96.0%
2003 -27.88 % change on previous year +3848.7%
2004 79.94 % change on previous year -386.7%
2005 38.13 % change on previous year -52.3%
2006 29.99 % change on previous year -21.3%
2007 16.6 % change on previous year -44.7%
2008 40.89 % change on previous year +146.3%
2009 -16.8 % change on previous year -141.1%
2010 24.05 % change on previous year -243.2%
2011 34.1 % change on previous year +41.8%
2012 16.98 % change on previous year -50.2%
2013 7.62 % change on previous year -55.1%
2014 -2.65 % change on previous year -134.8%
2015 -26.9 % change on previous year +914.5%
2016 1.15 % change on previous year -104.3%
2017 12.56 % change on previous year +990.5%
2018 21.32 % change on previous year +69.7%
2019 2.69 % change on previous year -87.4%
2020 -21.91 % change on previous year -913.8%
2021 40.99 % change on previous year -287.1%
2022 37.05 % change on previous year -9.6%
2023 -15.1 % change on previous year -140.8%
2024 2.76 % change on previous year -118.3%

Iraq compared with similar countries

  • Iraq's 2.76 % change on previous year is below the median for upper middle income countries, which is 7.03 % change on previous year, 39% of the median. (58 countries reporting)
  • Iraq's 2.76 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.92 % change on previous year, 56% of the median. (23 countries reporting)

Biggest year-on-year movements

Years where GDP (current LCU), annual growth rate in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1973 +5876.8% 0.2269 % change on previous year 13.56 % change on previous year
1997 +4648.4% -2.91 % change on previous year 132.17 % change on previous year
2003 -3848.7% -0.706 % change on previous year -27.88 % change on previous year
1990 +3366.3% 5.02 % change on previous year 174.04 % change on previous year
1984 +2175.0% -0.7369 % change on previous year 15.29 % change on previous year
2017 +990.5% 1.15 % change on previous year 12.56 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 32.06 % change on previous year 0.2269 % change on previous year 118.68 % change on previous year 9
1980s 7.61 % change on previous year -28.05 % change on previous year 41.22 % change on previous year 10
1990s 146.38 % change on previous year -24.09 % change on previous year 415.57 % change on previous year 10
2000s 18.81 % change on previous year -27.88 % change on previous year 79.94 % change on previous year 10
2010s 9.09 % change on previous year -26.9 % change on previous year 34.1 % change on previous year 10
2020s 8.76 % change on previous year -21.91 % change on previous year 40.99 % change on previous year 5

Countries ranked near Iraq

  1. 187 Ecuador 2.91 % change on previous year compare
  2. 188 Germany 2.86 % change on previous year compare
  3. 189 Italy 2.85 % change on previous year compare
  4. 191 Greenland 2.75 % change on previous year compare
  5. 192 Seychelles 2.7 % change on previous year compare
  6. 193 Bosnia and Herzegovina 2.63 % change on previous year compare

See the full ranking of 211 places →

More population data for Iraq

All data for Iraq →

Frequently asked questions

What is gdp (current lcu), annual growth rate in Iraq?
Gdp (current lcu), annual growth rate in Iraq was 2.76 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gdp (current lcu), annual growth rate recorded in Iraq?
The highest recorded value was 415.57 % change on previous year in 1994.
What is the lowest gdp (current lcu), annual growth rate recorded in Iraq?
The lowest recorded value was -28.05 % change on previous year in 1981.
How does Iraq rank for gdp (current lcu), annual growth rate?
Iraq ranks 190th out of 211 countries with data for 2024.
Is gdp (current lcu), annual growth rate rising or falling in Iraq?
Over the last ten years it is up 204.0%. The long-run trend across the full record is volatile.
Where does this Iraq data come from?
The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.

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GDP (current LCU), annual growth rate in Iraq. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://population.statizoid.com/stat/gdp-current-lcu-annual-growth-rate-2/iraq/

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How this figure is calculated

The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
GDP (current LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,125 data points, 1971–2024
Last refreshed

The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.