Iraq: Broad money (current LCU)

Key figures

What the numbers say

In 2024, Iraq's broad money (current LCU) fell 3.8% on 2023 (from 180.98 trillion to 174.02 trillion).

Across the 30 yearly changes before that (1966 to 2023), the average change was +15.9% and a typical year strayed about 13% from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 42.5% in 1974 and the biggest yearly fall was 9.1% in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 11.92 trillion a year. A straight line explains 91% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Iraq had the 4th highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Iraq in the 2024 ranking

• Korea, Rep. — 1st of 32: 4,160.36 trillion
• China — 2nd of 32: 306.91 trillion
• Paraguay — 3rd of 32: 176.77 trillion
• Guinea — 5th of 32: 64.59 trillion
• Hungary — 6th of 32: 48.87 trillion
• Mongolia — 7th of 32: 43.28 trillion

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 38 values

Broad money (current LCU) in nearby economies

• Afghanistan — 575.74 billion (2020)
• Algeria — 28.39 trillion (2025)
• Bahrain — 10.04 billion (2015)
• Djibouti — 524.41 billion (2024)
• Egypt, Arab Rep. — 14.03 trillion (2025)
• Iran, Islamic Rep. — 11,888.8 trillion (2016)
• Israel — 2.19 trillion (2025)
• Jordan — 45.97 billion (2025)
• Kuwait — 42.12 billion (2025)
• Lebanon — 208.34 trillion (2017)
• Libya — 102.41 billion (2021)
• Morocco

More financial sector data for Iraq

• GDP deflator (base year varies by country) — 159.49 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1,300 (2025)
• Inflation, GDP deflator (annual % growth) — -7.03% (2025)
• Official exchange rate (LCU per US$, period average) — US$1,300 (2025)
• Consumer price index (2010 = 100) — 143.6 (2025)
• Inflation, consumer prices (annual % growth) — 0.3% (2025)
• Domestic credit to private sector by banks (% of GDP) — 13.99% (2024)
• Net domestic credit (current LCU) — 78.52 trillion (2024)
• Net foreign assets (current LCU) — 167.41 trillion (2024)
• Monetary sector credit to private sector (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Iraq's broad money (current LCU)?

174.02 trillion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 131.74 million% from 132.1 million in 1960 (24.63% a year on average, compounded). The highest value was 180.98 trillion in 2023 and the lowest 132.1 million in 1960.

How does Iraq rank?

4th highest of 32 economies with data for 2024.

Is the latest change in broad money (current LCU) unusual for Iraq?

In 2024, Iraq's broad money (current LCU) fell 3.8% on 2023 (from 180.98 trillion to 174.02 trillion). Across the 30 yearly changes before that (1966 to 2023), the average change was +15.9% and a typical year strayed about 13% from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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