Iraq's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) was US$3.24 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 68.11% from US$1.93 billion in 2019 (10.95% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$3.24 billion | 2024 |
| Five years earlier | US$1.93 billion | 2019 |
| Highest | US$4.3 billion | 2023 |
| Lowest | US$1.27 billion | 2016 |
| Average since 2015 | US$2.54 billion | 2015–2024 |
| First recorded | US$1.28 billion | 2015 |
Over five years it is up 68.11% from US$1.93 billion in 2019 (10.95% a year on average, compounded). Since 2015 it is up 152.75% from US$1.28 billion in 2015 (10.85% a year on average, compounded).
What the numbers say
In 2024, Iraq's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) fell 24.5% on 2023 (from US$4.3 billion to US$3.24 billion).
Across the 8 yearly changes before that (2016 to 2023), the average change was +17.3% and a typical year strayed about 16.3% from that (the standard deviation). This year's change was 2.6 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 44.4% in 2020 and the biggest yearly fall was 24.5% in 2024. 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 US$351.01 million a year. A straight line explains 83% 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 32nd highest value of the 120 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.
| Value | Year | |
|---|---|---|
| Iraq | US$3.24 billion | 2024 |
| Upper middle income | US$322.86 billion | 2024 |
Closest to Iraq in the 2024 ranking
- Thailand — 29th of 120: US$3.5 billion
- Tunisia — 30th of 120: US$3.41 billion
- Azerbaijan — 31st of 120: US$3.31 billion
- El Salvador — 33rd of 120: US$3.06 billion
- Sri Lanka — 34th of 120: US$2.72 billion
- Bulgaria — 35th of 120: US$2.25 billion
What this measures
Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 10 values
| Year | Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) |
|---|---|
| 2024 | 3,244,531,323 |
| 2023 | 4,297,711,243 |
| 2022 | 4,238,852,795 |
| 2021 | 3,124,574,551 |
| 2020 | 2,786,130,039 |
| 2019 | 1,929,987,902 |
| 2018 | 1,767,558,449 |
| 2017 | 1,406,637,270 |
| 2016 | 1,271,978,551 |
| 2015 | 1,283,685,383 |
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in nearby economies
- Afghanistan — US$35.06 million (2024)
- Algeria — US$103.54 million (2024)
- Djibouti — US$109.62 million (2024)
- Egypt, Arab Rep. — US$24.27 billion (2024)
- Iran, Islamic Rep. — US$76.47 million (2024)
- Jordan — US$2.07 billion (2024)
- Lebanon — US$176.46 million (2024)
- Morocco
More economic policy & debt data for Iraq
- Total reserves, including gold (current US$) — US$98.45 billion (2025)
- Total reserves, excluding gold (current US$) — US$73.93 billion (2025)
- GDP (current US$) — US$254.37 billion (2025)
- GDP (current LCU) — 330.68 trillion (2025)
- GDP (constant 2015 US$) — US$188.32 billion (2025)
- GDP (constant LCU) — 207.34 trillion (2025)
- GDP per capita (current US$) — US$5,410 (2025)
- GDP per capita (current LCU) — 7.03 million (2025)
- GDP per capita (constant 2015 US$) — US$4,005 (2025)
- GDP per capita (constant LCU) — 4.41 million (2025)
- GNI (current US$) — US$254.8 billion (2025)
Reading data like this
Questions people ask
- What is Iraq's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)?
- US$3.24 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is up 152.75% from US$1.28 billion in 2015 (10.85% a year on average, compounded). The highest value was US$4.3 billion in 2023 and the lowest US$1.27 billion in 2016.
- How does Iraq rank?
- 32nd highest of 120 economies with data for 2024.
- Is the latest change in debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) unusual for Iraq?
- In 2024, Iraq's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) fell 24.5% on 2023 (from US$4.3 billion to US$3.24 billion). Across the 8 yearly changes before that (2016 to 2023), the average change was +17.3% and a typical year strayed about 16.3% from that (the standard deviation). This year's change was 2.6 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator DT.TDS.DPPG.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in