Iraq's external debt stocks (% of GNI) was 6.23% in 2024, the latest year in the World Bank's World Development Indicators. That is down 5.6 percentage points from 11.82% in 2019.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 6.23% | 2024 |
| Five years earlier | 11.82% | 2019 |
| Highest | 15.12% | 2017 |
| Lowest | 6.23% | 2024 |
| Average since 2015 | 11.36% | 2015–2024 |
| First recorded | 11.58% | 2015 |
Over five years it is down 5.6 percentage points from 11.82% in 2019. Since 2015 it is down 5.35 percentage points from 11.58% in 2015.
What the numbers say
In 2024, Iraq's external debt stocks (% of GNI) fell 1.3 percentage points on 2023 (from 7.53% to 6.23%).
Across the 8 yearly changes before that (2016 to 2023), the average change was −0.51 percentage points and a typical year strayed about 2.58 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 2.88 percentage points in 2020 and the biggest yearly fall was 4.28 percentage points in 2022. 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 downward, about 0.77 percentage points a year. A straight line explains 56% 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 107th highest value of the 110 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 | 6.23% | 2024 |
| Upper middle income | 21.3% | 2024 |
Closest to Iraq in the 2024 ranking
- Somalia, Fed. Rep. — 103rd of 110: 14.92%
- China — 104th of 110: 13%
- Botswana — 105th of 110: 11.93%
- Turkmenistan — 107th of 110: 5.22%
- Haiti — 108th of 110: 3.74%
- Algeria — 109th of 110: 2.67%
What this measures
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 10 values
| Year | External debt stocks (% of GNI) |
|---|---|
| 2024 | 6.23 |
| 2023 | 7.53 |
| 2022 | 7.93 |
| 2021 | 12.21 |
| 2020 | 14.7 |
| 2019 | 11.82 |
| 2018 | 12.32 |
| 2017 | 15.12 |
| 2016 | 14.14 |
| 2015 | 11.58 |
External debt stocks (% of GNI) in nearby economies
- Afghanistan — 19.89% (2023)
- Algeria — 2.67% (2024)
- Djibouti — 83.83% (2024)
- Egypt, Arab Rep. — 41.98% (2024)
- Iran, Islamic Rep. — 2.21% (2024)
- Jordan — 90.14% (2024)
- Lebanon — 331.65% (2023)
- Morocco — 44.72% (2024)
- Pakistan — 35.63% (2024)
- Syrian Arab Republic — 25.33% (2023)
- Tunisia
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 external debt stocks (% of GNI)?
- 6.23% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is down 5.35 percentage points from 11.58% in 2015. The highest value was 15.12% in 2017 and the lowest 6.23% in 2024.
- How does Iraq rank?
- 107th highest of 110 economies with data for 2024.
- Is the latest change in external debt stocks (% of GNI) unusual for Iraq?
- In 2024, Iraq's external debt stocks (% of GNI) fell 1.3 percentage points on 2023 (from 7.53% to 6.23%). Across the 8 yearly changes before that (2016 to 2023), the average change was −0.51 percentage points and a typical year strayed about 2.58 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.DOD.DECT.GN.ZS, 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.
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