Iraq's external debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) was US$12.93 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 43.05% from US$22.71 billion in 2019 (10.65% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$12.93 billion | 2024 |
| Five years earlier | US$22.71 billion | 2019 |
| Highest | US$22.8 billion | 2020 |
| Lowest | US$12.93 billion | 2024 |
| Average since 2015 | US$19.08 billion | 2015–2024 |
| First recorded | US$15.55 billion | 2015 |
Over five years it is down 43.05% from US$22.71 billion in 2019 (10.65% a year on average, compounded). Since 2015 it is down 16.81% from US$15.55 billion in 2015 (2.02% a year on average, compounded).
What the numbers say
In 2024, Iraq's external debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) fell 17.6% on 2023 (from US$15.69 billion to US$12.93 billion).
Across the 8 yearly changes before that (2016 to 2023), the average change was +0.8% and a typical year strayed about 12.8% from that (the standard deviation). This year's change was 1.4 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 21.1% in 2017 and the biggest yearly fall was 17.6% 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 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 44th highest value of the 118 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$12.93 billion | 2024 |
| Upper middle income | US$2.2 trillion | 2024 |
Closest to Iraq in the 2024 ranking
What this measures
Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 10 values
| Year | External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) |
|---|---|
| 2024 | 12,931,630,317 |
| 2023 | 15,685,589,004 |
| 2022 | 17,935,651,988 |
| 2021 | 20,613,870,737 |
| 2020 | 22,804,738,065 |
| 2019 | 22,705,596,068 |
| 2018 | 22,475,314,270 |
| 2017 | 21,978,614,420 |
| 2016 | 18,147,231,928 |
| 2015 | 15,545,223,031 |
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in nearby economies
- Afghanistan — US$1.79 billion (2024)
- Algeria — US$851.55 million (2024)
- Djibouti — US$2.83 billion (2024)
- Egypt, Arab Rep. — US$106.93 billion (2024)
- Iran, Islamic Rep. — US$323.49 million (2024)
- Jordan — US$23.71 billion (2024)
- Lebanon — US$33.73 billion (2024)
- Morocco — US$45.73 billion (2024)
More economic policy & debt data for Iraq
- Total reserves, including gold (current US$) — 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$254.8 billion (2025)
Reading data like this
Questions people ask
- What is Iraq's external debt stocks, public and publicly guaranteed (PPG) (DOD, current US$)?
- US$12.93 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is down 16.81% from US$15.55 billion in 2015 (2.02% a year on average, compounded). The highest value was US$22.8 billion in 2020 and the lowest US$12.93 billion in 2024.
- How does Iraq rank?
- 44th highest of 118 economies with data for 2024.
- Is the latest change in external debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) unusual for Iraq?
- In 2024, Iraq's external debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) fell 17.6% on 2023 (from US$15.69 billion to US$12.93 billion). Across the 8 yearly changes before that (2016 to 2023), the average change was +0.8% and a typical year strayed about 12.8% from that (the standard deviation). This year's change was 1.4 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 DT.DOD.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.
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