Iraq's final consumption expenditure (annual % growth) was 15.34% in 2024, the latest year in the World Bank's World Development Indicators. That is up 13.38 percentage points from 1.96% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 15.34% | 2024 |
| Five years earlier | 7.88% | 2019 |
| Ten years earlier | 1.96% | 2014 |
| Highest | 17.38% | 2009 |
| Lowest | -9.07% | 2015 |
| Average since 2015 | 2.84% | 2015–2024 |
| First recorded | 4.66% | 2008 |
What the numbers say
In 2024, Iraq's final consumption expenditure (annual % growth) rose 8.87 percentage points on 2023 (from 6.47% to 15.34%).
Across the 15 yearly changes before that (2009 to 2023), the average change was +0.12 percentage points and a typical year strayed about 8.64 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations above 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 12.72 percentage points in 2009 and the biggest yearly fall was 14.62 percentage points in 2020. 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 1.42 percentage points a year. A straight line explains 38% 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 1st highest value of the 29 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 | 15.34% | 2024 |
| World | 2.91% | 2024 |
| Upper middle income | 3.95% | 2025 |
Closest to Iraq in the 2024 ranking
- Tajikistan — 2nd of 29: 14.97%
- Vanuatu — 3rd of 29: 8.91%
- Solomon Islands — 4th of 29: 7.78%
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 17 values
| Year | Final consumption expenditure (annual % growth) |
|---|---|
| 2024 | 15.34 |
| 2023 | 6.47 |
| 2022 | 2.28 |
| 2021 | 3.19 |
| 2020 | -6.74 |
| 2019 | 7.88 |
| 2018 | 5.97 |
| 2017 | 1.21 |
| 2016 | 1.88 |
| 2015 | -9.07 |
| 2014 |
Final consumption expenditure (annual % growth) in nearby economies
- Algeria — 3.84% (2025)
- Bahrain — 1.89% (2024)
- Djibouti — 3.56% (2025)
- Egypt, Arab Rep. — 8.39% (2025)
- Iran, Islamic Rep. — -0.47% (2025)
- Israel — 2.27% (2025)
- Kuwait — 2.43% (2024)
- Lebanon — -3.96% (2024)
- Libya — 11.48% (2025)
- Malta — 4.04% (2025)
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 final consumption expenditure (annual % growth)?
- 15.34% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2008?
- It is up 10.68 percentage points from 4.66% in 2008. The highest value was 17.38% in 2009 and the lowest -9.07% in 2015.
- How does Iraq rank?
- 1st highest of 29 economies with data for 2024.
- Is the latest change in final consumption expenditure (annual % growth) unusual for Iraq?
- In 2024, Iraq's final consumption expenditure (annual % growth) rose 8.87 percentage points on 2023 (from 6.47% to 15.34%). Across the 15 yearly changes before that (2009 to 2023), the average change was +0.12 percentage points and a typical year strayed about 8.64 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations above 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 NE.CON.TOTL.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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