Iraq's gross savings (current US$) was US$89.52 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 3.2% from US$86.74 billion in 2014 (0.32% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$89.52 billion | 2024 |
| Five years earlier | US$87.26 billion | 2019 |
| Ten years earlier | US$86.74 billion | 2014 |
| Highest | US$156.73 billion | 2022 |
| Lowest | US$25.02 billion | 2005 |
| Average since 2015 | US$80.66 billion | 2015–2024 |
| First recorded | US$25.02 billion |
What the numbers say
In 2024, Iraq's gross savings (current US$) fell 18.9% on 2023 (from US$110.41 billion to US$89.52 billion).
Across the 18 yearly changes before that (2006 to 2023), the average change was +19.1% and a typical year strayed about 47.7% from that (the standard deviation). This year's change was 0.8 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 95.4% in 2021 and the biggest yearly fall was 55.3% in 2009. 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$8.1 billion a year. A straight line explains 46% 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 5th highest value of the 48 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
- China — 1st of 48: US$8 trillion
- United States — 2nd of 48: US$4.86 trillion
- Japan — 3rd of 48: US$1.34 trillion
- Kazakhstan — 5th of 48: US$84.5 billion
- Kuwait — 6th of 48: US$71 billion
- New Zealand — 7th of 48: US$49.54 billion
What this measures
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 20 values
| Year | Gross savings (current US$) |
|---|---|
| 2024 | 89,519,197,077 |
| 2023 | 110,407,299,962 |
| 2022 | 156,726,855,034 |
| 2021 | 84,954,745,892 |
| 2020 | 43,472,643,969 |
| 2019 | 87,263,427,327 |
| 2018 | 91,586,049,884 |
| 2017 | 60,100,857,686 |
| 2016 | 40,759,564,522 |
| 2015 | 41,812,834,218 |
| 2014 |
Gross savings (current US$) in nearby economies
- Algeria — US$111.45 billion (2025)
- Bahrain — US$15.77 billion (2024)
- Djibouti — US$617.06 million (2024)
- Egypt, Arab Rep. — US$29.69 billion (2025)
- Israel — US$157.3 billion (2025)
- Kuwait — US$71 billion (2024)
- Lebanon — −US$2.52 billion (2023)
- Libya — US$11.39 billion (2023)
- Malta — US$6.48 billion (2024)
- Morocco — US$53.59 billion (2025)
- Oman — US$29.7 billion (2024)
- Pakistan
More economic policy & debt data for Iraq
- Total reserves, including gold (current US$) — 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$254.8 billion (2025)
Reading data like this
Questions people ask
- What is Iraq's gross savings (current US$)?
- US$89.52 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 257.8% from US$25.02 billion in 2005 (6.94% a year on average, compounded). The highest value was US$156.73 billion in 2022 and the lowest US$25.02 billion in 2005.
- How does Iraq rank?
- 5th highest of 48 economies with data for 2024.
- Is the latest change in gross savings (current US$) unusual for Iraq?
- In 2024, Iraq's gross savings (current US$) fell 18.9% on 2023 (from US$110.41 billion to US$89.52 billion). Across the 18 yearly changes before that (2006 to 2023), the average change was +19.1% and a typical year strayed about 47.7% from that (the standard deviation). This year's change was 0.8 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 NY.GNS.ICTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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