Iraq's households and NPISHs final consumption expenditure (constant LCU) was 96.12 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 25.18% from 76.78 trillion in 2014 (2.27% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 96.12 trillion | 2024 |
| Five years earlier | 81.07 trillion | 2019 |
| Ten years earlier | 76.78 trillion | 2014 |
| Highest | 96.12 trillion | 2024 |
| Lowest | 42.96 trillion | 2007 |
| Average since 2015 | 80.69 trillion | 2015–2024 |
| First recorded | 42.96 trillion |
What the numbers say
In 2024, Iraq's households and NPISHs final consumption expenditure (constant LCU) rose 13.7% on 2023 (from 84.57 trillion to 96.12 trillion).
Across the 16 yearly changes before that (2008 to 2023), the average change was +4.7% and a typical year strayed about 9% 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 28.2% in 2009 and the biggest yearly fall was 5.5% 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 1.53 trillion a year. A straight line explains 58% 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 2nd highest value of the 30 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
- Japan — 1st of 30: 304.19 trillion
- China — 3rd of 30: 52.23 trillion
- Lebanon — 4th of 30: 49.23 trillion
- United States — 5th of 30: 16.84 trillion
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 18 values
| Year | Households and NPISHs final consumption expenditure (constant LCU) |
|---|---|
| 2024 | 96,118,902,941,539 |
| 2023 | 84,567,712,478,821 |
| 2022 | 80,666,764,162,439 |
| 2021 | 78,583,635,875,253 |
| 2020 | 76,617,059,615,795 |
| 2019 | 81,073,081,508,900 |
| 2018 | 79,824,898,582,573 |
| 2017 | 78,061,522,883,681 |
| 2016 | 76,737,619,265,301 |
| 2015 | 74,663,672,750,478 |
Households and NPISHs final consumption expenditure (constant LCU) in nearby economies
- Algeria — 4.99 trillion (2025)
- Bahrain — 5.81 billion (2024)
- Djibouti — 534.06 billion (2025)
- Egypt, Arab Rep. — 7.64 trillion (2025)
- Iran, Islamic Rep. — 32,502 trillion (2025)
- Israel — 865.49 billion (2025)
- Kuwait — 13.81 billion (2024)
- Lebanon — 49.23 trillion (2024)
- Libya
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 households and NPISHs final consumption expenditure (constant LCU)?
- 96.12 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 123.72% from 42.96 trillion in 2007 (4.85% a year on average, compounded). The highest value was 96.12 trillion in 2024 and the lowest 42.96 trillion in 2007.
- How does Iraq rank?
- 2nd highest of 30 economies with data for 2024.
- Is the latest change in households and NPISHs final consumption expenditure (constant LCU) unusual for Iraq?
- In 2024, Iraq's households and NPISHs final consumption expenditure (constant LCU) rose 13.7% on 2023 (from 84.57 trillion to 96.12 trillion). Across the 16 yearly changes before that (2008 to 2023), the average change was +4.7% and a typical year strayed about 9% 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.PRVT.KN, 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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