Iraq's net foreign assets (current LCU) was 167.4 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 63.92% from 102.13 trillion in 2014 (5.07% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 167.4 trillion | 2024 |
| Five years earlier | 102.54 trillion | 2019 |
| Ten years earlier | 102.13 trillion | 2014 |
| Highest | 183.2 trillion | 2022 |
| Lowest | -96.8 billion | 2005 |
| Average since 2015 | 116.44 trillion | 2015–2024 |
| First recorded | 106.2 million |
What the numbers say
In 2024, Iraq's net foreign assets (current LCU) fell 11.24 trillion on 2023 (from 178.64 trillion to 167.4 trillion).
Across the 30 yearly changes before that (1966 to 2023), the average change was +5.84 trillion and a typical year strayed about 15.11 trillion from that (the standard deviation). This year's change was 1.1 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 61.41 trillion in 2022 and the biggest yearly fall was 23.67 trillion in 2015. 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 13.66 trillion a year. A straight line explains 85% 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 3rd highest value of the 40 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
- Korea, Rep. — 1st of 40: 627.85 trillion
- Somalia, Fed. Rep. — 3rd of 40: 33.98 trillion
- China — 4th of 40: 30.27 trillion
- Hungary — 5th of 40: 16.55 trillion
What this measures
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 38 values
| Year | Net foreign assets (current LCU) |
|---|---|
| 2024 | 167,404,696,727,528 |
| 2023 | 178,640,519,365,192 |
| 2022 | 183,200,352,629,655 |
| 2021 | 121,793,750,042,147 |
| 2020 | 105,419,911,803,247 |
| 2019 | 102,542,820,345,643 |
| 2018 | 91,899,531,496,836 |
| 2017 | 69,819,639,511,487 |
| 2016 | 65,243,973,036,911 |
| 2015 | 78,455,350,855,848 |
Net foreign assets (current LCU) in nearby economies
- Afghanistan — 871.66 billion (2020)
- Algeria — 9.11 trillion (2025)
- Bahrain — 1.34 billion (2015)
- Djibouti — 281.4 billion (2025)
- Egypt, Arab Rep. — 1.11 trillion (2025)
- Iran, Islamic Rep. — 2,473.74 trillion (2016)
- Israel — 883.57 billion (2025)
- Jordan — 15.24 billion (2025)
- Kuwait — 28.58 billion (2025)
- Lebanon — 51.57 trillion (2017)
- Libya
More financial sector data for Iraq
- GDP deflator (base year varies by country) — 159.49 (2025)
- DEC alternative conversion factor (LCU per US$) — US$1,300 (2025)
- Inflation, GDP deflator (annual % growth) — -7.03% (2025)
- Official exchange rate (LCU per US$, period average) — US$1,300 (2025)
- Consumer price index (2010 = 100) — 143.6 (2025)
- Inflation, consumer prices (annual % growth) — 0.3% (2025)
- Domestic credit to private sector by banks (% of GDP) — 13.99% (2024)
- Net domestic credit (current LCU) — 78.52 trillion (2024)
- Monetary sector credit to private sector (% of GDP) — 13.99% (2024)
- Broad money (current LCU)
Reading data like this
Questions people ask
- What is Iraq's net foreign assets (current LCU)?
- 167.4 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 157.63 million% from 106.2 million in 1960 (24.98% a year on average, compounded). The highest value was 183.2 trillion in 2022 and the lowest -96.8 billion in 2005.
- How does Iraq rank?
- 3rd highest of 40 economies with data for 2024.
- Is the latest change in net foreign assets (current LCU) unusual for Iraq?
- In 2024, Iraq's net foreign assets (current LCU) fell 11.24 trillion on 2023 (from 178.64 trillion to 167.4 trillion). Across the 30 yearly changes before that (1966 to 2023), the average change was +5.84 trillion and a typical year strayed about 15.11 trillion from that (the standard deviation). This year's change was 1.1 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 FM.AST.NFRG.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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