Iraq: PPG, official creditors (NFL, current US$)

Key figures

Over five years it is down 258.31% from −US$435.31 million in 2019. Since 2015 it is down 312.43% from US$734.23 million in 2015.

What the numbers say

In 2024, Iraq's PPG, official creditors (NFL, current US$) fell US$1.03 billion on 2023 (from −US$533.15 million to −US$1.56 billion).

Across the 8 yearly changes before that (2016 to 2023), the average change was −US$158.42 million and a typical year strayed about US$1.03 billion 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 US$1.91 billion in 2016 and the biggest yearly fall was US$1.12 billion in 2017. 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 downward, about US$358.81 million a year. A straight line explains 70% 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 117th 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.

Closest to Iraq in the 2024 ranking

• Belarus — 113th of 118: −US$1.16 billion
• Argentina — 114th of 118: −US$1.22 billion
• Pakistan — 115th of 118: −US$1.28 billion
• Viet Nam — 117th of 118: −US$1.9 billion
• China — 118th of 118: −US$2.49 billion

What this measures

Public and publicly guaranteed debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 10 values

PPG, official creditors (NFL, current US$) in nearby economies

• Afghanistan — −US$27.14 million (2024)
• Algeria — −US$88.65 million (2024)
• Djibouti — US$14.7 million (2024)
• Egypt, Arab Rep. — US$89.84 million (2024)
• Iran, Islamic Rep. — −US$23.48 million (2024)
• Jordan — US$1.3 billion (2024)
• Lebanon — US$180.42 million (2024)
• Morocco — US$1.96 billion (2024)
• Pakistan — −US$1.28 billion (2024)
• Syrian Arab Republic — US$0 (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

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Questions people ask

What is Iraq's PPG, official creditors (NFL, current US$)?

−US$1.56 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2015?

It is down 312.43% from US$734.23 million in 2015. The highest value was US$2.65 billion in 2016 and the lowest −US$1.56 billion in 2024.

How does Iraq rank?

117th highest of 118 economies with data for 2024.

Is the latest change in PPG, official creditors (NFL, current US$) unusual for Iraq?

In 2024, Iraq's PPG, official creditors (NFL, current US$) fell US$1.03 billion on 2023 (from −US$533.15 million to −US$1.56 billion). Across the 8 yearly changes before that (2016 to 2023), the average change was −US$158.42 million and a typical year strayed about US$1.03 billion 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 DT.NFL.OFFT.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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