Iraq's PPG, private creditors (NFL, current US$) was −US$658.21 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 197.59% from US$674.45 million in 2019.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$658.21 million | 2024 |
| Five years earlier | US$674.45 million | 2019 |
| Highest | US$1.99 billion | 2017 |
| Lowest | −US$1.5 billion | 2023 |
| Average since 2015 | −US$66.56 million | 2015–2024 |
| First recorded | −US$6.46 million | 2015 |
Over five years it is down 197.59% from US$674.45 million in 2019. Since 2015 it is down 10,094% from −US$6.46 million in 2015.
What the numbers say
In 2024, Iraq's PPG, private creditors (NFL, current US$) rose US$838.82 million on 2023 (from −US$1.5 billion to −US$658.21 million).
Across the 8 yearly changes before that (2016 to 2023), the average change was −US$186.32 million and a typical year strayed about US$1.06 billion from that (the standard deviation). This year's change was 1.0 standard deviations above 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$2 billion in 2017 and the biggest yearly fall was US$1.6 billion in 2018. 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$218.17 million a year. A straight line explains 42% 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 88th highest value of the 95 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 | −US$658.21 million | 2024 |
| Upper middle income | US$64.14 billion | 2024 |
Closest to Iraq in the 2024 ranking
- Congo, Rep. — 85th of 95: −US$430.39 million
- Bangladesh — 86th of 95: −US$547.12 million
- Kenya — 87th of 95: −US$615.44 million
- Kazakhstan — 89th of 95: −US$777.93 million
- Pakistan — 90th of 95: −US$945.11 million
- Tunisia — 91st of 95: −US$1.3 billion
What this measures
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 10 values
| Year | PPG, private creditors (NFL, current US$) |
|---|---|
| 2024 | -658,209,000 |
| 2023 | -1,497,027,000 |
| 2022 | -1,371,262,000 |
| 2021 | -411,540,000 |
| 2020 | 222,323,000 |
| 2019 | 674,449,000 |
| 2018 | 394,118,000 |
| 2017 | 1,993,899,000 |
| 2016 | -5,920,000 |
| 2015 | -6,457,000 |
PPG, private creditors (NFL, current US$) in nearby economies
- Algeria — −US$58,000 (2023)
- Djibouti — −US$198,000 (2017)
- Egypt, Arab Rep. — −US$2.31 billion (2024)
- Iran, Islamic Rep. — −US$20.97 million (2024)
- Jordan — US$207.76 million (2024)
- Lebanon — US$0 (2024)
- Morocco — US$494.36 million (2024)
- Pakistan — −US$945.11 million (2024)
- Syrian Arab Republic — US$0 (2024)
- Tunisia — −US$1.3 billion (2024)
More economic policy & debt data for Iraq
- Total reserves, including gold (current US$) — 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$254.8 billion (2025)
Reading data like this
Questions people ask
- What is Iraq's PPG, private creditors (NFL, current US$)?
- −US$658.21 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is down 10,094% from −US$6.46 million in 2015. The highest value was US$1.99 billion in 2017 and the lowest −US$1.5 billion in 2023.
- How does Iraq rank?
- 88th highest of 95 economies with data for 2024.
- Is the latest change in PPG, private creditors (NFL, current US$) unusual for Iraq?
- In 2024, Iraq's PPG, private creditors (NFL, current US$) rose US$838.82 million on 2023 (from −US$1.5 billion to −US$658.21 million). Across the 8 yearly changes before that (2016 to 2023), the average change was −US$186.32 million and a typical year strayed about US$1.06 billion from that (the standard deviation). This year's change was 1.0 standard deviations above 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.PRVT.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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