Iraq: Total debt service (% of GNI)

Key figures

Over five years it is up 0.05 percentage points from 1.17% in 2019. Since 2015 it is up 0.07 percentage points from 1.14% in 2015.

What the numbers say

In 2024, Iraq's total debt service (% of GNI) fell 0.45 percentage points on 2023 (from 1.66% to 1.22%).

Across the 8 yearly changes before that (2016 to 2023), the average change was +0.07 percentage points and a typical year strayed about 0.47 percentage points 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 1.08 percentage points in 2020 and the biggest yearly fall was 0.45 percentage points in 2024. 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 0.09 percentage points a year. A straight line explains 30% 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 108th highest value of the 117 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

• Myanmar — 105th of 117: 1.31%
• Timor-Leste — 106th of 117: 1.23%
• Nepal — 107th of 117: 1.22%
• Burundi — 109th of 117: 1.18%
• Ethiopia — 110th of 117: 0.91%
• Congo, Dem. Rep. — 111th of 117: 0.64%

What this measures

Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.

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

All 10 values

Total debt service (% of GNI) in nearby economies

• Afghanistan — 0.38% (2024)
• Algeria — 0.17% (2024)
• Djibouti — 3.27% (2024)
• Egypt, Arab Rep. — 8.86% (2024)
• Iran, Islamic Rep. — 0.08% (2024)
• Jordan — 7.85% (2024)
• Lebanon — 9.68% (2024)
• Morocco — 5.63% (2024)
• Pakistan — 4.5% (2024)
• Syrian Arab Republic — 0.05% (2022)
• Tunisia — 10.93% (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 total debt service (% of GNI)?

1.22% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2015?

It is up 0.07 percentage points from 1.14% in 2015. The highest value was 2.25% in 2020 and the lowest 0.79% in 2017.

How does Iraq rank?

108th highest of 117 economies with data for 2024.

Is the latest change in total debt service (% of GNI) unusual for Iraq?

In 2024, Iraq's total debt service (% of GNI) fell 0.45 percentage points on 2023 (from 1.66% to 1.22%). Across the 8 yearly changes before that (2016 to 2023), the average change was +0.07 percentage points and a typical year strayed about 0.47 percentage points 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.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator DT.TDS.DECT.GN.ZS, 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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