Iraq: prices, money and public finance
Inflation is 0.3% (2025), 161st of 180 in the world and 18th of 21 in the Middle East & North Africa. GDP deflator is -7.0% (2025), 207th of 209 in the world and 21st of 22 in the Middle East & North Africa. Lending rate is 12.3% (2015), 44th of 136 in the world and 4th of 14 in the Middle East & North Africa.
Prices & public finance: Iraq in detail
Latest reported value, world rank and rank within Middle East, North Africa, Afghanistan & Pakistan; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 0.3%2025 | 161/180 | 18/21 | 5.0% | 2.4% | 0.6% | −1.1 ppsince 2015 | 2.0% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | -7.0%2025 | 207/209 | 21/22 | 24.7% | 16.6% | -11.2% | +21.7 ppsince 2015 | 2.2% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 12.3%2015 | 44/136 | 4/14 | · | 14.3% | · | −1.1 ppsince 2005 | — | — | — | |
| Real interest rateReal interest rate, % | 57.6%2015 | 1/136 | 1/14 | · | -1.9% | · | +74.1 ppsince 2005 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 1,300.002025 | 24/210 | 5/22 | 2,002.40 | 1,170.00 | 1,192.00 | +11%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 1.3%2019 | 141/142 | 8/9 | · | · | 1.3%2019 | — | — | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 38.6%2019 | 19/142 | 1/9 | · | · | 38.6%2019 | — | — | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 27.6%2019 | 65/142 | 3/10 | · | · | 27.6%2019 | — | — | — | 28.5% | |
| Government debtCentral government debt, % of GDP | 27.4%2018 | 64/78 | 5/6 | · | · | 27.4%2018 | — | — | — | — | |
| External debtExternal debt stocks, % of GNI | 6.2%2024 | 115/119 | 10/12 | · | · | 14.7% | — | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 14.0%2024 | 144/169 | 13/17 | · | 5.4% | 13.3% | +7.2 ppsince 2014 | 52.4% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 47.9%2024 | 92/146 | 13/15 | · | 37.9% | 55.6% | +13.0 ppsince 2014 | 78.7% | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 11.62025 | 15/165 | 7/20 | · | 12.7 | 11.3 | +7.4%since 2015 | 11.2 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 2.45%2025 | 43/156 | 14/18 | · | 2.71% | 3.11% | −3.0 ppsince 2015 | 4.98% | 1.87% | 2.48% |
Better than ten years ago
- Inflation−1.1 pp0.3% in 2025
- Reserves, months of imports+7.4%11.6 in 2025
Worse than ten years ago
No rated indicator got worse over the decade.
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
Iraq and its neighbours
Countries sharing a land border with Iraq. Latest values since 2005; the highest in each row is marked.
| Indicator | Iraq | Iran | Türkiye | Saudi Arabia | Syria | Jordan |
|---|---|---|---|---|---|---|
| Inflation | 0.3%2025 | 42.2%2025 | 34.9%2025 | 2.0%2025 | 13.4%2019 | 1.8%2025 |
| GDP deflator | -7.0%2025 | 28.8%2025 | 36.4%2025 | -2.6%2025 | 107.4%2022 | 2.2%2025 |
| Lending rate | 12.3%2015 | 18.0%2016 | — | — | — | 8.1%2025 |
| Real interest rate | 57.6%2015 | 3.4%2016 | — | — | — | 5.8%2025 |
| Exchange rate | 1,300.002025 | 42,000.002023 | 39.452025 | 3.752025 | 2,505.752022 | 0.712025 |
| Tax revenue | 1.3%2019 | 7.4%2009 | 17.6%2024 | 8.1%2024 | — | 15.5%2023 |
| Government revenue | 38.6%2019 | 25.4%2009 | 31.5%2024 | 26.8%2024 | — | 21.2%2023 |
| Government expense | 27.6%2019 | 19.6%2009 | 33.0%2023 | 24.2%2023 | — | 25.9%2023 |
| Government debt | 27.4%2018 | — | 25.5%2024 | — | — | 93.6%2023 |