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Economy Snapshot

Iraq Economy and Trade

BaghdadLocal time

GDP $254.37B · real growth -2.2% · 2025

Iraq's output measure stands at $254.37B in 2025; real GDP growth is listed separately at -2.2% for 2025. The income-scale indicator is $5,410 per person in 2025, with CPI inflation shown separately at 0.3% for 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.

Nominal GDP
$254.37B
current US$ · 2025
World Bank
GDP per capita
$5,410
current US$ · 2025
Source listed below
Real GDP growth
-2.2%
annual % · 2025
Source listed below
Inflation
0.3%
CPI annual % · 2025
Source listed below

Iraq at a Glance

Each measure keeps its actual reference year and definition.

Output trend

Nominal GDP · annual observations · current US$ · World Bank
201520172019202120232025$166.77B$254.37B
2015: $166.77B2016: $166.74B2017: $187.22B2018: $227.37B2019: $233.64B2020: $180.90B2021: $209.69B2022: $287.37B2023: $268.88B2024: $279.64B2025: $254.37B
GDP per capita$5,410
Real growth-2.2%
GDP year2025
2025 Inflation
0.3%
CPI annual %
2025 Unemployment
15.5%
labor-market measure
2025 GDP per capita
$5,409.7
current US$

Macro signals

Available measures are shown with their reported reference periods.

Macro signals

World Bank annual observations
MACRO
Real growth2025-2.2%
Unemployment202515.5%
Inflation20250.3%
Understand the numbers

What Iraq's economic profile is telling you

Iraq's economy contracted by 2.2 percent in 2025 in the latest World Bank series. Inflation was low at 0.3 percent, but modeled unemployment remained high at 15.5 percent. The WTO profile exposes merchandise years that are not suitable for a current matched balance, so trade is left unavailable.

Reading the macro data

Nominal GDP measures current-dollar size. Real growth, inflation and unemployment describe different economic conditions.

Reading the trade data

Merchandise trade covers goods. A balance appears only when exports and imports have a verified matching year and currency basis.

Detailed Economic Data

IndicatorIraqReference periodStatus
GDPcurrent US$$254.37B2025Actual
GDP per capitacurrent US$$5,409.72025Actual
Real GDP growthannual %-2.2%2025Actual
InflationCPI annual %0.3%2025Actual
Unemploymentmodeled ILO estimate15.5%2025Estimate
Merchandise balancematched year requiredNot calculatedUnavailableUnavailable

Frequently Asked Questions

What is Iraq's latest GDP?

The World Bank GDP observation used here is $254.37B for 2025.

What does merchandise trade show for Iraq?

A current matched merchandise export and import pair was not independently resolved, so no goods balance is calculated.

Sources & methodology

Sources for the economic indicators and definitions shown above.

View sources used for this page
WTO Tariff and Trade Data

Matched-year merchandise trade where independently resolved.