Iraq recorded a Current Account deficit of 6216.80 USD Million in 2020. source: Central Bank of Iraq

Current Account in Iraq averaged 5812.60 USD Million from 1988 until 2020, reaching an all time high of 34369.50 USD Million in 2018 and a record low of -15410 USD Million in 2001. This page provides - Iraq Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Current Account - values, historical data and charts - was last updated on August of 2021.

Current Account in Iraq is expected to reach 16600.38 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Current Account is projected to trend around 11622.45 USD Million in 2022 and 9845.76 USD Million in 2023, according to our econometric models.

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Iraq Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-6216.80 15762.60 34369.50 -15410.00 1988 - 2020 USD Million Yearly

Iraq Trade Last Previous Highest Lowest Unit
Balance of Trade 5883.20 32167.60 47550.00 -3492.00 USD Million [+]
Current Account -6216.80 15762.60 34369.50 -15410.00 USD Million [+]
Current Account to GDP -12.60 1.10 12.70 -24.00 percent of GDP [+]
Imports 40927.30 49417.60 59349.00 2681.90 USD Million [+]
Exports 46810.50 81585.20 94209.00 1720.40 USD Million [+]
Gold Reserves 96.42 96.42 96.42 0.00 Tonnes [+]
Crude Oil Production 3862.00 3879.00 4830.00 0.00 BBL/D/1K [+]
Terrorism Index 8.68 9.24 10.00 4.09 [+]


Iraq Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).