Iraq Current Account to GDP

Iraq recorded a Current Account surplus of 4.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Iraq averaged -0.60 percent from 2001 until 2018, reaching an all time high of 12.70 percent in 2008 and a record low of -24 percent in 2004.

Current Account to GDP in Iraq is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Current Account to GDP is projected to trend around -3.00 percent in 2020, according to our econometric models.

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Iraq Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	18793.00	7090.00	47550.00	-3492.00	USD Million	[+]
Current Account	13954.50	2157.80	32344.00	-15410.00	USD Million	[+]
Current Account to GDP	4.90	2.10	12.70	-24.00	percent	[+]
Exports	57559.00	41298.00	94209.00	1720.40	USD Million	[+]
Imports	38766.00	34208.00	59349.00	2681.90	USD Million	[+]
Gold Reserves	96.30	96.30	96.30	0.00	Tonnes	[+]
Crude Oil Production	4500.00	4500.00	4830.00	0.00	BBL/D/1K	[+]
Terrorism Index	9.75	10.00	10.00	4.09		[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Iraq Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.90	2.10	12.70	-24.00	2001 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	3.00	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.60	Dec/17	-2.1	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-3.00	Dec/17	-3.3	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
South Africa	-3.50	Dec/18	-2.5	6 : -7.5	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%