Iraq recorded a government debt equivalent to 48.40 percent of the country's Gross Domestic Product in 2018.

Government Debt to GDP in Iraq averaged 94.55 percent from 2004 until 2018, reaching an all time high of 344.30 percent in 2004 and a record low of 32 percent in 2013. This page provides - Iraq Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Government Debt to GDP - values, historical data and charts - was last updated on October of 2020.

Government Debt to GDP in Iraq is expected to reach 55.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Government Debt to GDP is projected to trend around 62.00 percent in 2021 and 65.00 percent in 2022, according to our econometric models.

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Iraq Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
48.40 59.60 344.30 32.00 2004 - 2018 percent Yearly

Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 59.60 344.30 32.00 percent [+]
Government Budget -0.90 7.90 10.70 -34.90 percent of GDP [+]
Government Budget Value 790508.00 2056534.00 61244368.00 -13581445.00 IQD Million [+]
Government Revenues 18168104.00 12805958.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 17377596.00 10749424.00 111723523.00 468749.00 IQD Million [+]
Military Expenditure 6200.00 7416.00 9536.00 2037.00 USD Million [+]
Credit Rating 23.00 [+]


Iraq Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.