Current Account Balance in Iraq
The current account balance in Iraq averaged 6.5% of GDP in the decade to 2021, above the Middle East & North Africa average of 3.8% of GDP. The 2021 value was 11.9% of GDP. For more current account information, visit our dedicated page.
Iraq Current Account Chart
Note: This chart displays Current Account (% of GDP) for Iraq from 2023 to 2022.
Source: Macrobond.
Iraq Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 6.8 | -3.5 | 11.9 | 20.4 | 11.7 |
| Current Account Balance (USD bn) | 15.8 | -6.3 | 24.6 | 58.0 | 28.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Iraqi current account projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Iraqi current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Iraqi current account projections.
Want to get access to the full dataset of Iraqi current account forecasts? Send an email to info@focus-economics.com.