Debt service (PPG and IMF only, % of exports of goods, services and) in Iraq
Iraq: Debt service (PPG and IMF only, % of exports of goods, services and) was 2.9% in 2024. ▲ Rising
Debt service (PPG and IMF only, % of exports of goods, services and) in Iraq, 2015–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
The most recent figure for debt service (ppg and imf only, % of exports of goods, services and) in Iraq is 2.9%, measured in 2024.
Compared with earlier readings it is down 25.9% on the previous year and down 12.1% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Iraq peaked at 7.8% in 2020 and was at its lowest, 2.1%, in 2018.
That places Iraq 103rd out of 118 countries with data for 2024, putting it in the bottom quarter.
Debt service (PPG and IMF only, % of exports of goods, services and) in Iraq, year by year
| Year | Value | Change |
|---|---|---|
| 2015 | 3.3% | — |
| 2016 | 2.8% | -14.5% |
| 2017 | 2.3% | -20.7% |
| 2018 | 2.1% | -5.2% |
| 2019 | 3.0% | +39.4% |
| 2020 | 7.8% | +161.8% |
| 2021 | 5.2% | -32.9% |
| 2022 | 3.6% | -31.8% |
| 2023 | 3.9% | +10.6% |
| 2024 | 2.9% | -25.9% |
Iraq compared with similar countries
- Iraq's 2.9% is below the median for upper middle income countries, which is 7.8%, 37% of the median. (50 countries reporting)
- Iraq's 2.9% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 10.0%, 29% of the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.7% | 2.1% | 3.3% | 5 |
| 2020s | 4.7% | 2.9% | 7.8% | 5 |
Countries ranked near Iraq
- 100 India 3.2% compare
- 101 East Timor 3.0% compare
- 102 Bulgaria 2.9% compare
- 104 Sudan 2.9% compare
- 105 Solomon Islands 2.6% compare
- 106 Afghanistan 2.2% compare
More external debt data for Iraq
- Public and publicly guaranteed debt service 1.2% (2024)
- Net financial flows, IDA -16.46 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -0.3574 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0001 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -255.68 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 2.8% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre -37.71 NFL, current US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), annual growth rate -0.5069 % change on previous year (2024)
- Net financial flows, IBRD (NFL, current US$), annual growth rate -65.2 % change on previous year (2024)
- Other investment, Debt instruments 30.91 billion US dollar (2014)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Iraq?
- Debt service (ppg and imf only, % of exports of goods, services and) in Iraq was 2.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Iraq?
- The highest recorded value was 7.8% in 2020.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Iraq?
- The lowest recorded value was 2.1% in 2018.
- How does Iraq rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Iraq ranks 103rd out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Iraq?
- Over the last ten years it is down 12.1%. The long-run trend across the full record is rising.
- Where does this Iraq data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.