Short-term debt (% of total external debt) in Iraq
Iraq: Short-term debt (% of total external debt) was 4.1% in 2024. ▲ Rising
Short-term debt in Iraq, 2015–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, short-term debt in Iraq stood at 4.1%.
That represents a change of down 13.3% on the previous year and up 8.4% over ten years.
Over the whole period, short-term debt in Iraq peaked at 5.4% in 2016 and was at its lowest, 2.1%, in 2018.
That places Iraq 86th out of 122 countries with data for 2024, putting it in the middle of the range.
Short-term debt (% of total external debt) in Iraq, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 2015 | 3.8% | — |
| 2016 | 5.4% | +41.0% |
| 2017 | 3.9% | -28.0% |
| 2018 | 2.1% | -46.1% |
| 2019 | 2.8% | +32.6% |
| 2020 | 2.2% | -20.6% |
| 2021 | 2.4% | +11.0% |
| 2022 | 5.1% | +107.9% |
| 2023 | 4.8% | -6.0% |
| 2024 | 4.1% | -13.3% |
Iraq compared with similar countries
- Iraq's 4.1% is below the median for upper middle income countries, which is 11.8%, 35% of the median. (52 countries reporting)
- Iraq's 4.1% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 15.0%, 28% of the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.6% | 2.1% | 5.4% | 5 |
| 2020s | 3.7% | 2.2% | 5.1% | 5 |
Countries ranked near Iraq
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 short-term debt in Iraq?
- Short-term debt in Iraq was 4.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Iraq?
- The highest recorded value was 5.4% in 2016.
- What is the lowest short-term debt recorded in Iraq?
- The lowest recorded value was 2.1% in 2018.
- How does Iraq rank for short-term debt?
- Iraq ranks 86th out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Iraq?
- Over the last ten years it is up 8.4%. 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 Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.