Goods and services expense (current LCU) in Iraq
Iraq: Goods and services expense (current LCU) was 9.45 trillion current LCU in 2019. ▬ Flat
Goods and services expense in Iraq, 2014–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Iraq recorded 9.45 trillion current LCU for goods and services expense in 2019. That is the highest value across all 6 years on record.
Compared with earlier readings it is up 118.5% on the previous year and up 6.3% over ten years.
That places Iraq 9th out of 155 countries with data for 2019, putting it in the top 10%.
Goods and services expense (current LCU) in Iraq, year by year
| Year | current LCU | Change |
|---|---|---|
| 2014 | 8.89 trillion current LCU | — |
| 2015 | 4.70 trillion current LCU | -47.2% |
| 2016 | 4.09 trillion current LCU | -13.0% |
| 2017 | 4.03 trillion current LCU | -1.3% |
| 2018 | 4.33 trillion current LCU | +7.3% |
| 2019 | 9.45 trillion current LCU | +118.5% |
Iraq compared with similar countries
- Iraq's 9.45 trillion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 245.6× the median. (46 countries reporting)
- Iraq's 9.45 trillion current LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 40.65 billion current LCU, 232.6× the median. (14 countries reporting)
Countries ranked near Iraq
More public sector data for Iraq
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 55.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.4995 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -20.69 % change on previous year (2024)
Frequently asked questions
- What is goods and services expense in Iraq?
- Goods and services expense in Iraq was 9.45 trillion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Iraq?
- The highest recorded value was 9.45 trillion current LCU in 2019.
- What is the lowest goods and services expense recorded in Iraq?
- The lowest recorded value was 4.03 trillion current LCU in 2017.
- How does Iraq rank for goods and services expense?
- Iraq ranks 9th out of 155 countries with data for 2019.
- Is goods and services expense rising or falling in Iraq?
- Over the last ten years it is up 6.3%. The long-run trend across the full record is flat.
- Where does this Iraq data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.