Net incurrence of liabilities, total in Iraq
Iraq: Net incurrence of liabilities, total was -1.02 trillion current LCU in 2019. ◆ Volatile
Net incurrence of liabilities, total in Iraq, 2014–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net incurrence of liabilities, total in Iraq is -1.02 trillion current LCU, measured in 2019. That is the lowest value across all 6 years on record.
The figure is down 128.4% on the previous year and down 111.7% over ten years.
Iraq ranks 136th of 136 countries on this measure, in the bottom quarter.
Net incurrence of liabilities, total in Iraq, year by year
| Year | current LCU | Change |
|---|---|---|
| 2014 | 8.72 trillion current LCU | — |
| 2015 | 13.55 trillion current LCU | +55.4% |
| 2016 | 11.87 trillion current LCU | -12.4% |
| 2017 | 8.24 trillion current LCU | -30.6% |
| 2018 | 3.59 trillion current LCU | -56.5% |
| 2019 | -1.02 trillion current LCU | -128.4% |
Iraq compared with similar countries
- Iraq's -1.02 trillion current LCU is below the median for upper middle income countries, which is 48.87 billion current LCU. (47 countries reporting)
- Iraq's -1.02 trillion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 12.20 billion current LCU. (13 countries reporting)
Countries ranked near Iraq
- 133 Netherlands -408.40 million current LCU
- 134 Jamaica -13.26 billion current LCU
- 135 Angola -778.29 billion current LCU compare
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)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is net incurrence of liabilities, total in Iraq?
- Net incurrence of liabilities, total in Iraq was -1.02 trillion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Iraq?
- The highest recorded value was 13.55 trillion current LCU in 2015.
- What is the lowest net incurrence of liabilities, total recorded in Iraq?
- The lowest recorded value was -1.02 trillion current LCU in 2019.
- How does Iraq rank for net incurrence of liabilities, total?
- Iraq ranks 136th out of 136 countries with data for 2019.
- Is net incurrence of liabilities, total rising or falling in Iraq?
- Over the last ten years it is down 111.7%. The long-run trend across the full record is volatile.
- 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.