Net incurrence of liabilities, total (% of GDP) in Iraq
Iraq: Net incurrence of liabilities, total (% of GDP) was -0.4% 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 % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Iraq is -0.4%, measured in 2019. That is the lowest value across all 6 years on record.
Compared with earlier readings it is down 127.6% on the previous year and down 111.2% over ten years.
Iraq ranks 126th of 136 countries on this measure, in the bottom quarter.
Net incurrence of liabilities, total (% of GDP) in Iraq, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | 3.3% | — |
| 2015 | 7.0% | +112.6% |
| 2016 | 6.0% | -13.4% |
| 2017 | 3.7% | -38.3% |
| 2018 | 1.3% | -64.2% |
| 2019 | -0.4% | -127.6% |
Iraq compared with similar countries
- Iraq's -0.4% is below the median for upper middle income countries, which is 2.9%. (47 countries reporting)
- Iraq's -0.4% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.1%. (13 countries reporting)
Countries ranked near Iraq
- 123 Marshall Islands -0.1% compare
- 124 Netherlands -0.1%
- 125 Bolivia -0.3%
- 127 Saint Lucia -0.6%
- 128 Angola -0.7% compare
- 129 Jamaica -0.9%
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 net incurrence of liabilities, total in Iraq?
- Net incurrence of liabilities, total in Iraq was -0.4% 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 7.0% in 2015.
- What is the lowest net incurrence of liabilities, total recorded in Iraq?
- The lowest recorded value was -0.4% in 2019.
- How does Iraq rank for net incurrence of liabilities, total?
- Iraq ranks 126th 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 111.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.