Current account balance as a share of GDP reached 6.86 % in 2018 in Iraq, according to the National Statistical Office. This is 8751 % more than in the previous year.
Historically, current account balance as a share of GDP in Iraq reached an all time high of 6.86 % in 2018 and an all time low of -24.0 % in 2004. When compared to Iraq's main peers, current account balance as a share of GDP in Iran amounted to 1.35 %, 11.3 % in Kuwait and 8.40 % in Saudi Arabia in 2018.
Iraq has been ranked 21st within the group of 172 countries we follow in terms of current account balance as a share of GDP, 4 places behind the position seen 10 years ago.
The current account is one of the two primary components of the balance of payments, the other being the capital account.
| Current Account Balance (As % of GDP) | Unit | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Bahrain | % | -0.045% | -2.46% | -2.31% | -2.52% | -2.92% | ||||
| Iran | % | 2.20% | 1.35% | 0.257% | -1.10% | -0.931% | ||||
| Iraq | % | 0.078% | 6.86% | 3.15% | -1.69% | -3.38% | ||||
| Jordan | % | -0.107% | -9.63% | -8.64% | -7.67% | -6.87% | ||||
| Kuwait | % | 0.065% | 11.3% | 11.0% | 8.92% | 7.17% | ||||
| Lebanon | % | -0.231% | -25.6% | -25.5% | -24.4% | -23.3% | ||||
| Pakistan | % | -0.053% | -5.92% | -5.34% | -5.17% | -5.48% | ||||
| Saudi Arabia | % | 0.015% | 8.40% | 8.80% | 7.63% | 5.38% | ||||
| Syria | % | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Turkey | % | -0.056% | -5.70% | -1.44% | -1.80% | -2.10% | ||||
| Turkmenistan | % | -11.5% | -8.18% | -6.35% | -6.15% | -6.12% | ||||
| United Arab Emirates | % | 6.92% | 7.21% | 7.47% | 5.69% | 4.75% | ||||
| Yemen | % | -3.95% | -9.34% | -7.44% | -4.52% | -5.81% |
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