Foreign trade as a share of GDP reached 76.0 % in 2017 in Iraq, according to the National Statistical Office. This is 2.95 % more than in the previous year.
Historically, foreign trade as a share of GDP in Iraq reached an all time high of 154 % in 2003 and an all time low of 0.021 % in 1995. When compared to Iraq's main peers, foreign trade as a share of GDP in Iran amounted to 48.8 %, 98.0 % in Kuwait and 63.4 % in Saudi Arabia in 2017.
Iraq has been ranked 82nd within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 22 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.