Iraq Live GDP
$155,556,359,896
GDP Added Today
$313,137,978
Iraq GDP (2026)
LiveIraq has one of the Middle East's largest economies, supported by abundant oil reserves, agriculture, construction, manufacturing, and a growing services sector. The country holds significant energy resources that play a central role in exports, government revenue, and economic activity. Alongside its energy industry, Iraq continues to invest in infrastructure, transportation, electricity, and private sector development to strengthen long-term growth. This page provides the latest Iraq GDP data, historical trends, and economic outlook for 2026.
GDP Growth Rate (2026)
-6.80%
vs 2025
โผ โ6.40%
GDP Per Capita (2026)
$5,677
vs 2025
โผ โ$126
Global Rank (Nominal)
#56
of 218 countries
World Share
0.21%
of 2026 World GDP
Years Covered
2000โ2026
27 years
Iraq GDP Growth (2000โ2026)
Annual real GDP growth rate (%)
Historical Highlights
2000โ2026 GDP performance summary
Highest GDP
$288.06B
Lowest GDP
$15.80B
Average Growth
3.08%
2000โ2026
Best Growth
53.40%
Weakest Growth
-36.70%
Share of World GDP (2026)
Iraq
0.21%
United States
25.58%
China
16.47%
Germany
4.31%
Japan
3.46%
Rest of World
49.98%
Key Findings
โ
Iraq's GDP in 2026 is $264.78B.
โ
It ranks #56 among 218 countries.
โ
Iraq contributes 0.21% to the world economy.
โ
GDP per capita is $5,677 in 2026.
โ
The economy recorded GDP growth of -6.80% in 2026.
Historical Data
Iraq GDP Historical Data (2000โ2026)
| 2026 | $264,784,000,000 | -6.80% | $5,677 | 0.21% | #56 |
| 2025 | $264,167,000,000 | -0.40% | $5,803 | 0.22% | #54 |
| 2024 | $286,523,000,000 | 0.10% | $6,451 | 0.26% | #51 |
| 2023 | $270,799,000,000 | 0.90% | $6,251 | 0.25% | #51 |
| 2022 | $288,059,000,000 | 7.70% | $6,818 | 0.28% | #48 |
| 2021 | $210,753,000,000 | 1.40% | $5,117 | 0.21% | #53 |
| 2020 | $182,576,000,000 | -12.40% | $4,547 | 0.21% | #53 |
| 2019 | $236,682,000,000 | 5.60% | $6,049 | 0.27% | #50 |
| 2018 | $230,189,000,000 | 2.60% | $6,038 | 0.26% | #50 |
| 2017 | $190,048,000,000 | -1.50% | $5,117 | 0.23% | #53 |
| 2016 | $168,429,000,000 | 16.20% | $4,657 | 0.22% | #54 |
| 2015 | $177,634,000,000 | 2.50% | $5,045 | 0.23% | #54 |
| 2014 | $234,651,000,000 | 0.70% | $6,704 | 0.29% | #46 |
| 2013 | $234,638,000,000 | 7.60% | $7,021 | 0.30% | #48 |
| 2012 | $218,032,000,000 | 13.90% | $6,693 | 0.29% | #48 |
| 2011 | $185,750,000,000 | 7.50% | $5,849 | 0.25% | #52 |
| 2010 | $138,517,000,000 | 6.40% | $4,474 | 0.21% | #56 |
| 2009 | $111,660,000,000 | 3.40% | $3,702 | 0.18% | #58 |
| 2008 | $131,614,000,000 | 8.20% | $4,472 | 0.20% | #56 |
| 2007 | $88,833,000,000 | 1.90% | $3,091 | 0.15% | #60 |
| 2006 | $65,144,000,000 | 5.60% | $2,321 | 0.12% | #61 |
| 2005 | $50,065,000,000 | 1.70% | $1,829 | 0.10% | #61 |
| 2004 | $36,642,000,000 | 53.40% | $1,374 | 0.08% | #63 |
| 2003 | $15,800,000,000 | -36.70% | $609 | 0.04% | #86 |
| 2002 | $21,063,000,000 | -8.20% | N/A | 0.06% | #71 |
| 2001 | $21,113,000,000 | 1.80% | N/A | 0.06% | #70 |
| 2000 | $25,984,000,000 | 0.00% | N/A | 0.08% | #61 |
Iraq GDP Projections (IMF)
i| Year | GDP Nominal (Current USD) | GDP Growth Rate (%) | GDP Per Capita (USD) | World Share (%) | Global Rank |
|---|---|---|---|---|---|
| 2027 | $292,777,000,000 | 11.30% | $6,129 | 0.22% | #53 |
| 2028 | $305,531,000,000 | 3.50% | $6,246 | 0.22% | #53 |
| 2029 | $321,415,000,000 | 3.30% | $6,420 | 0.22% | #53 |
| 2030 | $339,825,000,000 | 3.40% | $6,636 | 0.23% | #52 |
| 2031 | $360,511,000,000 | 3.50% | $6,861 | 0.23% | #52 |
Iraq Economy Overview
Iraq has a resource-rich economy where services contribute a substantial share of GDP alongside the country's dominant energy sector. Oil production remains the backbone of the economy, accounting for the majority of export earnings and public revenue. The services sector includes finance, telecommunications, transportation, retail, healthcare, education, and public administration, while construction continues to expand through infrastructure and housing projects.
Agriculture remains an important source of employment, producing wheat, barley, rice, dates, vegetables, and livestock. Manufacturing includes food processing, cement, petrochemicals, building materials, and consumer goods, although it represents a smaller share of the economy than energy. Ongoing investment in electricity generation, transport networks, industrial development, renewable energy, and digital infrastructure aims to diversify economic activity and reduce reliance on oil over the long term.
Iraq GDP Outlook
Iraq's economic outlook is supported by its large energy reserves, infrastructure development, and efforts to expand private sector investment beyond oil production. Continued progress in construction, agriculture, manufacturing, logistics, and digital services could strengthen economic diversification and improve long-term resilience. However, fluctuations in global oil prices, regional security challenges, inflation, and external economic conditions may continue to influence short-term growth. Despite these risks, Iraq possesses significant long-term economic potential because of its natural resources, strategic location, and growing investment opportunities.