Iraq 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$250.84 billion
↓ 12.49% vs 2022GDP per Capita
$5,565.13
↓ 14.44% vs 2022GDP Growth (Annual %)
-2.94%
↓ 10.58pp vs 2022Inflation Rate (CPI %)
4.36%
↓ 0.64pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $286.64 billion | $250.84 billion | -12.49% |
| GDP per Capita | $6,504.12 | $5,565.13 | -14.44% |
| GDP Growth (Annual %) | 7.64% | -2.94% | -10.58pp |
| Inflation (CPI %) | 4.99% | 4.36% | -0.64pp |
| Unemployment Rate (%) | 15.51% | 15.45% | -0.06pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $250.84 billion
- GDP per Capita
- $5,565.13
- GDP Growth (Annual %)
- -2.94%
- Gross National Income
- $251.82 billion
Prices & Employment
- Inflation (CPI %)
- 4.36%
- Inflation (GDP Deflator %)
- -18.19%
- Unemployment Rate (%)
- 15.45%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 11.31%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Iraq's Gross Domestic Product (GDP) is $250.84 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Iraq for 2023 is $5,565.13. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Iraq for 2023 is 4.36%. This measures the annual percentage change in the cost of consumer goods and services.
Iraq's annual GDP growth rate for 2023 is -2.94%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Iraq for 2023 is 15.45%. This represents the percentage of the labor force that is unemployed and actively seeking employment.