Iraq - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Iraq was 7.07 as of 2019. Its highest value over the past 49 years was 31.93 in 1980, while its lowest value was -40.09 in 1982.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | 17.14 |
| 1971 | 20.66 |
| 1972 | 15.44 |
| 1973 | 21.72 |
| 1974 | 29.47 |
| 1975 | 9.76 |
| 1976 | 21.46 |
| 1977 | 15.36 |
| 1978 | 25.03 |
| 1979 | 31.29 |
| 1980 | 31.93 |
| 1981 | -30.67 |
| 1982 | -40.09 |
| 1983 | -8.31 |
| 1984 | -4.00 |
| 1985 | -4.67 |
| 1986 | -9.94 |
| 1987 | -2.91 |
| 1988 | -3.12 |
| 1989 | -0.91 |
| 1990 | 0.27 |
| 1991 | -1.21 |
| 1992 | -0.76 |
| 1993 | -0.39 |
| 1994 | -0.03 |
| 1995 | -0.01 |
| 1996 | -0.01 |
| 1997 | 21.51 |
| 1998 | 23.55 |
| 1999 | 16.96 |
| 2000 | 26.07 |
| 2001 | 3.77 |
| 2002 | 21.38 |
| 2003 | 0.55 |
| 2004 | -7.69 |
| 2005 | -7.05 |
| 2006 | 12.41 |
| 2007 | 17.71 |
| 2008 | 19.60 |
| 2009 | 0.11 |
| 2010 | 5.34 |
| 2011 | 16.66 |
| 2012 | 15.41 |
| 2013 | 11.92 |
| 2014 | 8.90 |
| 2015 | -0.56 |
| 2016 | 1.63 |
| 2017 | 8.05 |
| 2018 | 15.80 |
| 2019 | 7.07 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
