Iraq
#54 economy by nominal GDP · Middle East, North Africa, Afghanistan & Pakistan · Upper middle income
GDP
$254.37B
Iraq accounts for 0.22% of the tracked GDP on Open Market Rank. Its GDP is 1.03× Hungary’s.
World Bank ·2025 data ·Snapshot Oct 11, 2026
Source: World Bank · 2021–2025
Iraq GDP moved from $210B to $254B.
Source: World Bank · 2016–2025
Iraq GDP moved from $167B to $254B.
Source: World Bank · 2001–2025
Iraq GDP moved from $36.2B to $254B.
Source: World Bank · 2001–2025
Iraq GDP moved from $36.2B to $254B.
Key indicators
GDP per person
$5,410
2025
Real GDP growth
−2.16%
2025
Population
47.0M
2025
National wealth
$3.2T
Latest available estimate
Inflation
0.30%
2025
Unemployment
15.48%
2025
Life expectancy
72.4 years
2025
Foreign reserves
$98.5B
2025
Money supply (M2)
$122B
2025
How it compares
Nearby in the economies ranking — open any of them side by side.
Indicators over time
Population
PeopleSource: World Bank · 2001–2025
Iraq population changed from 25,197,840 in 2001 to 47,020,774 in 2025.
Inflation
Annual %Source: World Bank · 2001–2025
Iraq inflation changed from 16.37% in 2001 to 0.30% in 2025.
About Iraq
Iraq is ranked #54 among the economies tracked by Open Market Rank based on nominal GDP. Its latest available GDP is $254B, representing 0.22% of tracked global GDP. Real GDP changed by -2.16% in 2025.
GDP measures economic output during a year. It is different from national wealth, which estimates the value of accumulated assets.
Data & sources
Source: World Bank. The reporting date of a data point is different from the time Open Market Rank refreshed this page. Economic indicators are published on their own schedules, while market prices and exchange rates may update much more frequently.
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