Total External Debt for Iraq
IRQDGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.39
Year-over-Year Change
-19.34%
Date Range
1/1/2003 - 1/1/2025
Summary
The 'Total External Debt for Iraq' indicator measures Iraq's total outstanding debt owed to foreign creditors. This metric is critical for economists and policymakers to assess Iraq's financial health and sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The total external debt for Iraq represents the entire stock of debt obligations owed by Iraqi public and private entities to non-resident creditors. This includes debt owed to foreign governments, multilateral institutions, and private lenders. Monitoring this metric is crucial for understanding Iraq's fiscal position and creditworthiness.
Methodology
The data is collected and calculated by the World Bank based on reports from national authorities and debt management offices.
Historical Context
Policymakers and analysts use this metric to evaluate Iraq's debt burden and ability to service its obligations, which informs economic and fiscal policies.
Key Facts
- Iraq's total external debt was $121.7 billion in 2021.
- External debt accounted for 52.4% of Iraq's GDP in 2021.
- Iraq's external debt has declined from a peak of 304% of GDP in 2003.
FAQs
Q: What does this economic trend measure?
A: The 'Total External Debt for Iraq' indicator measures the total outstanding debt owed by Iraqi public and private entities to non-resident creditors.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Iraq's total external debt is crucial for understanding the country's fiscal position, creditworthiness, and ability to service its debt obligations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from national authorities and debt management offices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Iraq's debt burden, which informs economic and fiscal policies aimed at ensuring debt sustainability.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, as it relies on reporting from national authorities and debt management offices.
Related Trends
Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Iraq
DDDI12IQA156NWDB
Number of Identified Exporters to Iraq from Washington
WAIRQA475SCEN
Liquid Liabilities (Broad Money) for Iraq
DDOI07IQA648NWDB
Bank's Overhead Costs to Total Assets for Iraq
DDEI04IQA156NWDB
Value of Exports to Iraq from Nevada
NVIRQA052SCEN
Value of Exports to Iraq from Maine
MEIRQA052SCEN
Citation
U.S. Federal Reserve, Total External Debt for Iraq (IRQDGDPGDPPT), retrieved from FRED.