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household debts in Iraq

Gross debt in Iraq

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Iraq in the period from 2004 to 2020 was between 74.2 billion and 155.3 billion USD. The highest level of the last years at 155 billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is a debt of 3,648 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.


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Gross debt of the last 16 years in billion USD




YearIraq totalIraq per capitaEU per capita
2004126.12 bn USD4,793 USD17,595 USD
2005113.57 bn USD4,218 USD18,327 USD
200693.26 bn USD3,398 USD18,877 USD
2007104.01 bn USD3,727 USD20,898 USD
200897.62 bn USD3,439 USD24,086 USD
200997.56 bn USD3,367 USD25,361 USD
201074.15 bn USD2,493 USD26,496 USD
201175.64 bn USD2,462 USD29,231 USD
201275.83 bn USD2,378 USD28,174 USD
201375.05 bn USD2,264 USD29,981 USD
201475.06 bn USD2,181 USD30,648 USD
201594.95 bn USD2,515 USD25,918 USD
2016111.63 bn USD2,885 USD26,261 USD
2017110.57 bn USD2,791 USD27,024 USD
2018108.75 bn USD2,679 USD28,448 USD
2019105.46 bn USD2,537 USD27,168 USD
2020155.26 bn USD3,648 USD30,783 USD


Comparison of gross debt per capita with the European Union in U.S. dollars



      Iraq       European Union


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