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Economy of Iraq vs Jordan compared: GDP & Debt

Updated on by Georank

Iraq has a GDP of $254B compared to $61.6B for Jordan, ranking 54/197 and 90/197 by economy size, respectively.

Iraq has $137B in government debt (53.9% of GDP), compared to $51B (82.8% of GDP) in Jordan.

Iraq vs Jordan GDP by year

Iraq
Jordan
1x
Year GDP, current $
Iraq Jordan
2025 $254,367,293,538 $61,610,052,535
2024 $279,641,257,615 $58,618,380,563
2023 $268,881,051,644 $56,123,472,113
2022 $287,372,232,138 $53,516,930,141
2021 $209,691,945,713 $50,702,940,986
2020 $180,898,797,517 $47,931,770,986
2019 $233,636,097,800 $48,640,273,803
2018 $227,367,469,034 $47,435,850,423
2017 $187,217,660,051 $45,535,614,366
2016 $166,743,557,748 $43,688,498,732
2015 $166,774,104,959 $42,394,049,296
2014 $228,415,656,175 $40,535,098,592
2013 $234,637,675,129 $37,873,362,958
2012 $218,002,476,129 $34,854,017,887
2011 $185,749,664,444 $32,640,291,549
2010 $138,516,722,650 $30,202,773,521
2009 $111,657,580,326 $27,462,496,197
2008 $131,614,434,154 $25,651,620,831
2007 $88,837,057,320 $17,110,437,236
2006 $65,147,051,918 $15,056,981,664
2005 $50,065,104,668 $12,588,998,590
2004 $36,633,669,269 $11,411,706,629
2003 $21,921,569,479 $10,195,627,645
2002 $32,928,454,672 $9,582,510,578
2001 $36,176,430,129 $8,975,814,653
2000 $48,364,250,944 $8,460,789,845
1999 $36,881,601,584 $8,149,929,478
1998 $20,617,405,044 $7,912,270,804
1997 $20,764,857,056 $7,245,839,210
1996 $10,433,698,621 $6,927,503,526
1995 $12,894,029,888 $6,727,597,032
1994 $3,991,349,283 $6,236,295,978
1993 $1,031,944,881 $5,606,400,222
1992 $553,671,958 $5,310,833,194
1991 $407,796,350 $4,344,467,193
1990 $180,408,064,516 $4,160,087,508
1989 $65,831,935,484 $4,221,373,674
1988 $62,684,516,129 $6,277,451,829
1987 $56,774,193,548 $6,756,209,762
1986 $47,264,516,129 $6,402,050,485
1985 $48,425,161,290 $4,993,601,520
1984 $46,938,387,097 $4,967,162,160
1983 $40,712,903,226 $4,920,692,191
1982 $42,382,333,333 $4,681,240,993
1981 $37,823,000,000 $4,383,944,703
1980 $52,569,000,000 $3,910,044,474
1979 $37,816,457,839 $3,271,368,781
1978 $23,762,275,652 $2,602,208,589
1977 $19,838,130,715 $2,096,778,602
1976 $17,754,825,601 $1,708,521,219
1975 $13,458,516,763 $1,363,073,498
1974 $11,516,762,614 $1,197,483,949
1973 $5,134,367,778 $943,783,840
1972 $4,113,848,002 $788,479,685
1971 $3,865,346,535 $678,159,729
1970 $3,281,318,687 $639,519,744
1969 $3,007,758,797 $698,879,720
1968 $2,896,598,841 $561,119,776
1967 $2,551,522,656 $631,679,747
1966 $2,530,306,096 $657,999,737
1965 $2,335,785,506 $599,759,760
1964 $2,136,408,198 -
1963 $1,805,901,510 -
1962 $1,784,174,541 -
1961 $1,671,960,965 -
1960 $1,537,252,193 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/iraq/jordan | CC BY

GDP per capita in Iraq vs Jordan by year

Iraq
GDP per capita

GDP per capita, PPP
Jordan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iraq Jordan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,410 - $5,348 -
2024 $6,074 $14,464 $5,074 $10,821
2023 $5,965 $14,653 $4,906 $10,412
2022 $6,521 $14,391 $4,754 $9,927
2021 $4,868 $12,732 $4,582 $9,182
2020 $4,295 $10,574 $4,411 $9,579
2019 $5,672 $12,249 $4,558 $9,429
2018 $5,647 $12,034 $4,534 $9,042
2017 $4,759 $10,192 $4,449 $9,266
2016 $4,334 $9,079 $4,366 $8,748
2015 $4,440 $9,334 $4,442 $8,967
2014 $6,249 $13,168 $4,611 $9,145
2013 $6,650 $14,669 $4,739 $9,817
2012 $6,478 $14,402 $4,594 $9,739
2011 $5,776 $12,912 $4,363 $9,632
2010 $4,462 $12,186 $4,139 $9,417
2009 $3,715 $11,687 $3,845 $9,291
2008 $4,543 $11,657 $3,670 $8,983
2007 $3,129 $10,783 $2,506 $8,416
2006 $2,277 $10,223 $2,343 $8,046
2005 $1,762 $9,457 $2,088 $7,697
2004 $1,328 $9,290 $1,940 $7,074
2003 $818 $6,068 $1,776 $6,500
2002 $1,266 $9,682 $1,706 $6,256
2001 $1,436 $10,720 $1,632 $5,948
2000 $1,980 $10,628 $1,571 $5,641
1999 $1,560 $9,194 $1,545 $5,402
1998 $901 $7,964 $1,532 $5,264
1997 $936 $6,020 $1,436 $5,171
1996 $485 $5,034 $1,410 $5,055
1995 $619 $4,598 $1,416 $5,027
1994 $198.2 $4,560 $1,367 $4,830
1993 $53.7 $4,509 $1,289 $4,726
1992 $30.3 $3,547 $1,287 $4,654
1991 $23 $2,694 $1,110 $4,195
1990 $10,261 - $1,149 $4,317
1989 $3,791 - $1,260 -
1988 $3,707 - $1,966 -
1987 $3,436 - $2,217 -
1986 $2,940 - $2,200 -
1985 $3,088 - $1,797 -
1984 $3,066 - $1,871 -
1983 $2,743 - $1,939 -
1982 $2,942 - $1,929 -
1981 $2,700 - $1,885 -
1980 $3,868 - $1,750 -
1979 $2,871 - $1,519 -
1978 $1,863 - $1,249 -
1977 $1,609 - $1,039 -
1976 $1,489 - $873 -
1975 $1,166 - $718 -
1974 $1,031 - $651 -
1973 $476 - $531 -
1972 $394 - $460 -
1971 $384 - $412 -
1970 $337 - $409 -
1969 $320 - $474 -
1968 $319 - $409 -
1967 $290.6 - $497 -
1966 $298.2 - $558 -
1965 $284.8 - $546 -
1964 $269.4 - - -
1963 $235.5 - - -
1962 $240.7 - - -
1961 $232.4 - - -
1960 $218.9 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/iraq/jordan | CC BY

Iraq's GDP per capita is $5,410, ranking 119/197, compared to $5,348 in Jordan, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Iraq ranks 115th at $14,464, while Jordan ranks 131st at $10,821.

Economic indicators

Iraq Jordan
Gross domestic product
$254B
2025
$61.6B
2025
GDP rank
54/197
2025
90/197
2025
GDP growth
-2.16%
2024-2025
2.83%
2024-2025
GDP per capita
$5,410
2025
$5,348
2025
GDP per capita rank
119/197
2025
120/197
2025
GDP per capita, PPP
$14,464
2024
$10,821
2024
GDP per capita PPP rank
115/197
2024
131/197
2024
Government debt
$137B
2025
$51B
2025
Debt-to-GDP ratio
53.9%
2025
82.8%
2025
Government debt per person
$2,917
2025
$4,430
2025
Government debt per person rank
108/185
2025
91/185
2025
Average annual personal income after taxes
$6,782
2026
$4,506
2026
Market capitalization of domestic companies n/a
$37.4B
2025
Income share by richest 10%
24.2%
2023
27.4%
2010
Income share by poorest 10%
3.7%
2023
3.5%
2010
Government expenditure, % of GDP
42.7%
2025
33.7%
2025
Consumer prices inflation
0.3%
2024-2025
1.77%
2024-2025
Central bank interest rate n/a
5.75%
2025
Unemployment rate
16.2%
2021
16.8%
2024
Population
48531417
11538682

Spending and national debt comparison by year

Iraq
Spending

Debt
Jordan
Spending

Debt
1x
Year % of GDP
Iraq Jordan
Government spending Government debt Government spending Government debt
2025 42.7% 53.9% 33.7% 82.8%
2024 41.7% 45.2% 34.6% 82.1%
2023 41.2% 42.1% 33.9% 81%
2022 33.9% 39% 32.8% 80.7%
2021 36.3% 54.7% 33.8% 79.9%
2020 41.9% 72.5% 33% 77.9%
2019 34.7% 41.7% 32.7% 69.4%
2018 31.1% 44.4% 33.3% 67.9%
2017 35.5% 55.9% 31.7% 69.1%
2016 42.4% 60.3% 30% 70.7%
2015 43.5% 48.3% 32.3% 71.4%
2014 43.8% 27.6% 36.3% 68.2%
2013 48.2% 32% 34.5% 68.8%
2012 42.9% 34.8% 28.3% 64%
2011 43.4% 40.7% 29.3% 56.1%
2010 49.6% 53.5% 26.6% 53.4%
2009 61.1% 87.4% 30.7% 51.8%
2008 57.3% 74.2% 29.6% 47.9%
2007 44% 117.1% 32.4% 58.2%
2006 50.3% 143.2% 34% 60%
2005 63.2% 227.3% 36.6% 66.1%
2004 91.5% 344% 35.1% 73.8%
2003 - - 35% 80.4%
2002 - - 31.6% 85.9%
2001 - - 30.6% 85.5%
2000 - - 31.2% 89.9%
1999 - - 31.8% 98.7%
1998 - - 32.3% 96.3%
1997 - - 30.7% 94.7%
1996 - - 32.6% 101.2%
1995 - - 32.1% 102.4%
1994 - - 30.6% 112.1%
1993 - - 32.5% 122.1%
1992 - - 31.7% 134.7%
1991 - - 39.6% 180.5%
1990 - - 39.9% 197.7%
1989 - - 42.5% 195.4%
1988 - - 44.3% 129.3%
1987 - - 42.1% 101.9%
1986 - - 33.8% 84.3%
1985 - - 42.4% 85.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

GeoRank.org/economy/iraq/jordan | CC BY

In 2025, Iraq's government spending was $109B, accounting for 42.7% of its GDP, while Jordan spent $20.8B, or 33.7% of GDP.

Debt-to-GDP ratio is 53.9% in Iraq and 82.8% in Jordan, ranking 95/185 and 39/185, respectively.

Government deficit by year

Deficit/surplus
Iraq

Jordan
1x
Year Deficit/surplus, % of GDP
Iraq Jordan
2025 -6.41% -6.35%
2024 -3.45% -7.27%
2023 -1.14% -6.49%
2022 8.1% -4.9%
2021 -0.38% -6.62%
2020 -12.8% -7.56%
2019 0.83% -5.06%
2018 7.69% -4.23%
2017 -1.52% -3.22%
2016 -14.4% -2.62%
2015 -12.8% -5.18%
2014 -5.63% -6.75%
2013 -6.06% -8.78%
2012 4.09% -3.33%
2011 4.74% -1.21%
2010 -4.18% 0.19%
2009 -14.9% -2.28%
2008 -0.86% 1.92%
2007 9.98% 2.76%
2006 10.7% -1.86%
2005 4.07% -2.2%
2004 -35.4% 0.56%
2003 - -1.6%
2002 - -3.21%
2001 - -1.13%
2000 - -1.85%
1999 - -1.13%
1998 - -5.59%
1997 - -2.68%
1996 - -2.69%
1995 - -1.45%
1994 - -1.67%
1993 - -1.43%
1992 - 2.07%
1991 - -8.1%
1990 - -6.82%
1989 - -6.89%
1988 - -13%
1987 - -13.4%
1986 - -2.39%
1985 - -6.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

GeoRank.org/economy/iraq/jordan | CC BY

In 2025, Iraq's government deficit, the difference between spending and revenue, was $16.3B, equivalent to 6.41% of GDP. This compares to Jordan's deficit of $3.91B, or 6.35% of GDP.

Over the past 22 years, Iraq recorded a fiscal deficit in 14 of those years, while Jordan ran a deficit in 18 years. On average, Iraq posted an annual deficit equal to 3.17% of GDP, compared to deficit of 3.66% of GDP for Jordan.

Inflation comparison by year

Inflation
Iraq

Jordan
1x
Year Consumer prices inflation
Iraq Jordan
2025 0.3% 1.77%
2024 2.61% 1.56%
2023 4.36% 2.08%
2022 4.99% 4.23%
2021 6.04% 1.35%
2020 0.57% 0.33%
2019 -0.2% 0.76%
2018 0.37% 4.46%
2017 0.18% 3.32%
2016 0.56% -0.78%
2015 1.39% -0.88%
2014 2.24% 2.9%
2013 1.88% 4.82%
2012 6.09% 4.52%
2011 5.6% 4.16%
2010 2.43% 4.85%
2009 6.87% -0.74%
2008 12.7% 14%
2007 -10.1% 4.74%
2006 53.2% 6.25%
2005 37% 3.49%
2004 27% 3.36%
2003 33.6% 1.63%
2002 19.3% 1.83%
2001 16.4% 1.77%
2000 4.98% 0.67%
1999 12.6% 0.61%
1998 14.8% 3.09%
1997 23.1% 3.04%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/iraq/jordan | CC BY

Over the past 29 years, Iraq has recorded an average annual inflation rate of 10%, compared with 2.87% in Jordan. In 2025, inflation was 0.3% in Iraq and 1.77% in Jordan.

Top exports between countries

Iraq
Export category Export value
Animal & marine products $11.7M
Raw materials & minerals $1.1M
Raw agricultural goods $369K
Processed food, beverages & tobacco $344K
Textiles & consumer goods $115K
Machinery & equipment $5K
Jordan
Export category Export value
Chemicals & pharma $533M
Raw materials & minerals $200M
Machinery & equipment $193M
Processed food, beverages & tobacco $151M
Animal & marine products $97.7M
Raw agricultural goods $62.6M
Metals $52.6M
Wood & paper products $51.5M
Textiles & consumer goods $13.2M
Miscellaneous $5.4M

Balance of trade

Iraq Jordan
Current account balance
$8.37B
2024
-$3.13B
2024
Current account balance ranking
27/190
2024
152/190
2024
Current account balance, % of GDP
+2.99%
2024
-5.33%
2024
Goods imports
$74.3B
2024
$23.9B
2024
Goods exports
$101B
2024
$13.3B
2024
Service imports
$30.2B
2024
$6.5B
2024
Service exports
$10.2B
2024
$9.45B
2024
Imports of goods and services, % of GDP
37.4%
2024
57.1%
2024
Exports of goods and services, % of GDP
39.8%
2024
42.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Iraq Jordan
Economic freedom 15.6 59.3
Economic freedom ranking 196/197 104/197
Property rights 8.3 52.3
Government integrity 20.2 51
Judicial effectiveness 5.8 44
Tax burden 85.5 84.1
Government spending 65.3 67.2
Fiscal health 95.7 5.2
Business freedom 42.8 62.7
Labor freedom 60.6 51.3
Monetary freedom 68.6 81.2
Trade freedom 40 82
Investment freedom 10 70
Financial freedom 10 60

Economic freedom comparison by year

Iraq
Jordan
1x
Year Economic freedom index
Iraq Jordan
2026 - 59.3
2025 - 59.4
2024 - 58.3
2023 - 58.8
2022 - 60.1
2021 - 64.6
2020 - 66
2019 - 66.5
2018 - 64.9
2017 - 66.7
2016 - 68.3
2015 - 69.3
2014 - 69.2
2013 - 70.4
2012 - 69.9
2011 - 68.9
2010 - 66.1
2009 - 65.4
2008 - 64.1
2007 - 64.5
2006 - 63.7
2005 - 66.7
2004 - 66.1
2003 - 65.3
2002 15.6 66.2
2001 17.2 68.3
2000 17.2 67.5
1999 17.2 67.4
1998 17.2 66.8
1997 17.2 63.6
1996 17.2 60.8
1995 - 62.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/iraq/jordan | CC BY

The Economic Freedom Index for Iraq is 15.6, ranking 196/197, compared to 59.3 for Jordan, ranking 104/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iraq Jordan
Services, % of GDP
52.3%
2025
56.8%
2025
Industry, % of GDP
45.4%
2025
27.4%
2025
Agriculture, forestry, and fishing, % of GDP
3.41%
2025
5.56%
2025
GNI, Atlas method
$267B
2025
$60.6B
2025
GNI per capita, PPP
$14,290
2025
$12,440
2025
Total reserves including gold
$101B
2024
$26.6B
2025
Total reserves ranking
30/177
2024
61/177
2025
Net foreign direct investment
$8.09B
2024
-$1.58B
2024
Net inflows of foreign direct investment
-$7.65B
2024
$1.63B
2024
Net outflows of foreign direct investment
$439M
2024
$54.1M
2024
Servicing debt to the IMF, % of GNI
1.22%
2024
7.85%
2024
Poverty at national poverty lines
17.5%
2023
14.2%
2020
Gross capital formation, % of GDP
19.1%
2024
23%
2021

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/iraq/jordan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08)
  6. TradeMap (2014–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.