🇮🇶 Iraq General government final consumption expenditure

Iraq General government final consumption expenditure was $50.95B in 2024, up 8.1% from 2023, according to World Bank data. The 10-year average is $38.91B. Historical data available from 1970 to 2024 (55 data points). The all-time high was $50.95B in 2024.

Source: World Bank World Development Indicators • 1970202455 data pointsEconomy & Growth

Latest Value
$50.95B
2024
Year-on-Year
+8.1%
vs 2023
10-Year Average
$38.91B
20152024
Range
High: $50.95B (2024)
Low: $41.81M (1992)

Iraq General government final consumption expenditure (current US$)1970 to 2024

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About this Indicator

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Historical Data Table

YearValue
2024$50.95B
2023$47.13B
2022$39.57B
2021$37.15B
2020$40.72B
2019$45.13B
2018$36.10B
2017$30.53B
2016$30.66B
2015$31.13B

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