Total Government Debt for General Government for Iraq
IRQGGDGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.16
Year-over-Year Change
63.07%
Date Range
1/1/2004 - 1/1/2025
Summary
The 'Total Government Debt for General Government for Iraq' metric measures the total outstanding debt obligations of the Iraqi government, including both domestic and foreign-held debt. This is a key indicator of the government's fiscal health and solvency.
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
This series represents the total gross government debt as a percentage of GDP for the general government in Iraq. It is used by economists, policymakers, and investors to assess the Iraqi government's ability to service its debt obligations and manage its fiscal position.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
Trends in government debt levels are closely watched by international financial institutions and markets as indicators of economic and political stability.
Key Facts
- Iraq's government debt peaked at over 250% of GDP in the 1990s.
- The government debt-to-GDP ratio has declined significantly since the early 2000s.
- Reducing government debt is a key priority for economic reforms in Iraq.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total outstanding debt obligations of the Iraqi government, including both domestic and foreign-held debt, as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: Government debt levels are a critical indicator of a country's fiscal health and solvency, which is closely watched by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Trends in government debt levels are used by international financial institutions and markets to assess economic and political stability, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the IMF, and may be subject to occasional delays or revisions.
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Citation
U.S. Federal Reserve, Total Government Debt for General Government for Iraq (IRQGGDGDPGDPPT), retrieved from FRED.