The general government revenue of Iraq in 2024 amounted to 107 978 million USD, which is 0.378% less than in 2023, when it was 108 387 million USD. It has been falling in this country for already 2 years in a row. Over the entire IMF data period, since 2004, this indicator has increased in 5.26 times. The lowest revenue of all levels of government administration was recorded in 2004, when it was 20 539 million USD. The highest general government revenue of Iraq was in 2022, when it reached 121 088% million USD.
General government refers to all institutional units that carry out the functions of government as their primary activity. It includes all levels of government — central, regional (state), and local authorities, as well as social security funds. The general government sector provides non-market public services to individuals and communities and engages in income and wealth redistribution through taxes and transfers.
General government revenue | Iraq – yearly data, chart and table
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About indicator
Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government's net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.
