A convoy of US marines crosses the desert near Diwaniya in central Iraq on April 4, 2003. AFP
A convoy of US marines crosses the desert near Diwaniya in central Iraq on April 4, 2003. AFP
A convoy of US marines crosses the desert near Diwaniya in central Iraq on April 4, 2003. AFP
A convoy of US marines crosses the desert near Diwaniya in central Iraq on April 4, 2003. AFP

What did the US war in Iraq ultimately cost?


Kyle Fitzgerald
  • English
  • Arabic

The US war in Iraq cost far more than some of the most audacious forecasts in terms of both money and human lives.

Economist Larry Lindsey's $100 billion to $200 billion price tag was dismissed as an overestimate by the administration of president George W Bush, which in 2003 calculated a conflict would be closer to between $50 billion and $60 billion.

And a 2003 analysis from the Brookings Institution that same year estimated the US would face between 100 and 5,000 casualties, compared with up to 100,000 losses for Iraqi military forces and civilians.

But those estimations paled in comparison to the true costs of the war as America's projected 60-day invasion of Iraq turned into a years-long presence in the country and Middle East.

The financial cost of the war in Iraq

The US financial commitment spiralled out of control, far topping pre-invasion estimates as Washington poured more and more troops into Iraq.

By 2006 Congress had already provided the Pentagon with $303 billion to be used for direct-war costs.

In 2007 and with the war reaching its peak, Mr Bush sent another 30,000 troops into Iraq.

The Pentagon's non-base funding — funding provided outside its base budget — also peaked at 28 per cent of the department's budget that year and in 2008, the Congressional Budget Office reported.

A Congressional Research Services Report in 2014 estimated that $815 billion of the $1.6 trillion for military operations were allocated for Iraq.

The CRS also reported that annual war costs decreased from $195 billion at its peak in 2008 to $95 billion in 2014.

It was not until Barack Obama began his term in 2009 that war spending in Iraq trended downwards as US troops began to withdraw from the country.

The wars in Iraq and Syria cost $787 billion, according to a Pentagon 2022 estimate, although it does not include costs such as veteran care, interest paid on debt or other expenses.

Taking into account these costs, the total price of the US war efforts in Iraq is closer to $2 trillion, according to an estimate from Brown University's Cost of War project.

But even after most troops had withdrawn from Iraq in 2011, costs of the war and other US war-related efforts continued to accumulate.

The $2 trillion price tag on US war in Iraq is only a fraction of the total spending for those counter-terrorism efforts. The entire post-9/11 wars cost the US an $8 trillion, Brown University's project estimated.

The figures include funding appropriated for the war, with veteran care alone costing $1 trillion.

Other contributing factors include State Department/USAID operations, Homeland Security spending and interest on incurred debt.

The human cost of the war in Iraq

Again, the true human costs of the war far passed original estimates before the US invasion.

A Pentagon casualty status published on March 14 reported that US military and civilian casualties totalled 4,431, another almost 32,000 military personnel wounded in action.

But that number fails to include the suicide rate experienced by Iraq war veterans and other veterans of America's post-9/11 wars.

But an overwhelming majority of deaths as a direct result of war violence came from civilians.

Although not all civilian deaths were recorded, Cost of War estimates that as many as 209,000 Iraqis were killed in the conflict. Hundreds of thousands were also affected by the war's lingering effects such as water supply and sickness.

Another consequence in Iraq and America's post-9/11 wars was the displacement of millions of citizens. Iraqi civilians accounted for 9.2 million of the 38 million displaced as a result of those wars.

Nearly 1.2 million Iraqis are still displaced, the UN High Commission for Refugees reported.

Ninety per cent of Iraqis have not been able to return home for three years, and 70 per cent have not been able to return for at least five years since they left their country.

Prop idols

Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.

Sophie Shams (Dubai Exiles mini, England sevens international)

An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.

----

Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)

Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.

----

Erin King (Dubai Hurricanes mini, Ireland sevens international)

Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.

ANALYSTS’ TOP PICKS OF SAUDI BANKS IN 2019

Analyst: Aqib Mehboob of Saudi Fransi Capital

Top pick: National Commercial Bank

Reason: It will be at the forefront of project financing for government-led projects

 

Analyst: Shabbir Malik of EFG-Hermes

Top pick: Al Rajhi Bank

Reason: Defensive balance sheet, well positioned in retail segment and positively geared for rising rates

 

Analyst: Chiradeep Ghosh of Sico Bank

Top pick: Arab National Bank

Reason: Attractive valuation and good growth potential in terms of both balance sheet and dividends

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Updated: March 17, 2023, 8:37 AM