GDP in Iraq

Iraq GDP | Economic News & Forecasts

Iraq - GDP

The battle against the Islamic State (ISIL) in Iraq is nearing its end, with the imminent liberation of Mosul from ISIL on the horizon. However, the absence of a common enemy has the potential to jeopardize the “peace dividend” and is fueling uncertainty about the future of the country. Political tension between the central government and the Kurdish region erupted on 7 June, when Kurdish President Masoud Barzani announced an independence referendum on 25 September. Moreover, sectarian tensions remain high in the country as the main disputes between Sunnis and Shiites remain unresolved. On 7 June, the IMF approved a further disbursement of USD 800 million under the Stand-By Arrangement as the government and the IMF agreed on measures to keep spending in check.

Iraq - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)10.2  12.6  5.6  -3.9  -2.4  

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Iraq GDP Chart


Iraq GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: World Bank and FocusEconomics calculations

Iraq Facts

ValueChangeDate
Exchange Rate1,167-0.09 %Jul 18

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