GDP in Iraq

Iraq GDP | Economic News & Forecasts

Iraq - GDP

Economic sentiment in Iraq is slowly improving on the back of increasing oil prices and the successful battle against the Islamic State (ISIL) in Mosul. In February, the World Bank reiterated its financial support to the government but underlined that conciliation between ethnic groups is essential for long-term stability, and will become even more so in the aftermath of an eventual defeat of ISIS. The Bank intends to run projects aimed at reducing social tensions in parallel to rebuilding infrastructure. On 24 February, S&P Global Ratings confirmed its B- rating and stable outlook as it praised Iraq’s fiscal consolidation efforts supported by the IMF. Meanwhile, Russian petrol giant Rosneft is seeking new deals to buy crude oil from the Kurdish north of Iraq and is looking into building drilling sites in the area in the longer term.

Iraq - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)7.5  13.9  6.6  -2.1  -     

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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 Rate1,1962.32 %Mar 27

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