GDP in Iraq
Iraq - GDPEconomic 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
|Economic Growth (GDP, annual variation in %)||7.5||13.9||6.6||-2.1||-|
5 years of economic forecasts for more than 30 economic indicators.
Iraq GDP Chart
Source: World Bank and FocusEconomics calculations
|Exchange Rate||1,196||2.32 %||Mar 27|
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