GDP in Iraq

Iraq GDP | Economic News & Forecasts

Iraq - GDP

With official data still outstanding, data from international institutions suggests that growth recovered briskly last year due to strong crude production and a more favorable security environment. However, investment declined in 2016 on the back of the country’s challenging political and economic environment. This situation could jeopardize future oil output and economic growth. In the political arena, while the battle for Mosul is clearly leaning toward Iraqi forces, political strife between the Iraqi government and Kurdish regional authorities is slowly resurfacing. Territories in hands of the Kurds have increased massively following the emergence of the so-called Islamic State in 2014. Claims about disputed territories and grievances over oil among both governments are clouding the outlook for post-ISIS Iraq

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

Exchange Rate1,196-0.03 %May 24

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