GDP in Iraq
Iraq - GDPWith 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
|Economic Growth (GDP, annual variation in %)||10.2||12.6||5.6||-3.9||-2.4|
5 years of economic forecasts for more than 30 economic indicators.
Iraq GDP Chart
Source: World Bank and FocusEconomics calculations
|Exchange Rate||1,196||-0.03 %||May 24|
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