GDP in Iraq
Iraq - GDPThe 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
|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||1,167||-0.09 %||Jul 18|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.