GDP in Iraq

Iraq GDP | Economic News & Forecasts

Iraq - GDP

In the third quarter of 2018, the Iraqi economy grew at a meager rate over the same period a year earlier despite strong oil production and elevated prices for the black gold through late September. Oil production picked up noticeably in the quarter, but production moderated in October and November—partly due to bad weather in the Gulf region—which, coupled with plunging oil prices, will have dragged on the economy in the fourth quarter. In more positive news, oil exports jumped in December according to the oil ministry, despite the OPEC+ production curb. Exports benefited from the resumption of activity at the Kirkuk oil fields after a year of dormancy, which should provide some stimulus to the economy despite low prices.

Iraq - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)6.6  0.7  4.8  11.0  -     

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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 Rate1,1930.0 %Jan 30

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