GDP in Iraq

Iraq GDP | Economic News & Forecasts

Iraq - GDP

The war against the Islamic State (ISIL) is slowly coming to an end following the recapture of Mosul and other key cities mostly in the north of the country. However, insecurity remains high, jeopardizing economic sentiment. Moreover, while infrastructure has been seriously damaged in the conflict, the government’s efforts to reduce the budget deficit will delay the country’s much-needed reconstruction. On the upside, the IMF completed its second review of Iraq’s three-year Stand-By Arrangement (SBA) on 1 August, which allows the country to draw USD 825 million. In the political arena, the Kurdish government is moving ahead with plans to hold an independence referendum on 25 September, which threatens to fan political unrest between the central and regional governments.

Iraq - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)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 Rate1,1670.0 %Sep 21

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