GDP in Iraq
Iraq - GDPConditions likely improved somewhat in the second quarter, as the downturn in the energy sector should have eased on a more favorable base effect. Turning to Q3, the oil sector seemingly strengthened further as OPEC+ continued to lessen production cuts: Crude output was higher overall in July–August than in the previous quarter, which, coupled with higher average oil prices in the same period, bodes well for government revenues. In the political arena, the country is gearing up for the 10 October general elections, for which authorities and the UN are collaborating to avoid voter fraud and guarantee fairness. A Shiite Muslim majority is expected to retain power in parliament, and the vote should not result in a substantial shift in policy.
Iraq - GDP Data
|Economic Growth (GDP, annual variation in %)||2.6||13.8||-3.8||0.9||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Iraq GDP Chart
Source: World Bank and FocusEconomics calculations
|Exchange Rate||1,194||0.0 %||Jan 01|
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