GDP in Iraq
Iraq - GDPIn 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
|Economic Growth (GDP, annual variation in %)||6.6||0.7||4.8||11.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Iraq GDP Chart
Source: World Bank and FocusEconomics calculations
|Exchange Rate||1,193||0.0 %||Jan 30|
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