GDP in Iraq
Iraq - GDPThe 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
|Economic Growth (GDP, annual variation in %)||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||0.0 %||Sep 21|
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