GDP in Iraq

Iraq GDP | Economic News & Forecasts

Iraq - GDP

Conditions 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

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)2.6  13.8  -3.8  0.9  4.4  

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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

Value Change Date
Exchange Rate1,1940.0 %Jan 01

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