Economic Growth in Iraq
Iraq recorded an average real GDP growth rate of 2.9% in the decade to 2022, above the 2.0% average for the Middle East & North Africa region. In 2022, real GDP growth was 7.0%. For more GDP information, visit our dedicated page.
Iraq GDP Chart
Iraq GDP Data
|Economic Growth (GDP, ann. var. %)||2.6||5.5||-12.0||1.6||7.0|
|GDP (USD bn)||226||232||180||206||262|
|GDP (IQD bn)||268,919||276,158||215,662||301,153||383,064|
|Economic Growth (Nominal GDP, ann. var. %)||21.3||2.7||-21.9||39.6||27.2|
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Iraqi GDP projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Iraqi GDP.
To Download one of our sample reports to visualize what a Consensus Forecast is and see our Iraqi GDP projections.
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