Industry in Iraq
Iraq - Industry
The economy has likely performed fairly well in the second and third quarters of the year, buoyed by higher oil prices and increased crude output, which reached a record high in August. Oil prices are expected to remain afloat as U.S. sanctions against Iran come into effect on 4 November, while the state oil company SOMO is ramping up output to fill the gap left by Iran, providing a further stimulus to state income. In addition, SOMO is looking to increase its presence in Asia, which would bode well for government revenue going forward. On the political front, Iraq remains without a government nearly five months after the elections, with negotiations between different political groupings ongoing and unrelenting violence in the streets.Iraq - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 5.0 | 6.7 | 22.2 | 8.0 | - |
Iraq Industry Chart
Source: IMF.
Iraq Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1,193 | 0.0 % | Oct 22 |
Sample Report
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
© Copyright: 2018 | Iraq Industry | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
