Industry in Iraq

Iraq Industry | Economic News & Forecasts

Iraq - Industry

Oil production picked up pace in Q4 2018, with particularly strong output in December, which should have offset the negative impact of plunging oil prices somewhat. Meanwhile, three months after the formation of a new government, ministerial posts remain unfilled, with vacancies at the ministries of security and justice particularly worrisome given current efforts to rebuild the country after years of armed conflict. On a slightly brighter note, parliament approved the 2019 budget bill after months of fierce debates. The budget is one of the largest spending endeavors in the post-Saddam Hussein era but lacks key economic reforms to diversify the economy and to support the private sector.

Iraq - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)5.0  6.7  22.2  8.0  -     

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Iraq Industry Chart


Iraq Industry
Note: Annual variation of industrial production in %.
Source: IMF.

Iraq Facts

ValueChangeDate
Exchange Rate1,1930.0 %Feb 20

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