Industry in Iraq

Iraq Industry | Economic News & Forecasts

Iraq - Industry

Protests broke out in July after Iran decreased its energy exports to Iraq, intensifying the effects of the heat wave. Protesters also vented frustration over rising unemployment, corruption and government policies. Demonstrators blocked roads to oil fields in the south, and the prostest will likely dent the country’s growth prospects in H2. The situation is compounded by political gridlock; more than two months after general elections, a new government has yet to be formed. More positively, however, recently released data showed the economy performed fairly well in the first quarter of the year thanks to a strong oil sector, which was buoyed by increased output and higher barrel prices.

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

Exchange Rate1,1930.0 %Aug 15

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