International Reserves in Iraq
Iraq - International ReservesThe economy grew 5.5% in the second quarter according to recent statistical institute data. The oil sector expanded solidly, underpinned by stronger crude production. Moreover, the non-oil sector surged, likely supported by loose fiscal policy in the form of a higher wage bill and subsidies, stronger electricity generation and supportive weather conditions. Turning to the third quarter, the oil sector likely lost steam; annual crude production growth ebbed notably from Q2, partly as Iraq reined in output in September following months of under-compliance with OPEC+ restrictions. However, the expansionary fiscal stance should have continued to benefit the non-oil sector. In other news, widespread protests have erupted in past weeks, highlighting continued social and economic fragility despite the recent improved macroeconomic performance.
Iraq - International Reserves Data
|International Reserves (USD)||76.1||62.8||50.9||42.0||45.6|
5 years of economic forecasts for more than 30 economic indicators.
Iraq International Reserves Chart
Source: World Bank and FocusEconomics calculations.
|Exchange Rate||1,193||0.0 %||Sep 04|
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