International Reserves in Iraq

Iraq International Reserves | Economic News & Forecasts

Iraq - International Reserves

Economic conditions likely improved somewhat in Q2 and Q3, spurred by a recovery in the energy sector as oil prices surged and OPEC+ progressively loosened production cuts. Indeed, oil output was up markedly in annual terms in Q3, with production in September the highest in over a year. Further boosts to the energy sector have come in recent months from a host of deals signed with foreign firms to increase investment. Most recently, the country reached a deal with Norway’s Scatec over the construction of two solar plants. Less positively, electricity shortages amid a summer heatwave likely weighed on the non-energy sector in Q3. In politics, cleric al-Sadr’s political movement increased its seat haul in October’s parliamentary elections, at the expense of Iran-backed parties, whose decision to contest the results could inflame tensions and delay government formation.

Iraq - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)50.9  42.0  45.6  60.8  -     

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Iraq International Reserves Chart

Iraq International Reserves
Note: International reserves in months of imports.
Source: World Bank and FocusEconomics calculations.

Iraq Facts

Value Change Date
Exchange Rate1,1940.0 %Jan 01

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