Unemployment in Iraq

Iraq - Unemployment

Although the economy seems to have gained impetus in Q4 2018 due to higher oil production, OPEC supply cuts have weighed on production since, which could undermine the recovery ahead. According to OPEC data, Iraq pumped 4.7 million barrels per day (mbpd) in January, down almost 0.5 mbpd from December’s level but still above the 4.5 mbpd agreed upon. That being said, a tighter global oil market is pushing up oil prices, which could help replenish Iraq’s coffers somewhat. Meanwhile, France allocated a USD 1.15 billion loan to assist in the reconstruction of the region, with French companies expected to participate in Iraqi efforts to rebuild next quarter.

Iraq - Unemployment Data

	2013	2014	2015	2016	2017
Unemployment Rate	7.9	7.6	7.7	8.0	8.2

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Iraq Unemployment Chart

Note: Unemployment in % of active population.
Source: World Bank.

Iraq Facts

	Value	Change	Date
Exchange Rate	1,193	0.0 %	Mar 11

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Unemployment in Iraq

Iraq - Unemployment

Iraq - Unemployment Data

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Iraq Unemployment Chart

Iraq Facts

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