Unemployment in Iraq
Iraq - UnemploymentThe economy is in dire straits. Oil production was down sharply year-on-year in Q1 and, as part of April's OPEC+ deal, Iraq has committed to reducing output substantially going forward. Moreover, oil prices are at historically low levels as Covid-19 hits demand. The combination of lower output and prices bodes poorly for the crucial energy sector and is crushing government revenuesâ€”roughly 90% of which come from oil. Compounding matters, domestic containment measuresâ€”although they have been eased in recent weeksâ€”are hurting the non-oil sector and pose risks to social stability. In politics, following over five months of paralysis, intelligence chief Mustafa al-Kadhimi took office as prime minister in early May. While this reduces political uncertainty somewhat, institutional capacity is likely to remain weak and Parliament is still fractured, as evidenced by the initial rejection of several of Kadhimi's ministerial picks.
Iraq - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Iraq Unemployment Chart
Source: World Bank.
|Exchange Rate||1,194||0.0 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.