Iraq Current Account to GDP

Iraq recorded a Current Account surplus of 6.71 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Iraq is reported by the Central Bank of Iraq. Current Account to GDP in Iraq averaged 2.41 Percent from 2004 until 2012, reaching an all time high of 12.88 Percent in 2006 and a record low of -29.29 Percent in 2004. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Iraq Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.71 12.01 12.88 -29.29 -2.07 | 2014/06 2004 - 2012 Percent Yearly

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Iraq Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 37937.60 2012-12-31 31877.60 37937.60 -3492.30 23685.47 2014-06-30 USD Million [+]
Current Account 31910.20 2012-12-31 26365.40 32344.00 -15410.00 20556.88 2014-06-30 USD Million [+]
Current Account to GDP 6.71 2012-12-31 12.01 12.88 -29.29 -2.07 2014-06-30 Percent [+]
Exports 94171.60 2012-12-31 79680.50 94171.60 1720.40 41894.28 2014-06-30 USD Million [+]
Imports 56234.00 2012-12-31 47802.90 56234.00 2681.90 -2816.86 2014-06-30 USD Million [+]
Crude Oil Production 2975.00 2013-10-15 2825.00 3728.00 0.00 3045.07 2013-11-30 Thousands Barrels per Day [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Iraq Core Consumer Prices at 145.00 Index Points  
Core Consumer Prices in Iraq increased to 145 Index Points in March of 2014 from 144.80 Index Points in February of 2014. Core Consumer Prices in Iraq is reported by the Central Statistical Organization.
Iraq Core Inflation Rate at 1.40 Percent  
Core Inflation Rate in Iraq increased 1.40 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Iraq is reported by the Central Statistical Organization.
Iraq Consumer Price Index (CPI) at 145.50 Index Points  
Consumer Price Index (CPI) in Iraq decreased to 145.50 Index Points in March of 2014 from 145.70 Index Points in February of 2014. Consumer Price Index (CPI) in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Inflation Rate at 2.00 Percent  
The inflation rate in Iraq was recorded at 2 percent in March of 2014. Inflation Rate in Iraq is reported by the Central Bank of Iraq.
Iraq Crude Oil Production at 2975.00 Thousands Barrels per Day  
Crude Oil Production in Iraq increased to 2975 Thousands Barrels per Day in October of 2013 from 2825 Thousands Barrels per Day in September of 2013. Crude Oil Production in Iraq is reported by the U.S. Energy Information Administration.
Iraq Employed Persons at 924397.00  
The number of employed persons in Iraq increased to 924397 in 2001 from 880756 in 2000. Employed Persons in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Gross National Product at 191417039.50 IQD Million  
Gross National Product in Iraq increased to 191417039.50 IQD Million in 2011 from 144649845.50 IQD Million in 2010. Gross National Product in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Unemployment Rate at 15.10 Percent  
Unemployment Rate in Iraq decreased to 15.10 percent in 2012 from 15.20 percent in 2011. Unemployment Rate in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Government Debt To GDP at 31.34 Percent  
Iraq recorded a Government Debt to GDP of 31.34 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Iraq is reported by the Central Bank of Iraq.
Iraq Government Budget at -5.55 Percent of GDP  
Iraq recorded a Government Budget deficit equal to 5.55 percent of the country's Gross Domestic Product in 2013. Government Budget in Iraq is reported by the Central Bank Of Iraq.
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