Iraq | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1161.00 1167 1178 1190 1201 1386 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate 2.40 4.1 1.2 1.2 1.2 2.2 percent [+]
GDP 168.61 136 131 127 123 121 USD Billion [+]
GDP Constant Prices 52914741.80 60751036 61999654 63830602 63653570 72962090 IQD Million [+]
Gross National Product 191417039.50 161020683 164435458 167850232 171265006 59809956 IQD Million [+]
GDP per capita 4963.10 4878 4820 4820 4820 5300 USD [+]
GDP per capita PPP 14017.80 13800 13200 13200 13200 16182 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 16.40 18 17.7 17.4 17.5 16.5 percent [+]
Employed Persons 924397.00 939693 936415 933138 929860 864233 [+]
Population 35.87 34.71 34.93 35.15 35.37 39.56 Million [+]
Employment Rate 46.84 45.91 45.77 45.63 45.49 44.45 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.20 2.8 3.2 3.8 4.1 4 percent [+]
Consumer Price Index CPI 104.60 105 105 105 105 105 Index Points [+]
Core Consumer Prices 103.80 104 104 104 104 104 Index Points [+]
Core Inflation Rate 1.50 1.58 1.56 1.59 1.57 1.58 percent [+]
Food Inflation -5.60 -4.75 -4.75 -4.75 -4.75 -4.75 percent [+]
Cpi Transportation 95.00 94.16 94.64 94.37 94.38 94.53 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 4.00 4 4 4 4 6 percent [+]
Money Supply M0 61945.00 61820 61637 61463 61295 59627 IQD Billion [+]
Money Supply M1 71321.00 72367 73418 74518 75659 92910 IQD Billion [+]
Money Supply M2 88035.00 89147 89603 89847 89772 82765 IQD Billion [+]
Deposit Interest Rate 5.75 7.2 7.65 8.1 8.55 6.55 percent [+]
Cash Reserve Ratio 15.00 15 15 15 15 15 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 4397.00 18064 20691 23318 25945 19245 USD Million [+]
Exports 43442.00 35006 35660 36313 36966 51951 USD Million [+]
Imports 39045.00 38792 38548 38304 38061 39558 USD Million [+]
Current Account 15861.00 20569 19191 17813 16434 3668 USD Million [+]
Current Account to GDP -0.80 8.3 8.85 9.41 9.96 7.92 percent [+]
Gold Reserves 89.82 89.82 89.82 89.82 89.82 89.82 Tonnes [+]
Crude Oil Production 4455.00 4421 4412 4408 4406 4405 BBL/D/1K [+]
Terrorism Index 9.96 9.48 9.3 9.11 8.93 6.29 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 37.02 58 72 72 72 82 percent [+]
Government Budget -2.69 -12 -8 -8 0.22 -5.8 percent of GDP [+]
Government Budget Value -3927263.00 12551311 12592845 12602206 12604314 12604926 IQD Million [+]
Government Revenues 66470252.00 53568415 53344360 53405000 53420371 53410487 IQD Million [+]
Fiscal Expenditure 70397515.00 40193069 39419224 39736891 39803493 39743695 IQD Million [+]
Military Expenditure 12873.20 11837 12772 13707 14057 16186 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 1.00 -4.31 -1.64 -1.72 -1.68 -1.7 percent [+]
Ease of Doing Business 165.00 163 163 162 162 160 [+]
Corruption Index 16.00 16.73 16.82 16.9 16.99 18.24 Points [+]
Corruption Rank 161.00 154 152 151 149 139 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 15.00 15 15 15 15 15 percent [+]
Personal Income Tax Rate 15.00 15 15 15 15 15 percent [+]
Social Security Rate 17.00 17 17 17 17 17 percent [+]
Social Security Rate For Companies 12.00 12 12 12 12 12 percent [+]
Social Security Rate For Employees 5.00 5 5 5 5 5 percent [+]





Economic Forecasts for Iraq including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Iraq economy. 12/4/2016