Iraq | Economic Forecasts | 2013-2015 Outlook

Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Markets Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Currency 1163.00 Apr-14 1163 May-14 1164 1163 1163 1163 1163 1177 1176 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
GDP Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
GDP 210.00 Dec-12 263 Jun-14 239 242 244 246 267 311 438 [+]
GDP Annual Growth Rate 4.21 Dec-13 3.64 Jun-14 3.12 3.67 4.69 5.92 8.6 3.83 3.39 [+]
GDP per capita 1629.58 Dec-12 1726 Jun-14 1695 1699 1703 1705 1815 2047 2876 [+]
GDP per capita PPP 3659.32 Dec-12 3876 Jun-14 3806 3816 3823 3829 4077 4598 6458 [+]
GDP Constant Prices 10452400.00 Feb-13 18153075 Jun-14 18153075 19626813 20625034 20723092 25016006 47028645 90521118 [+]
Gross National Product 191417039.50 Jun-11 308689752 Jun-14 248029624 249336647 250442953 251371319 285507378 365359490 721034286 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Labour Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Population 32.58 Dec-12 33.83 Jun-14 33.81 34.01 34.22 34.42 35.03 39.08 47.03 [+]
Unemployment Rate 15.10 Dec-12 20.6 Jun-14 14.5 14.8 15.1 15.3 15.4 8.2 9.2 [+]
Employed Persons 924397.00 Jun-01 928240 Dec-01 1517216 1528850 1540483 1552116 3176349 12285859 595399573 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Prices Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Inflation Rate 2.00 Mar-14 1.35 Jun-14 4.35 4.42 3.9 3.53 3.41 4.02 3.97 [+]
Consumer Price Index (CPI) 145.50 Mar-14 146 Jun-14 145 148 148 149 169 216 427 [+]
Core Consumer Prices 145.00 Mar-14 145 Jun-14 144 146 146 146 165 210 414 [+]
Core Inflation Rate 1.40 Mar-14 1.05 Jun-14 -1.52 0.45 1.65 -1.65 1.66 3.76 3.86 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Money Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Interest Rate 6.00 Mar-14 6 Jun-14 5.53 5.81 5.85 5.65 6 6.92 8.31 [+]
Money Supply M0 68259.00 Mar-14 74968 Jun-14 75559 76415 78734 76954 87517 109598 180435 [+]
Money Supply M1 71165.00 Feb-14 79488 Jun-14 76857 78633 80727 80085 94026 119718 236160 [+]
Money Supply M2 78220.00 Feb-14 94564 Jun-14 91492 93644 96347 95747 112955 145344 286643 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Trade Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Balance of Trade 37937.60 Dec-12 23685 Jun-14 42918 47900 48879 50026 55001 67731 134325 [+]
Current Account 31910.20 Dec-12 20557 Jun-14 14197 14827 15428 15910 16383 15748 15751 [+]
Current Account to GDP 6.71 Dec-12 -2.07 Jun-14 -7.16 -7.85 -8.44 -8.94 -10.06 -4.2 -1.67 [+]
Exports 94171.60 Dec-12 41894 Jun-14 46711 49395 51155 51923 56604 69354 136993 [+]
Imports 56234.00 Dec-12 -2817 Jun-14 3794 1495 2276 1897 1603 1623 2668 [+]
Crude Oil Production 2925.00 Dec-13 3045 Nov-13 3030 3031 3031 3031 3031 3031 3031 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Government Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Government Debt To GDP 31.34 Dec-13 24.07 Jun-14 31.31 31.29 31.28 31.26 31.22 31.06 30.94 [+]
Government Budget -5.55 Dec-13 -13.4 Jun-14 -12.74 -15.97 -18.97 -21.77 -29.06 -49.27 -53.18 [+]
Government Budget Value 29091620.00 Dec-12 17926555 Jun-14 17926555 17491903 22337669 11583209 22394049 22383085 22381767 [+]
Credit Rating 15.00 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Business Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Industrial Production 2.20 Mar-13 3.09 Jun-14 3.09 1.92 1.66 2.91 1.88 3.91 4 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Taxes Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Corporate Tax Rate 15.00 Jan-14 15 Jun-14 15 15 15 15 15 15 15 [+]
Personal Income Tax Rate 15.00 Jan-13 15 Jun-14 15 15 15 15 15 15 15 [+]

Trading Economics forecasts are driven by our own analysts’ expectations and technically projected using an autoregressive integrated moving average (ARIMA) model. First, we model the past behaviour of a time series by using vast amounts of historical data. Then, we adjust the coefficients of the econometric model by taking into account, our own analyst’s assessments and future expectations. While we work hard to make our predictions accurate, please note that past performance of our forecast model is not necessarily indicative of future results. Moreover, please take into account that because countries publish their data releases in different dates and sometimes with significant delays we may have to project past data which has already some time but was not yet released by official sources. If you have any question please email us at contact@tradingeconomics.com



RELATED NEWS

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 Crude Oil Production at 2925.00 Thousands Barrels per Day  
Crude Oil Production in Iraq decreased to 2925 Thousands Barrels per Day in December of 2013 from 2975 Thousands Barrels per Day in November 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 Money Supply M0 at 68259.00 IQD Billion  
Money Supply M0 in Iraq decreased to 68259 IQD Billion in March of 2014 from 71061 IQD Billion in February of 2014. Money Supply M0 in Iraq is reported by the Central Bank of Iraq.
Iraq Money Supply M1 at 71165.00 IQD Billion  
Money Supply M1 in Iraq decreased to 71165 IQD Billion in February of 2014 from 72857 IQD Billion in January of 2014. Money Supply M1 in Iraq is reported by the Central Bank Of Iraq.
Iraq Money Supply M2 at 78220.00 IQD Billion  
Money Supply M2 in Iraq decreased to 78220 IQD Billion in February of 2014 from 86474 IQD Billion in January of 2014. Money Supply M2 in Iraq is reported by the Central Bank of Iraq.
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 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.
MORE RELATED NEWS

LATEST NEWS

US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
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This page includes economic forecasts for Iraq. 4/24/2014