Iraq | Economic Forecasts | 2016-2020 Outlook

Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 1107.10 1118 1140 1151 1162 886 [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Annual Growth Rate -2.40 3.1 3.8 4 13.74 8.93 percent [+]
GDP 220.51 248 247 247 246 321 USD Billion [+]
GDP Constant Prices 52914741.80 60581163 60127308 58039173 60751036 72962090 IQD Million [+]
Gross National Product 191417039.50 153543558 156035933 158528308 161020683 59809956 IQD Million [+]
GDP per capita 2438.79 2622 2569 2515 2462 2799 USD [+]
GDP per capita PPP 14018.43 15622 15705 15788 15871 18156 USD [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 16.40 16.74 17.03 17.33 17.62 16.1 percent [+]
Employed Persons 924397.00 907771 918412 929052 939693 864233 [+]
Population 34.28 34.61 34.83 35.04 35.26 40.47 Million [+]
Employment Rate 46.84 46.72 46.45 46.18 45.91 44.45 percent [+]
Prices Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 1.00 2.1 2.52 2.9 1.51 4 percent [+]
Consumer Price Index CPI 150.60 151 151 151 151 151 Index Points [+]
Core Consumer Prices 149.20 150 150 150 151 155 Index Points [+]
Core Inflation Rate 1.50 1.66 1.61 1.63 1.62 1.62 percent [+]
Food Inflation -0.10 1.2 1.07 1.07 1.05 1.05 percent [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate 6.00 6 6 6 6 6 percent [+]
Money Supply M0 57887.00 57848 57812 57776 57742 57356 IQD Billion [+]
Money Supply M1 67639.00 66395 67208 68068 68968 86523 IQD Billion [+]
Money Supply M2 84719.00 82856 82037 81394 80667 72665 IQD Billion [+]
Deposit Interest Rate 5.75 7.65 8.1 8.55 8.55 6.55 percent [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade 38780.80 33997 36865 39733 42601 56274 USD Million [+]
Exports 83980.90 95542 97551 99560 101569 133528 USD Million [+]
Imports 45200.10 48654 47072 45490 43908 43746 USD Million [+]
Current Account 24427.90 20037 19607 19176 18746 13522 USD Million [+]
Current Account to GDP -2.78 2 4.96 7.93 10.89 9.09 percent [+]
Gold Reserves 90.00 90 90 90 90 90 Tonnes [+]
Crude Oil Production 4275.00 4273 4270 4269 4269 4269 BBL/D/1K [+]
Terrorism Index 10.00 10.18 10.17 10.17 10.17 8.33 [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 37.02 47.47 38.82 30.16 21.5 4.35 percent [+]
Government Budget -2.69 -5.83 -5.04 -4.25 -3.46 -1.38 percent of GDP [+]
Government Budget Value 21830397.00 18509178 18494716 18489431 18487500 18486388 IQD Million [+]
Government Revenues 105386623.00 66194371 66416756 66427930 66396931 66403748 IQD Million [+]
Fiscal Expenditure 83556226.00 43822169 44221808 44406588 44284945 44296092 IQD Million [+]
Credit Rating 25.00 [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Industrial Production 1.70 4.19 1.09 1.95 1.31 1.58 percent [+]
Ease of Doing Business 161.00 157 157 157 157 157 [+]
Corruption Index 16.00 17.93 18.5 19.06 19.62 26.89 Points [+]
Corruption Rank 161.00 163 160 157 154 139 [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 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. 2/6/2016