Iraq | Economic Forecasts | 2017-2020 Outlook

This page has 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.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1166.00 1190 1210 1240 1230 1420 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 11.00 5.2 5.2 5.2 5.8 3.5 percent [+]
GDP 180.07 187 170 153 149 135 USD Billion [+]
GDP Constant Prices 48104042.40 46065529 45425482 45794307 45891630 45917967 IQD Million [+]
Gross National Product 224153528.60 247226390 244286593 241346795 245363724 307141021 IQD Million [+]
GDP per capita 5119.30 4820 4820 4820 5025 4990 USD [+]
GDP per capita PPP 14459.00 13200 13200 13200 14036 13659 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 16.40 17.4 17.5 17.2 16.9 16.5 percent [+]
Employed Persons 924397.00 918412 929052 939693 936415 864233 [+]
Population 35.87 34.93 35.15 35.37 35.37 39.56 Million [+]
Employment Rate 46.84 46.45 46.18 45.91 45.77 44.45 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate -0.80 1.8 2.2 3.1 3.5 4.3 percent [+]
Consumer Price Index CPI 104.50 104 104 104 104 104 Index Points [+]
Core Consumer Prices 104.20 104 104 104 104 104 Index Points [+]
Core Inflation Rate 0.70 0.61 0.64 0.67 0.66 0.66 percent [+]
Food Inflation -3.30 -4.13 -4.01 -4.02 -4.03 -4.03 percent [+]
Cpi Transportation 95.00 95.04 95.05 95.05 95.04 95.03 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 4.00 4 4 4 4 6 percent [+]
Money Supply M0 60497.00 61300 61094 61170 61178 61263 IQD Billion [+]
Money Supply M1 71119.00 71524 71774 72016 72248 74313 IQD Billion [+]
Money Supply M2 88539.00 89282 89738 90181 90612 94621 IQD Billion [+]
Deposit Interest Rate 4.90 5.09 5.12 5.15 5.21 5.21 percent [+]
Cash Reserve Ratio 15.00 15 15 15 15 15 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 4397.00 20698 19381 18064 20691 19245 USD Million [+]
Exports 43442.00 56638 45822 35006 35660 51951 USD Million [+]
Imports 39045.00 42724 40758 38792 38548 39558 USD Million [+]
Current Account 15861.00 26198 28387 30577 30949 35165 USD Million [+]
Current Account to GDP -0.80 3.81 6.05 8.3 8.85 7.92 percent [+]
Gold Reserves 89.82 89.82 89.82 89.82 89.82 89.82 Tonnes [+]
Crude Oil Production 4566.00 4606 4601 4600 4600 4600 BBL/D/1K [+]
Terrorism Index 9.96 9.76 9.62 9.48 9.3 6.29 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 37.02 72 72 72 23.69 82 percent [+]
Government Budget -2.69 -8 -4.25 -7.6 -2.23 -5.8 percent of GDP [+]
Government Budget Value -3927263.00 12602206 12604314 12604788 12604895 12604926 IQD Million [+]
Government Revenues 66470252.00 53405000 53420371 53408943 53409551 53410487 IQD Million [+]
Fiscal Expenditure 70397515.00 39736891 39803493 39731176 39735818 39743695 IQD Million [+]
Military Expenditure 12873.20 11837 12772 13707 14057 16186 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 0.90 1.2 1.28 1.36 1.42 1.65 percent [+]
Ease of Doing Business 165.00 163 162 162 162 160 [+]
Corruption Index 17.00 17 17 18 18 17 Points [+]
Corruption Rank 166.00 166 170 173 173 173 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 [+]