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 1164.54 Apr-14 1165 May-14 1167 1174 1172 1168 1177 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-14 239 242 244 246 261 293 368 [+]
GDP Annual Growth Rate 4.21 Dec-13 3.64 Jun-14 3.12 3.67 4.69 5.92 8.6 5.83 4.89 [+]
GDP per capita 1629.58 Dec-12 1726 Jun-14 1695 1699 1703 1705 1780 1930 2420 [+]
GDP per capita PPP 3659.32 Dec-12 3876 Jun-14 3806 3816 3823 3829 3996 4334 5435 [+]
GDP Constant Prices 10452400.00 Feb-13 18153075 Jun-14 18153075 19626813 20625034 20723092 25266166 48439504 98668019 [+]
Gross National Product 191417039.50 Jun-11 308689752 Jun-14 248029624 249336647 250442953 251371319 263661273 288418155 361862795 [+]
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 11.2 9.2 [+]
Employed Persons 924397.00 Jun-01 928240 Dec-01 1517216 1528850 1540483 1552116 2933305 9698570 298810969 [+]
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-14 145 148 148 149 156 171 214 [+]
Core Consumer Prices 145.00 Mar-14 145 Jun-14 144 146 146 146 153 166 208 [+]
Core Inflation Rate 1.40 Mar-14 1.05 Jun-14 -1.52 0.45 1.65 -1.65 1.66 2.86 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 71158.00 Jan-14 74968 Jun-14 75559 76415 78734 76954 80821 86518 90554 [+]
Money Supply M1 73900.00 Dec-13 79488 Jun-14 76857 78633 80727 80085 86832 94507 118521 [+]
Money Supply M2 87766.00 Dec-13 94564 Jun-14 91492 93644 96347 95747 104312 114736 143856 [+]
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 50793 53467 67413 [+]
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 -8.74 -6.26 [+]
Exports 94171.60 Dec-12 41894 Jun-14 46711 49395 51155 51923 52273 54748 68752 [+]
Imports 56234.00 Dec-12 -2817 Jun-14 3794 1495 2276 1897 1480 1281 1339 [+]
Crude Oil Production 2975.00 Oct-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 -51.27 -57.18 [+]
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 3.01 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 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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At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
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Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
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This page includes economic forecasts for Iraq. 4/19/2014