Iraq | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1181.00 1210 1220 1230 1240 1420 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 2.40 1.2 1.2 1.2 1.2 2.2 percent [+]
GDP 180.07 193 174 155 136 121 USD Billion [+]
GDP Constant Prices 48104042.40 46322407 46065529 45425482 45794307 45917967 IQD Million [+]
Gross National Product 224153528.60 153543558 156035933 158528308 161020683 59809956 IQD Million [+]
GDP per capita 5119.30 4820 4820 4820 4820 5300 USD [+]
GDP per capita PPP 14459.00 13200 13200 13200 13200 16182 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 16.40 17.7 17.4 17.5 17.2 16.5 percent [+]
Employed Persons 924397.00 907771 918412 929052 939693 864233 [+]
Population 35.87 34.71 34.93 35.15 35.37 39.56 Million [+]
Employment Rate 46.84 46.72 46.45 46.18 45.91 44.45 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.20 3.2 3.8 4.1 4.5 4 percent [+]
Consumer Price Index CPI 103.60 105 105 105 105 105 Index Points [+]
Core Consumer Prices 103.70 103 103 103 103 103 Index Points [+]
Core Inflation Rate 0.80 1.25 1.24 1.27 1.25 1.26 percent [+]
Food Inflation -2.80 -3.44 -3.42 -3.42 -3.42 -3.42 percent [+]
Cpi Transportation 94.90 94.86 94.86 94.86 94.86 94.86 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 4.00 4 4 4 4 6 percent [+]
Money Supply M0 61297.00 61822 62071 62406 62657 63942 IQD Billion [+]
Money Supply M1 70918.00 71396 71665 71925 72175 74555 IQD Billion [+]
Money Supply M2 88048.00 88898 89367 89825 90269 94725 IQD Billion [+]
Deposit Interest Rate 5.75 6.49 6.73 6.96 7.2 6.55 percent [+]
Cash Reserve Ratio 15.00 15 15 15 15 15 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 4397.00 22015 20698 19381 18064 19245 USD Million [+]
Exports 43442.00 67453 56638 45822 35006 51951 USD Million [+]
Imports 39045.00 44690 42724 40758 38792 39558 USD Million [+]
Current Account 15861.00 24407 23128 21848 20569 3668 USD Million [+]
Current Account to GDP -0.80 1.56 3.81 6.05 8.3 7.92 percent [+]
Gold Reserves 89.82 89.82 89.82 89.82 89.82 89.82 Tonnes [+]
Crude Oil Production 4480.00 4456 4456 4456 4456 4456 BBL/D/1K [+]
Terrorism Index 9.96 9.9 9.76 9.62 9.48 6.29 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 37.02 72 72 72 72 82 percent [+]
Government Budget -2.69 -8 -8 -4.25 -7.6 -5.8 percent of GDP [+]
Government Budget Value -3927263.00 12592845 12602206 12604314 12604788 12604926 IQD Million [+]
Government Revenues 66470252.00 53344360 53405000 53420371 53408943 53410487 IQD Million [+]
Fiscal Expenditure 70397515.00 39419224 39736891 39803493 39731176 39743695 IQD Million [+]
Military Expenditure 12873.20 11837 12772 13707 14057 16186 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 0.90 1.09 1.2 1.28 1.36 1.65 percent [+]
Ease of Doing Business 165.00 163 163 162 162 160 [+]
Corruption Index 16.00 16.32 16.46 16.6 16.73 18.24 Points [+]
Corruption Rank 161.00 163 160 157 154 139 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 1/21/2017