Iraq | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 1191.00 1183 1195 1206 1218 1044 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 220.51 237 233 237 241 243 [+]
GDP Annual Growth Rate -2.40 -4 -3 -5 -5 5.08 [+]
GDP Constant Prices 10452400.00 7542403 7542403 7542403 7542403 7542403 [+]
Gross National Product 191417039.50 181408434 187734616 190178497 192622377 110203590 [+]
GDP per capita 2438.79 2453 2400 2388 2376 2473 [+]
GDP per capita PPP 14018.43 13798 13510 13447 13383 12815 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 16.00 16.41 16.6 16.73 16.86 16.7 [+]
Employed Persons 924397.00 934835 946412 944041 941670 22527392 [+]
Population 34.28 34.04 34.26 34.47 34.68 39.3 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 2.20 2.56 3.62 3.47 2.52 1.46 [+]
Consumer Price Index CPI 147.20 146 146 146 146 146 [+]
Core Inflation Rate 2.10 2.78 3.21 3.65 4.01 2.79 [+]
Core Consumer Prices 148.50 148 149 149 149 151 [+]
Food Inflation 0.90 -0.22 -0.21 -0.21 -0.21 -0.21 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 6.00 6 6 6 6 7 [+]
Money Supply M0 64773.00 63119 62649 62441 62154 60893 [+]
Money Supply M1 72651.00 74296 74674 74820 74977 75252 [+]
Money Supply M2 91704.00 97183 98372 99065 99666 101155 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade 39792.90 17741 11916 12199 12483 27832 [+]
Exports 89769.40 92353 95489 99377 103265 143403 [+]
Imports 49976.50 49492 48711 48348 47985 64251 [+]
Current Account 22054.90 7329 3222 5994 8766 23179 [+]
Current Account to GDP 6.66 12.5 14.43 6.83 -0.76 4.13 [+]
Gold Reserves 90.00 90 90 90 90 90 [+]
Crude Oil Production 3861.00 3856 3856 3856 3856 3856 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -2.69 -1.04 -0.22 -0.64 -1.06 0.03 [+]
Government Debt to GDP 37.02 52.91 47.68 53.45 59.22 52.23 [+]
Government Budget Value 6894368.00 7835834 8052658 9189284 1052001 8607352 [+]
Credit Rating 15.00 [+]
Government Revenues 113767395.00 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Industrial Production 1.80 2.54 3.06 3.02 3.08 3.06 [+]
Corruption Index 16.00 16.2 16.17 16.29 16.41 17.75 [+]
Corruption Rank 170.00 168 168 167 167 161 [+]
Ease of Doing Business 156.00 155 155 155 155 155 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 15.00 15 15 15 15 15 [+]
Personal Income Tax Rate 15.00 15 15 15 15 15 [+]
Social Security Rate 17.00 17 17 17 17 [+]
Social Security Rate For Companies 12.00 12 12 12 12 12 [+]
Social Security Rate For Employees 5.00 5 5 5 5 [+]



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. 8/3/2015