Iraq | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 1180.50 1193 1205 1216 1228 1417 [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Annual Growth Rate 2.40 6.5 6.5 6.5 3.9 6 percent [+]
GDP 220.51 244 241 238 242 291 USD Billion [+]
GDP Constant Prices 52914741.80 57825821 57659887 58028961 58258481 57684174 IQD Million [+]
Gross National Product 191417039.50 175082062 181408151 187734241 190178145 110203590 IQD Million [+]
GDP per capita 2438.79 2503 2451 2399 2386 2465 USD [+]
GDP per capita PPP 14018.43 14306 14037 13769 13765 13842 USD [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 16.40 16.74 16.74 16.74 16.3 16.1 percent [+]
Employed Persons 924397.00 923258 934835 946412 944041 873800 [+]
Population 35.87 34.71 34.93 35.15 35.37 39.56 Million [+]
Employment Rate 46.84 46.45 46.18 45.91 45.77 44.45 percent [+]
PRICES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate 2.50 2.52 2.7 3 3.5 4 percent [+]
Consumer Price Index CPI 103.80 105 104 105 104 104 Index Points [+]
Core Consumer Prices 103.80 99.68 96.13 97.44 96.7 96.98 Index Points [+]
Core Inflation Rate 2.60 1.22 1.36 1.56 1.47 1.51 percent [+]
Food Inflation -1.10 -2.33 -1.35 -1.36 -1.35 -1.37 percent [+]
Cpi Transportation 95.10 95.22 95.34 95.36 95.36 95.36 Index Points [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 6.00 6 6 6 6 6 percent [+]
Money Supply M0 59882.00 59842 59724 59611 59503 58326 IQD Billion [+]
Money Supply M1 69100.00 68341 69224 70167 71157 88949 IQD Billion [+]
Money Supply M2 81458.00 79221 77381 75685 74098 66134 IQD Billion [+]
Deposit Interest Rate 5.75 6.73 6.96 7.2 7.65 6.55 percent [+]
Cash Reserve Ratio 15.00 15 15 15 15 15 percent [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade 38780.80 32282 34670 37057 37138 39033 USD Million [+]
Exports 83980.90 93951 97143 100335 102434 114447 USD Million [+]
Imports 45200.10 44795 43145 41495 40922 44715 USD Million [+]
Current Account 15861.00 21620 25030 28439 28534 25711 USD Million [+]
Current Account to GDP -0.80 3.81 6.05 8.3 8.85 7.92 percent [+]
Gold Reserves 90.00 90 90 90 90 90 Tonnes [+]
Crude Oil Production 4458.00 4392 4374 4366 4362 4360 BBL/D/1K [+]
Terrorism Index 10.00 10.25 10.24 10.23 10.28 11.16 [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 37.02 58.13 52.89 47.65 53.41 52.23 percent [+]
Government Budget -2.69 -12 -12 -12 -8 -5.8 percent of GDP [+]
Government Budget Value 21830397.00 25298214 25298216 25298216 25298216 25298216 IQD Million [+]
Government Revenues 105386623.00 66416756 66427930 66396931 66402086 66403748 IQD Million [+]
Fiscal Expenditure 83556226.00 44221808 44406588 44284945 44276925 44296092 IQD Million [+]
Military Expenditure 12873.20 11837 12772 13707 14057 16186 USD Million [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Industrial Production 1.00 5.6 4.22 4.26 4.91 4.62 percent [+]
Ease of Doing Business 161.00 157 157 157 157 157 [+]
Corruption Index 16.00 16 16 16 17 18 Points [+]
Corruption Rank 161.00 158 156 153 152 129 [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 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. 6/25/2016