Iraq | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 1164.00 1176 1187 1199 1211 1397 [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Annual Growth Rate 2.40 4.1 4.1 5.2 5.2 6 percent [+]
GDP 168.61 155 136 131 127 121 USD Billion [+]
GDP Constant Prices 52914741.80 58000000 60800000 62000000 63800000 73000000 IQD Million [+]
Gross National Product 191417039.50 159000000 161000000 164000000 168000000 59800000 IQD Million [+]
GDP per capita 4963.10 4878 4878 4820 4820 5300 USD [+]
GDP per capita PPP 14017.80 13800 13800 13200 13200 16182 USD [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 16.40 17.5 18 17.7 17.4 16.5 percent [+]
Employed Persons 924397.00 929052 939693 936415 933138 864233 [+]
Population 35.87 34.71 34.93 35.15 35.37 39.56 Million [+]
Employment Rate 46.84 46.18 45.91 45.77 45.63 44.45 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate -0.40 2.7 3 3.5 4.2 4 percent [+]
Consumer Price Index CPI 103.60 104 104 104 104 104 Index Points [+]
Core Consumer Prices 103.80 104 104 104 104 104 Index Points [+]
Core Inflation Rate 1.40 1.41 1.57 1.51 1.55 1.53 percent [+]
Food Inflation -6.50 -5.08 -5.16 -5.19 -5.19 -5.19 percent [+]
Cpi Transportation 95.10 95.94 96.18 95.82 95.41 95.38 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 6.00 6 6 6 6 6 percent [+]
Money Supply M0 61341.00 61227 61061 60901 60749 59151 IQD Billion [+]
Money Supply M1 69823.00 71122 71729 72448 73253 88150 IQD Billion [+]
Money Supply M2 86692.00 87150 88385 88618 88769 81459 IQD Billion [+]
Deposit Interest Rate 5.75 6.96 7.2 7.65 8.1 6.55 percent [+]
Cash Reserve Ratio 15.00 15 15 15 15 15 percent [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade 38780.80 39700 42600 44300 46000 56300 USD Million [+]
Exports 83980.90 99600 102000 105000 108000 134000 USD Million [+]
Imports 45200.10 45500 43900 44200 44500 43700 USD Million [+]
Current Account 15861.00 19176 18746 18392 18037 13522 USD Million [+]
Current Account to GDP -0.80 6.05 8.3 8.85 9.41 7.92 percent [+]
Gold Reserves 90.00 90 90 90 90 90 Tonnes [+]
Crude Oil Production 4325.00 4349 4350 4350 4350 4350 BBL/D/1K [+]
Terrorism Index 10.00 10.24 10.23 10.28 10.34 11.16 [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 37.02 30.16 21.5 23.69 25.87 4.35 percent [+]
Government Budget -2.69 -12 -12 -8 -8 -5.8 percent of GDP [+]
Government Budget Value 21830397.00 18489431 18487500 18486794 18486536 18486388 IQD Million [+]
Government Revenues 105386623.00 66427930 66396931 66402086 66404979 66403748 IQD Million [+]
Fiscal Expenditure 83556226.00 44406588 44284945 44276925 44302755 44296092 IQD Million [+]
Military Expenditure 12873.20 11837 12772 13707 14057 16186 USD Million [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Industrial Production 1.00 -2.27 -4.31 -1.64 -1.72 -1.7 percent [+]
Ease of Doing Business 161.00 157 157 157 157 157 [+]
Corruption Index 16.00 16.6 16.73 16.82 16.9 18.24 Points [+]
Corruption Rank 161.00 157 154 152 151 139 [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 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. 8/28/2016