Iraq | Economic Forecasts | 2015-2050 Outlook

Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 1150.45 1183 1195 1206 1218 1044 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 220.51 237 233 237 241 243 USD Billion [+]
GDP Annual Growth Rate -2.40 -4 -3 -5 -5 5.08 percent [+]
GDP Constant Prices 10452400.00 7542403 7542403 7542403 7542403 7542403 IQD Million [+]
Gross National Product 191417039.50 181408434 187734616 190178497 192622377 110203590 IQD Million [+]
GDP per capita 2438.79 2453 2400 2388 2376 2473 USD [+]
GDP per capita PPP 14018.43 13798 13510 13447 13383 12815 USD [+]
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 percent [+]
Employed Persons 924397.00 934835 946412 944041 941670 22527392 [+]
Population 34.28 34.93 35.15 35.37 35.59 39.56 Million [+]
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 percent [+]
Consumer Price Index CPI 148.60 148 148 148 148 148 Index Points [+]
Core Inflation Rate 1.36 2.38 2.85 3.26 3.68 1.15 percent [+]
Core Consumer Prices 148.50 149 150 150 151 154 Index Points [+]
Food Inflation 0.90 1.02 0.99 1 1 1 percent [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 6.00 6 6 6 6 7 percent [+]
Money Supply M0 60277.00 60772 59888 58989 58197 53993 IQD Billion [+]
Money Supply M1 67976.00 65957 65628 64825 64579 63589 IQD Billion [+]
Money Supply M2 91360.00 93245 93913 94134 94434 95034 IQD Billion [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade 39792.90 17741 11916 12199 12483 27832 USD Million [+]
Exports 89769.40 92353 95489 99377 103265 143403 USD Million [+]
Imports 49976.50 49492 48711 48348 47985 64251 USD Million [+]
Current Account 22054.90 7329 3222 5994 8766 23179 USD Million [+]
Current Account to GDP 6.66 -1.02 -3.59 1.3 6.19 5.06 percent [+]
Gold Reserves 90.00 90 90 90 90 90 Tonnes [+]
Crude Oil Production 3981.00 3974 3974 3974 3974 3974 BBL/D/1K [+]
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 percent of GDP [+]
Government Debt to GDP 37.02 52.91 47.68 53.45 59.22 52.23 percent [+]
Government Budget Value 6894368.00 5589134 5589134 5589134 5589134 5589134 IQD Million [+]
Credit Rating 15.00 [+]
Fiscal Expenditure 106873027.00 28041881 28043238 28042618 28042323 28042257 IQD Million [+]
Government Revenues 113767395.00 69594110 69583631 69584114 69584988 69584776 IQD Million [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Industrial Production 0.90 -1.8 -2.78 -0.79 -1.02 -0.97 percent [+]
Corruption Index 16.00 16.2 16.17 16.29 16.41 17.75 Points [+]
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 percent [+]
Personal Income Tax Rate 15.00 15 15 15 15 15 percent [+]
Social Security Rate 17.00 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 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. 9/3/2015