Iraq GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Iraq expanded 4.21 percent in 2013 from the previous year. GDP Annual Growth Rate in Iraq averaged 8.06 Percent from 1991 until 2013, reaching an all time high of 54.16 Percent in 2004 and a record low of -56.40 Percent in 1991. GDP Annual Growth Rate in Iraq is reported by the Central Bank of Iraq.
||1991 - 2013
In Iraq, oil extraction is the most important sector of the economy and accounts for 55 percent of GDP. The services sector constitutes 33 percent of the output. Within services the largest segments are: community, social and personal services (13 percent of GDP); finance, insurance and real estate services (9 percent) and wholesale and retail trade and restaurants and hotels (7 percent). Manufacturing, construction and water and electricity production and distribution account for 8 percent of the wealth and agriculture, forestry, hunting and fishing for the remaining 4 percent. This page provides - Iraq GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.