Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1187.62 1186 1186 1186 1186 1186
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) -1.00 2.6 7.5 7.5 7.5 7.5
Unemployment Rate (%) 14.80 14 14 14 14 14
Inflation Rate (%) -0.30 0.1 1 1.2 1.5 1.3
Interest Rate (%) 4.00 3.5 4 4 4 4
Balance of Trade (USD Million) 41524.00 31803 30259 30259 30259 30259
Current Account to GDP (%) 4.90 3 -1.5 -1.5 -1.5 -1.5
Government Debt to GDP (%) 48.40 50 47 47 47 47
Government Budget (% of GDP) 6.20 -5.1 -1.9 -1.9 -1.9 -1.9
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) -1.00 2.6 7.5 7.5 7.5 7.5
GDP (USD Billion) 225.91 226 248 248 248 248
Gross National Product (IQD Million) 224153528.60 238275201 231998902 240965043 240965043 246614833
GDP per capita (USD) 5510.80 5667 5699 5699 5699 5699
GDP per capita PPP (USD) 15564.60 16500 17000 17000 17000 17000
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 14.80 14 14 14 14 14
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) -0.30 0.1 1 1.2 1.5 1.3
Consumer Price Index CPI (Index Points) 104.50 106 107 105 105 109
Core Consumer Prices (Index Points) 105.60 107 107 107 107 110
Core Inflation Rate (%) -0.20 2.1 2.1 2.1 2.1 2.5
Food Inflation (%) 0.10 1.5 1.5 1.5 1.5 1.1
CPI Housing Utilities (Index Points) 114.60 116 117 115 115 119
CPI Transportation (Index Points) 97.30 98.94 100 99.18 98.97 101
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 4.00 3.5 4 4 4 4
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) 41524.00 31803 30259 30259 30259 30259
Current Account to GDP (%) 4.90 3 -1.5 -1.5 -1.5 -1.5
Crude Oil Production (BBL/D/1K) 4620.00 4350 4200 4100 4000 3850
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 48.40 50 47 47 47 47
Government Budget (% of GDP) 6.20 -5.1 -1.9 -1.9 -1.9 -1.9
Taxes Actual Q4 Q1 Q2 Q3 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 17
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 5.00 5 5 5 5 5


This page has 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.