Iraq - Economic Forecasts - 2018-2020 Outlook

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.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1186.43
1189 1192 1195 1198 1210
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate -0.50
percent
5.62 5.8 5.32 5.5 3.5
GDP 197.72
USD Billion
200 200 202 202 204
Gross National Product 224153528.60
IQD Million
236750957 237154433 236078496 236481973 255518487
GDP per capita 5545.90
USD
5562 5562 5667 5667 5699
GDP per capita PPP 15663.99
USD
15900 15900 16500 16500 17000
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 14.80
percent
14.5 14.5 14 14 14
Population 38.30
Million
37.99 38.26 38.25 38.25 38.17
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.50
percent
1 1.2 1.5 1.2 2.9
Consumer Price Index CPI 105.90
Index Points
106 106 105 106 111
Core Consumer Prices 106.50
Index Points
109 108 105 107 115
Core Inflation Rate 1.30
percent
2 2.5 0.74 0.75 3.7
Food Inflation 1.90
percent
1.2 2.5 3 3 4.5
CPI Housing Utilities 116.60
Index Points
121 119 116 118 124
CPI Transportation 101.50
Index Points
96.15 96.14 96.43 103 101
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 4.00
percent
4 5 5 5 6
Money Supply M0 60541.00
IQD Billion
58564 58973 59124 59320 60184
Money Supply M1 70716.00
IQD Billion
69998 70047 70094 70139 70509
Money Supply M2 89332.00
IQD Billion
88504 88705 88903 89097 90744
Deposit Interest Rate 4.86
percent
4.86 5.86 5.86 5.86 6.86
Cash Reserve Ratio 15.00
percent
15 15 15 15 15
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 18793.00
USD Million
28646 32536 32903 32536 29142
Exports 57559.00
USD Million
59422 63520 64081 64642 63623
Imports 38766.00
USD Million
30776 30250 31178 32106 34481
Current Account 3554.70
USD Million
14535 17480 17040 16600 9846
Current Account to GDP -6.30
percent
-6 -6 -5 -5 -4
Gold Reserves 89.80
Tonnes
89.8 89.8 89.8 89.8 89.8
Crude Oil Production 4460.00
BBL/D/1K
4360 4360 4360 4360 4360
Terrorism Index 10.00
9.96 10 10 10 10
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 63.80
percent
75 73 79 79 82
Government Budget -3.80
percent of GDP
-4.58 -6.5 -4.21 -3.86 -5.8
Government Budget Value 10385471.00
IQD Million
41309 3297411 2660315 2018046 2484573
Government Revenues 29206898.00
IQD Million
38388277 36096964 36804502 36959160 36850753
Fiscal Expenditure 18821427.00
IQD Million
38346968 32067396 34144187 34941113 34366180
Military Expenditure 7283.50
USD Million
5571 4943 5289 5635 6530
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 0.90
percent
1.2 1.28 1.35 1.4 1.6
Internet Speed 4079.62
KBps
4116 4119 4113 4115 4116
IP Addresses 200240.00
IP
232989 230828 232995 234540 232215
Ease of Doing Business 168.00
168 169 167 166 165
Corruption Index 18.00
Points
18 18 18 18 17
Corruption Rank 169.00
164 163 162 161 154
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 15.00
percent
15 15 15 15 15
Personal Income Tax Rate 15.00
percent
15 15 15 15 15
Social Security Rate 17.00
percent
17 17 17 17 17
Social Security Rate For Companies 12.00
percent
12 12 12 12 12
Social Security Rate For Employees 5.00
percent
5 5 5 5 5
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 24.20
mm
0.37 20.09 31.6 14.58 16.69
Temperature 8.92
celsius
32.58 16.61 11.59 33.63 22.31