Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1187.62 1188 1188 1188 1188 1188

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.00 -5 -5 2 2 2
Unemployment Rate (%) 7.90 8 8 8.3 8.3 8.3
Inflation Rate (%) 1.10 1.5 1.3 1.5 1.7 1.5
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) 41524.00 30259 30259 30259 30259 30259
Current Account to GDP (%) -1.20 -22 -22 -14 -14 -14
Government Debt to GDP (%) 48.40 55 55 62 62 62
Government Budget (% of GDP) -0.90 -22.5 -22.5 -12.5 -12.5 -12.5
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.00 -5 -5 2 2 2
GDP (USD Billion) 234.09 200 200 220 220 220
GDP per capita (USD) 5591.20 5350 5350 5500 5500 5500
GDP per capita PPP (USD) 10881.20 8000 8000 9100 9100 9100

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 7.90 8 8 8.3 8.3 8.3
Population (Million) 39.40 38.6 38.6 38.7 38.7 38.7

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 1.10 1.5 1.3 1.5 1.7 1.5
Consumer Price Index CPI (points) 105.80 106 106 107 108 108
Core Consumer Prices (points) 106.10 108 108 108 108 110
Core Inflation Rate (%) 1.00 2 2 2 2 2
Food Inflation (%) -2.80 2.5 1.5 1 1 1.5
CPI Housing Utilities (points) 116.30 116 116 118 118 117
CPI Transportation (points) 97.50 98.66 97.96 98.96 99.16 99.43

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.00 4 4 4 4 4

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 41524.00 30259 30259 30259 30259 30259
Current Account to GDP (%) -1.20 -22 -22 -14 -14 -14
Imports (USD Million) 45736.00 35841 35841 35841 35841 35841
Exports (USD Million) 87260.00 66100 66100 66100 66100 66100
Crude Oil Production (BBL/D/1K) 4213.00 5100 5200 5100 5100 4800

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 48.40 55 55 62 62 62
Government Budget (% of GDP) -0.90 -22.5 -22.5 -12.5 -12.5 -12.5
Government Budget Value (IQD Million) 6319542.00 6367093 6257318 6257318 6257318 6256638

Taxes Actual Q3 Q4 Q1 Q2 2021
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.