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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1186.43
1189 1192 1195 1197 1208
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate -0.50
percent
1.7 6.3 6.3 6.3 3.5
GDP 197.72
USD Billion
200 202 202 202 204
Gross National Product 224153528.60
IQD Million
227964139 238275201 238275201 238275201 250807285
GDP per capita 5545.90
USD
5562 5667 5667 5667 5699
GDP per capita PPP 15663.99
USD
15900 16500 16500 16500 17000
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 14.80
percent
14.5 14 14 14 14
Population 38.30
Million
38.26 38.25 38.25 38.24 38.17
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 0.10
percent
0.5 1.8 1.4 2.2 2.1
Consumer Price Index CPI 105.10
Index Points
105 106 107 107 109
Core Consumer Prices 105.70
Index Points
105 107 108 108 110
Core Inflation Rate -0.70
percent
0.2 2.2 1.8 2.3 2.5
Food Inflation 1.50
percent
1.2 1.4 1.3 1.6 1.1
CPI Housing Utilities 116.00
Index Points
118 117 118 119 123
CPI Transportation 100.70
Index Points
95.48 96.71 103 103 99.43
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.00
percent
5 5 5 5 6
Money Supply M0 61227.00
IQD Billion
61579 62435 63045 63586 65966
Money Supply M1 70756.00
IQD Billion
70873 71010 71142 71270 72226
Money Supply M2 89577.00
IQD Billion
90105 90466 90816 91157 93821
Deposit Interest Rate 4.86
percent
5.86 5.86 5.86 5.86 6.86
Cash Reserve Ratio 15.00
percent
15 15 15 15 15
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 18793.00
USD Million
32536 32903 32536 32169 29142
Exports 57559.00
USD Million
63520 64081 64642 65203 63623
Imports 38766.00
USD Million
30250 31178 32106 33034 34481
Current Account 3554.70
USD Million
17480 17040 16600 16161 9846
Current Account to GDP 2.30
percent
6.5 3 3 3 -1.5
Gold Reserves 89.80
Tonnes
89.79 89.79 89.79 89.79 89.79
Crude Oil Production 4460.00
BBL/D/1K
4480 4500 4500 4500 4600
Terrorism Index 10.00
10 10 10 10 10
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 59.70
percent
53 50 50 50 47
Government Budget -1.60
percent of GDP
5.5 4 4 4 1
Government Budget Value 15193856.00
IQD Million
4543627 5627556 4907739 5016967 5075573
Government Revenues 56781529.00
IQD Million
36145206 38727202 39408244 38915256 38973633
Fiscal Expenditure 41587673.00
IQD Million
32218094 33099646 34500505 33898289 33898060
Military Expenditure 7283.50
USD Million
4943 5289 5635 5981 6530
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 0.80
percent
1.11 1.21 1.29 1.35 1.58
Internet Speed 4079.62
KBps
4119 4113 4115 4117 4116
IP Addresses 200240.00
IP
230828 232995 234540 233550 232215
Ease of Doing Business 171.00
170 169 168 168 167
Corruption Index 18.00
Points
18 18 18 18 18
Corruption Rank 169.00
169 169 169 169 169
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 24.20
mm
20.09 31.6 14.58 14.58 16.69
Temperature 8.92
celsius
16.61 11.59 33.63 28.65 22.31



Iraq - Economic Forecasts - 2018-2020 Outlook