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
 1196 1206 1217 1227 1268
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 -0.80
percent		 1 1.2 1.5 1.2 2.9
Consumer Price Index CPI 104.60
Index Points		 106 106 105 106 111
Core Consumer Prices 105.30
Index Points		 109 108 105 106 115
Core Inflation Rate 0.90
percent		 2 2.5 0.39 0.42 3.7
Food Inflation -0.60
percent		 1.2 2.5 3 3 4.5
CPI Housing Utilities 113.90
Index Points		 121 119 116 115 124
CPI Transportation 102.00
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 4 6
Money Supply M0 57104.00
IQD Billion		 56432 56267 56058 55886 55056
Money Supply M1 68077.00
IQD Billion		 67636 67377 67129 66890 64953
Money Supply M2 86486.00
IQD Billion		 86363 86293 86225 86158 85599
Deposit Interest Rate 4.86
percent		 4.86 5.86 5.86 4.86 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 4360.00
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 1845840.00
IQD Million		 1983919 3381244 4008524 3499352 3526094
Government Revenues 77335955.00
IQD Million		 43095694 42704499 42270750 42383163 42399485
Fiscal Expenditure 75490115.00
IQD Million		 41111774 39498207 38262227 38883810 38873391
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