Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1190.00 1189 1191 1194 1196 1201
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -0.50 6.3 6.3 6.3 6.3 3.5
Unemployment Rate (%) 14.80 14 14 14 14 14
Inflation Rate (%) 0.80 1.8 1.4 2.2 2 2.1
Interest Rate (%) 4.00 4 4 3.5 3.5 3.5
Balance of Trade (USD Million) 18793.00 32903 32536 32169 31803 30259
Current Account to GDP (%) 2.30 3 3 3 3 -1.5
Government Debt to GDP (%) 59.70 50 50 50 50 47
Government Budget (% of GDP) -1.60 4 4 4 4 1
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -0.50 6.3 6.3 6.3 6.3 3.5
GDP (USD Billion) 197.72 202 202 202 202 204
Gross National Product (IQD Million) 224153528.60 238275201 238275201 238275201 238275201 246614833
GDP per capita (USD) 5545.90 5667 5667 5667 5667 5699
GDP per capita PPP (USD) 15663.99 16500 16500 16500 16500 17000
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 14.80 14 14 14 14 14
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.80 1.8 1.4 2.2 2 2.1
Consumer Price Index CPI (Index Points) 105.10 106 107 107 108 110
Core Consumer Prices (Index Points) 105.10 107 108 108 108 110
Core Inflation Rate (%) -0.10 2.2 1.8 2.3 2.1 2.5
Food Inflation (%) 2.00 1.4 1.3 1.6 1.5 1.1
CPI Housing Utilities (Index Points) 114.90 117 118 119 117 120
CPI Transportation (Index Points) 98.70 96.71 103 103 101 104
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 4.00 4 4 3.5 3.5 3.5
Deposit Interest Rate (%) 4.86 5.86 5.86 5.86 5.86 5.86
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 18793.00 32903 32536 32169 31803 30259
Current Account to GDP (%) 2.30 3 3 3 3 -1.5
Crude Oil Production (BBL/D/1K) 4465.00 4500 4500 4500 4500 4600
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 59.70 50 50 50 50 47
Government Budget (% of GDP) -1.60 4 4 4 4 1
Government Budget Value (IQD Million) 17652895.00 6406360 6085124 6235610 6367093 6257318
Taxes Actual Q1 Q2 Q3 Q4 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.