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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1184.05
1203 1221 1241 1260 1341
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 11.00
percent
5.8 5.8 12.62 5.8 3.5
GDP 171.49
USD Billion
153 153 153 153 93.3
Gross National Product 224153528.60
IQD Million
236777132 229624916 222472699 215320483 101953257
GDP per capita 5695.70
USD
5176 5239 5301 4958 5029
GDP per capita PPP 16086.90
USD
14492 14720 14948 14538 13209
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 16.00
percent
16.9 16.9 16.87 16.9 16.5
Population 37.20
Million
37.45 37.72 37.98 38.25 41.26
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 0.10
percent
0.5 0.8 1 1.2 2.9
Consumer Price Index CPI 104.40
Index Points
104 104 104 104 103
Core Consumer Prices 105.70
Index Points
105 105 105 105 105
Core Inflation Rate 1.10
percent
1.4 1.9 2 2.5 3.7
Food Inflation -0.60
percent
1.53 1.55 1.55 1.56 1.56
CPI Housing Utilities 115.10
Index Points
114 113 113 113 113
CPI Transportation 95.00
Index Points
95.15 95.13 95.09 95.12 95.11
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 4.00
percent
4 4 4.75 5 6
Money Supply M0 56951.00
IQD Billion
56856 56783 56715 56648 56120
Money Supply M1 69887.00
IQD Billion
69454 69317 69190 69065 67625
Money Supply M2 87764.00
IQD Billion
87268 87093 86934 86781 85015
Deposit Interest Rate 4.86
percent
5.62 5.69 5.75 5.81 7.37
Cash Reserve Ratio 15.00
percent
15.12 15.24 15.36 15.47 16.56
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 3317.80
USD Million
20077 16710 13344 9977 9850
Exports 51327.70
USD Million
66747 57496 48245 38993 22029
Imports 48009.90
USD Million
49678 47848 46017 44187 26640
Current Account -1913.10
USD Million
15865 11075 6284 1494 4184
Current Account to GDP -7.30
percent
-6 -6 7.24 -6 -4
Gold Reserves 89.82
Tonnes
89.22 88.33 87.38 86.44 79.46
Crude Oil Production 4362.00
BBL/D/1K
4181 4029 3886 3754 2732
Terrorism Index 10.00
9.67 9.78 9.89 10 9.29
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 63.70
percent
75 75 90.1 73 82
Government Budget -7.20
percent of GDP
2.76 5.6 8.44 -6.5 -5.8
Government Budget Value 2956607.00
IQD Million
7630856 8583839 9088323 9353064 9646272
Government Revenues 63370565.00
IQD Million
38127233 37343669 37491995 37527223 37526648
Fiscal Expenditure 60413958.00
IQD Million
25103263 26485681 28087223 28014258 27853182
Military Expenditure 6187.60
USD Million
7502 7568 7633 7699 3364
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 0.90
percent
1.44 1.49 1.52 1.55 1.61
Internet Speed 4079.62
KBps
3713 3634 3547 3466 3048
IP Addresses 200240.00
IP
195321 185358 183423 175748 150281
Ease of Doing Business 168.00
164 165 167 168 160
Corruption Index 17.00
Points
17 17 17 18 18
Corruption Rank 166.00
158 161 163 166 154
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 24.20
mm
31.53 13.32 0.37 20.09 16.69
Temperature 8.92
celsius
11.57 26.6 32.58 16.61 22.31