Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1186.43 1192 1195 1197 1200 1204
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) -0.50 2.6 2.6 2.6 6.5 6.5
Unemployment Rate (%) 14.80 14 14 14 14 14
Inflation Rate (%) 0.70 1.1 1.3 1.7 1.4 1.9
Interest Rate (%) 4.00 4 3.5 3.5 3.5 3.5
Balance of Trade (USD Million) 18793.00 32536 32169 31803 30259 30259
Current Account to GDP (%) 4.90 3 3 3 -1.5 -1.5
Government Debt to GDP (%) 48.40 50 50 50 47 47
Government Budget (% of GDP) 6.20 -5.1 -5.1 -5.1 -1.9 -1.9
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) -0.50 2.6 2.6 2.6 6.5 6.5
GDP (USD Billion) 197.72 202 202 202 204 204
Gross National Product (IQD Million) 224153528.60 229981520 229981520 229981520 238723508 244930319
GDP per capita (USD) 5545.90 5667 5667 5667 5699 5699
GDP per capita PPP (USD) 15663.99 16500 16500 16500 17000 17000
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 14.80 14 14 14 14 14
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.70 1.1 1.3 1.7 1.4 1.9
Consumer Price Index CPI (Index Points) 104.40 107 107 106 107 109
Core Consumer Prices (Index Points) 105.10 108 108 107 107 110
Core Inflation Rate (%) 0.60 1.8 2.3 2.1 2.1 2.5
Food Inflation (%) 0.60 1.3 1.6 1.5 1.5 1.1
CPI Housing Utilities (Index Points) 114.10 118 119 116 117 119
CPI Transportation (Index Points) 98.20 103 103 98.94 100 101
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 4.00 4 3.5 3.5 3.5 3.5
Deposit Interest Rate (%) 4.78 4.78 4.28 4.28 4.28 4.28
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) 18793.00 32536 32169 31803 30259 30259
Current Account to GDP (%) 4.90 3 3 3 -1.5 -1.5
Crude Oil Production (BBL/D/1K) 4500.00 4200 4150 4050 4000 3850
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 48.40 50 50 50 47 47
Government Budget (% of GDP) 6.20 -5.1 -5.1 -5.1 -1.9 -1.9
Taxes Actual Q2 Q3 Q4 Q1 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.