Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1186.00 1189 1192 1195 1197 1208
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) -0.50 1.7 6.3 6.3 6.3 3.5
Unemployment Rate (%) 14.80 14.5 14 14 14 14
Inflation Rate (%) 0.10 0.5 1.8 1.4 2.2 2.1
Interest Rate (%) 4.00 5 5 5 5 6
Balance of Trade (USD Million) 18793.00 32536 32903 32536 32169 29142
Current Account to GDP (%) 2.30 6.5 3 3 3 -1.5
Government Debt to GDP (%) 59.70 53 50 50 50 47
Government Budget (% of GDP) -1.60 5.5 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 Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) -0.50 1.7 6.3 6.3 6.3 3.5
GDP (USD Billion) 197.72 200 202 202 202 204
Gross National Product (IQD Million) 224153528.60 227964139 238275201 238275201 238275201 250807285
GDP per capita (USD) 5545.90 5562 5667 5667 5667 5699
GDP per capita PPP (USD) 15663.99 15900 16500 16500 16500 17000
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 14.80 14.5 14 14 14 14
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.10 0.5 1.8 1.4 2.2 2.1
Consumer Price Index CPI (Index Points) 105.60 105 106 107 107 109
Core Consumer Prices (Index Points) 105.30 105 107 108 108 110
Core Inflation Rate (%) -0.40 0.2 2.2 1.8 2.3 2.5
Food Inflation (%) 5.10 1.2 1.4 1.3 1.6 1.1
CPI Housing Utilities (Index Points) 114.80 118 117 118 119 123
CPI Transportation (Index Points) 99.50 95.48 96.71 103 103 99.43
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 4.00 5 5 5 5 6
Deposit Interest Rate (%) 4.86 5.86 5.86 5.86 5.86 6.86
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) 18793.00 32536 32903 32536 32169 29142
Current Account to GDP (%) 2.30 6.5 3 3 3 -1.5
Crude Oil Production (BBL/D/1K) 4455.00 4480 4500 4500 4500 4600
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 59.70 53 50 50 50 47
Government Budget (% of GDP) -1.60 5.5 4 4 4 1
Government Budget Value (IQD Million) 17652895.00 5697298 6406360 6085124 6235610 6256638
Taxes Actual Q4 Q1 Q2 Q3 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.