Markets Actual Q2 Q3 Q4 Q1 2021
Currency 1187.62 1188 1188 1188 1188 1188

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) -1.00 4.5 4.5 4.5 3.5 3.5
Unemployment Rate (%) 7.90 8 8 8 8.3 8.3
Inflation Rate (%) 1.10 2 1.5 1.3 1.5 1.5
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) 41524.00 30259 30259 31398 30259 30259
Current Account to GDP (%) -1.20 -22 -22 -22 -14 -14
Government Debt to GDP (%) 48.40 55 55 55 62 62
Government Budget (% of GDP) -0.90 -22.5 -22.5 -22.5 -12.5 -12.5
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 2021
GDP Annual Growth Rate (%) -1.00 4.5 4.5 4.5 3.5 3.5
GDP (USD Billion) 225.50 244 244 244 254 254
GDP per capita (USD) 5510.80 5877 5877 5877 5986 5986
GDP per capita PPP (USD) 15564.60 15725 17000 17000 15725 16189

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 7.90 8 8 8 8.3 8.3
Population (Million) 39.40 38.6 38.6 38.6 38.7 38.7

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 1.10 2 1.5 1.3 1.5 1.5
Consumer Price Index CPI (points) 105.50 106 106 106 107 108
Core Consumer Prices (points) 106.50 107 108 108 109 110
Core Inflation Rate (%) 1.30 1.5 2 2 2 2
Food Inflation (%) -2.80 1 2.5 1.5 1 1.5
CPI Housing Utilities (points) 116.30 116 116 116 118 117
CPI Transportation (points) 97.50 99.76 98.66 97.96 98.96 99.43

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 4.00 4 4 4 4 4

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) 41524.00 30259 30259 31398 30259 30259
Current Account to GDP (%) -1.20 -22 -22 -22 -14 -14
Imports (USD Million) 45736.00 35841 35841 35841 35841 35841
Exports (USD Million) 87260.00 66100 66100 66100 66100 66100
Crude Oil Production (BBL/D/1K) 4480.00 4900 5100 5200 5100 4800

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 48.40 55 55 55 62 62
Government Budget (% of GDP) -0.90 -22.5 -22.5 -22.5 -12.5 -12.5
Government Budget Value (IQD Million) 6319542.00 6367093 6367093 6257318 6257318 6256638

Taxes Actual Q2 Q3 Q4 Q1 2021
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.