The Gross Domestic Product (GDP) in Iraq contracted 0.50 percent in 2017 from the previous year. GDP Annual Growth Rate in Iraq averaged 7.71 percent from 1991 until 2017, reaching an all time high of 54.16 percent in 2004 and a record low of -56.40 percent in 1991.

GDP Annual Growth Rate in Iraq is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq GDP Annual Growth Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

Iraq GDP Annual Growth Rate
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Iraq GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -0.50 11.00 54.16 -56.40 percent [+]
GDP 197.72 171.49 234.65 1.70 USD Billion [+]
Gross National Product 224153528.60 240917008.90 240917008.90 20594974.80 IQD Million [+]
GDP per capita 5545.90 5750.60 5750.60 1427.90 USD [+]
GDP per capita PPP 15663.99 16242.10 16242.10 4033.00 USD [+]


Iraq GDP Annual Growth Rate

In Iraq, oil extraction is the most important sector of the economy and accounts for 55 percent of GDP. The services sector constitutes 33 percent of the output. Within services the largest segments are: community, social and personal services (13 percent of GDP); finance, insurance and real estate services (9 percent) and wholesale and retail trade and restaurants and hotels (7 percent). Manufacturing, construction and water and electricity production and distribution account for 8 percent of the wealth and agriculture, forestry, hunting and fishing for the remaining 4 percent. This page provides - Iraq GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 11.00 54.16 -56.40 1991 - 2017 percent Yearly




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