Markets Actual Q3 Q4 Q1 Q2 2023
Currency 1458.50 1459 1459 1459 1459 1459

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 5.90 9 9 7 7 7
Unemployment Rate (%) 13.74 12 12 12 12 12
Inflation Rate (%) 5.40 4.6 4 3.6 3 1.6
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) 10065.10 30259 30259 30259 30259 30259
Current Account to GDP (% of GDP) 5.90 14 15 9 9 9
Government Debt to GDP (% of GDP) 59.30 40 40 40 40 40
Government Budget (% of GDP) 1.90 10 10 8 8 8
Corporate Tax Rate (%) 35.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 5.90 9 9 7 7 7
GDP (USD Billion) 167.22 220 245 245 245 245
GDP Constant Prices (IQD Million) 72468542.50 78990711 78990711 78990711 77541340 84520061
GDP per capita (USD) 4286.77 5000 5900 5900 5900 5900
GDP per capita PPP (USD) 9255.26 10000 10500 10500 10500 10500

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 13.74 12 12 12 12 12
Population (Million) 40.20 38.7 38.8 38.8 38.8 38.8

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 5.40 4.6 4 3.6 3 1.6
Consumer Price Index CPI (points) 116.20 117 117 118 120 120
Core Consumer Prices (points) 116.90 122 123 125 127 136
Core Inflation Rate (%) 4.60 8.4 8 8 8 9
Food Inflation (%) 8.54 6.4 6.6 6.6 6.6 7
CPI Housing Utilities (points) 118.00 121 121 125 122 123
CPI Transportation (points) 112.90 103 107 111 113 109

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 4.00 4 4 4 4 4

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 10065.10 30259 30259 30259 30259 30259
Current Account to GDP (% of GDP) 5.90 14 15 9 9 9
Imports (USD Million) 10595.00 35841 35841 35841 35841 35841
Exports (USD Million) 20660.00 66100 66100 66100 66100 66100
Crude Oil Production (BBL/D/1K) 4470.00 4180 4200 4200 4200 4250

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 59.30 40 40 40 40 40
Government Budget (% of GDP) 1.90 10 10 8 8 8
Government Budget Value (IQD Million) 7120385.00 1502908 2634213 2634213 2634213 2634213

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 35.00 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


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Iraq Forecast - was last updated on Wednesday, July 6, 2022.