Iraq GDP Annual Growth Rate2021 Data - 2022 Forecast - 1991-2020 Historical - Chart

Name: Iraq GDP Annual Growth Rate
Creator: TRADING ECONOMICS
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Keywords: Iraq,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Iraq expanded 5.90 percent in 2021. source: IMF

GDP Annual Growth Rate in Iraq averaged 6.40 percent from 1991 until 2021, reaching an all time high of 54.16 percent in 2004 and a record low of -56.40 percent in 1991. This page provides - Iraq GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq GDP Annual Growth Rate - values, historical data and charts - was last updated on May of 2022.

GDP Annual Growth Rate in Iraq is expected to reach 9.00 percent by the end of 2022, 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 7.00 percent in 2023 and 3.50 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Annual Growth Rate	5.90	-15.70	percent	Dec 2021

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.