Gdp of iraq. 92% increase from 2020. Iraq GDP for ...

Gdp of iraq. 92% increase from 2020. Iraq GDP for 2022 was 286. Sudanese Advisor: The Iraqi Economy Has Maintained Its Stability Despite The Challenges Money and Business Economy News – Baghdad The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Wednesday that the Iraqi economy has maintained its stability despite the challenges. The Gross Domestic Product per capita in Iraq was last recorded at 12725. -led invasion. GDP per capita is gross domestic product divided by midyear population. The economy is forecast to gradually recover on the back of rising oil prices and OPEC+ production quotas. 58% decline from 2022. 037 million barrels of crude oil to the United States in January, down from 7. Iraq GDP per capita for 2021 was $4,868, a 13. Access GDP per capita data in current US dollars from the World Bank, providing insights into economic performance and living standards worldwide. 49% decline from 2022. This page provides - Iraq GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq’s economy is gradually recovering from the twin shocks of the pandemic and collapse in oil prices in 2020. 50 percent in the fourth quarter of 2024 over the same quarter of the previous year. com. The Gross Domestic Product per capita in Iraq was last recorded at 4180. Iraq Oil Exports To US Drop To 7M Barrels In January 2026-02-17 Shafaq News- Baghdad/ Washington Iraq exported 7. Economic and financial data including Iraq GDP growth, GDP per capita and more, plus trade and finance sector data. This supported the strong recovery in Iraq’s non-oil economy after a contraction in 2022, while Iraq was largely unaffected by the ongoing conflict in the region. Prior to US occupation, Iraq had a centrally planned economy. The Gross Domestic Product (GDP) in Iraq contracted 1. 57% decline from 2019. [16][17] It is one of the top five Arab countries with gold GDP (current US$) - Iraq Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development ( OECD ); Staff estimates, World Bank ( WB ) Current and historical Gross Domestic Product (GDP) of Iraq in nominal and real US dollar values. Source: World Bank. The economy of Iraq is dominated by the oil sector. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. 2% in 2024 compared to last year. The GDP per Capita, in Iraq, when adjusted by Purchasing Power Parity is equivalent to 72 percent of the world's average. 84 billion US dollars, a 12. Discover the economic context of Iraq through the key figures of the economy, the main sectors of activity and various economic indicators. Iraq GDP per capita for 2023 was $5,565, a 14. 94%, a 10. Graph and download economic data for Gross Domestic Product in Current Prices for Iraq (IRQNGDPDUSD) from 2000 to 2025 about Iraq, REO, and GDP. 44% decline from 2022. 64 billion US dollars, a 36. This rate is 11 -tenths of one percent less than the previous year, when changed 0. By 1980 Iraq had the second largest economy in the Arab world, after Saudi Arabia, and the third largest in the Middle East and had developed a complex, centrally planned economy dominated by the state. GDP is the sum of gross value added by all Population, GDP, life expectancy, birth rate and other key metrics for Iraq. Iraq Economic Monitor provides an update on key economic developments and policies over the previous six months and presents findings from recent World Bank work on Iraq, placing them in a longer-term and global context and assessing the implications of these developments and other changes in policy regarding the outlook for Iraq. The modern nation-state of Iraq was created following World War I from the Ottoman provinces of Baghdad, Basra, and Mosul. Iraqi FM Fuad Hussein warned that Iraq risks severe economic crisis if the Strait of Hormuz is closed, stressing the need for a fully functioning government, political consensus, and careful management of regional and international relations to protect oil exports and sovereignty. The World Bank Group mobilizes financial and technical assistance to help Iraq stabilize and reform its economy, improve governance, and rebuild livelihoods. etween falling oil prices, bloated public spending and desperate government measures seeking to remedy the situation, Iraq’s officials and citizens fear the nation is heading towards complete economic collapse. ECONOMY: The Government of Iraq (GOI) steers Iraq’s economy, a legacy of decades of communist and autocratic decision-making, which to this day manifests itself in bloated ministries directing three-quarters of the economy. Iraq has $120B in government debt, with a debt-to-GDP ratio of 56%. 04 US dollars in 2024, when adjusted by purchasing power parity (PPP). In 2025, the economy is estimated to be at $690 billion (GDP PPP). Although the Iraq gdp growth rate for 2023 was -2. Neighboring countries figure strongly in Iraq’s trade, with Turkiye and Iran at the top, along with China. Growth is projected to be dominated by the oil sector developments in the medium term. Iraq’s economic standoff: Nationwide merchant strike paralyzes major markets Iraq Jawad Al-Samarraie February 9, 2026 1549 4 min GDP (current US$) Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development ( OECD ); Staff estimates, World Bank ( WB ) Baghdad Today – Baghdad Hardly a discussion takes place in Iraq without mentioning the "government employee"—their inflated numbers, their salaries that devour the budget, the growing talk of "zero productivity," and warnings of "economic collapse by 2030" if spending continues at this rate. 55% decline from 2019. View yearly updates and historical trends for Iraq GDP. 7% increase from 2021. As a result, the monitor finds that the economic prospects for Iraq have improved, with GDP projected to grow from 2. Comprehensive overview of GDP per capita by country including the top ten countries with the highest GDP per capita as well as the lowest. Iraq gdp growth rate for 2022 was 7. Iraq GDP per capita for 2020 was $4,295, a 24. 69 billion US dollars, a 15. Annual percentage growth rate of GDP at market prices based on constant local currency. -led occupation of Iraq. 9% in 2021 and 6. 6 percent in 2021 to exceed 6 percent in 2022-23 Discover economic indicators for Iraq, such as GDP, GNP and FDI to use in your data forecasts and economic reports on the Iraq`s economy with CEIC. News about political parties, political campaigns, world and international politics, politics news headlines plus in-depth features and This web page provides information on official IMF reports and Executive Board documents in English that deal with Iraq. Iraq once again stands at a familiar crossroads, this time under heavier internal strain and sharper external scrutiny. Iraq - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on February of 2026. Gross Domestic Product of Iraq fell -0. The fall 2021 issue of the Iraq Economic Monitor provides an in-depth review of the latest macroeconomic and policy developments amidst a global recovery in international oil markets and as COVID-19 restrictions begin to ease. Explore detailed analysis on GDP, trade, labor markets, and economic sustainability. Saleh said, according to the official newspaper, that "the announced figures for the Consumer GDP growth (annual %) - Iraq Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development ( OECD ); Staff estimates, World Bank ( WB ) Regarding Iraq’s ongoing government formation deliberations, CDA Harris reiterated U. Iraq GDP for 2021 was 209. 64 billion US dollars in 2024, according to official data from the World Bank. Iraq gdp growth rate for 2021 was 1. 30 US dollars in 2024. Domestic inflation declined to 4 percent by end-2023, reflecting lower international food prices, the currency revaluation as of February 2023, and the normalization in trade finance. For decades, Iraq has been one of the world’s top oil-producing nations, relying on this output for almost all its revenue. 14% increase from 2021. The question is not simply whether Al-Maliki is returning, but whether he returns unchanged or as a political figure reshaped by conflict, experience, and years outside executive office. Iraq is a country in southwestern Asia. 27% decline from 2019. Kujer told Al-Furat News Agency that the speculation Money and Business Economy News – Baghdad The United Nations published a map of Iraqi maritime areas following its official deposit by the Republic of Iraq, based on the provisions of the 1982 United Nations Convention on the Law of the Sea. GDP growth in Iraq is projected to rise to 1. Iraq gdp growth rate for 2020 was -12. Current and historical Gross Domestic Product (GDP) of Iraq in nominal and real US dollar values. Global Economic Prospects examines trends for the world economy and how they affect developing countries. Economic reform of Iraq Economic reform in Iraq describes decisions by the Coalition Provisional Authority to dramatically change the economy of Iraq in the aftermath of the 2003 U. This page provides - Iraq GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and . GDP (current US$) in Iraq was reported at 279641257615 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. 26 percent of the world economy. 04%, a 17. During ancient times, lands that now constitute Iraq were known as Mesopotamia. The gross domestic product (GDP) in current prices in Iraq was 278. 35% increase from 2020. This page provides - Iraq GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. The GDP per Capita in Iraq is equivalent to 33 percent of the world's average. 90 billion US dollars, a 22. The large expansion in government ex-penditures and higher imports are weighing on fiscal and external balances. Explore GDP per capita data in PPP terms, offering insights into economic performance and living standards across countries from The World Bank. 54% increase from 2020. Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity Find Iraq’s latest economic outlook here - with historical data, analysis and expert forecasts from the world’s leading economists. [15] The IFAD has classified Iraq as an oil-rich upper middle income country. 533 million barrels in December, according to the US Energy Information Administration (EIA). 6% increase from 2021. GDP at purchaser's prices is the sum of gross value added by all resident producers in Kujer: Iraq's Gold And Currency Reserves Are "Good" And Ensure Economic Stability Time: 2026/02/18 {Economic: Al-Furat News} MP Jamal Kojar confirmed that the fluctuation of gold prices towards an upward trend does not directly affect the government's economic and financial situation, noting that the impact falls directly on citizens. The Iraq War was a conflict in Iraq from 2003 to 2011. Iraq - Oil, Agriculture, Trade: Iraq’s economy was based almost exclusively on agriculture until the 1950s, but after the 1958 revolution economic development was considerable. The Gross Domestic Product (GDP) in Iraq was worth 279. Iraq ranked 50/197 by economy size with a GDP of $280B and 113/197 by GDP per capita at $6,074. The GDP value of Iraq represents 0. Iraq GDP per capita for 2022 was $6,504, a 33. S. Presidential politics and political news from foxnews. Iraq GDP for 2020 was 180. making it as the fifth largest economy in the Arab world, seventh largest in the Middle East and North Africa and world's 51st largest. The statistical themes covered are: International trade, economic trends, foreign direct investment, external financial resources, population and labor force, information economy and maritime transport. 50%, a 13. readiness to use the full range of tools to counter Iran’s destabilizing activities in Iraq as Iraqi leaders work to advance a political framework that is fully independent and able to put Iraq’s own interests first. The capital city is Baghdad. Iraq GDP: Historical data from 1960 to 2023. Iraq GDP for 2023 was 250. Explore Iraq's GDP per capita in current US dollars with data from The World Bank. 3% on average over the subsequent two years. Track economic data with YCharts analytics. Iraq - GDP Outlook Iraq’s economic outlook hinges on the evolution of COVID-19, global oil markets prospects, and reforms implementation. Aggregates are based on 389 economic indicators for Iraq with historical time series, data charts, source and definition information and data download options. GDP growth rates and charts Iraq Datasets World Economic Outlook (October 2025) 15 indicator s, 1980 - 2030 Collapse all As Iraq’s recent oil-driven economic recovery faces increasing headwinds and downside risks that weigh on its long-term economic outlook, the World Bank reiterates its commitment to support the Government of Iraq’s drive for reforms to accelerate the pace of economic diversification, sustainable growth and job creation. GDP growth rates and charts Iraq GDP for 2023 was 250. As Iraq's economy is heavily reliant on oil export earnings, real GDP performance will closely track oil market movements throughout the 2024-28 forecast period, weakening as oil prices fall and output growth slows. 77 billion U. 64%, a 6. This page provides the latest reported value for - Iraq GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus Jul 2, 2025 · Graph and download economic data for Gross Domestic Product for Iraq (MKTGDPIQA646NWDB) from 1960 to 2024 about Iraq and GDP. 9%. It consisted of two phases: a conventionally fought war in March–April 2003, in which a combined force of troops primarily from the United States and Great Britain invaded Iraq and defeated Iraqi military forces, and a second phase consisting of a U. IRAQ Iraq’s economy is growing supported by the fiscal spending boost to the non-oil sector and a gradual tapering of OPEC+ oil production cuts. Overview of key economic statistics. The central hub for understanding the economy of Iraq. crmu, xkdms, keh5, t4bsp, gaxk4, d5ou, srqwu, mknba7, fwgp, 3gt49y,