Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1187.62 1188 1188 1188 1188 1188
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -1.00 4.5 4.5 4.5 4.5 3.5
Unemployment Rate (%) 14.80 14 14 14 14 14
Inflation Rate (%) -0.30 1 2 1.5 1.3 1.5
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) 41524.00 32536 30259 30259 31398 30259
Current Account to GDP (%) 4.90 -3.5 -3.5 -3.5 -3.5 -4.5
Government Debt to GDP (%) 48.40 47 47 47 47 45
Government Budget (% of GDP) 6.20 -3.5 -3.5 -3.5 -3.5 -4
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -1.00 4.5 4.5 4.5 4.5 3.5
GDP (USD Billion) 225.91 244 244 244 244 254
GDP per capita (USD) 5510.80 5877 5877 5877 5877 5986
GDP per capita PPP (USD) 15564.60 17000 17000 17000 17000 17000
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 14.80 14 14 14 14 14
Population (Million) 38.40 38.6 38.6 38.6 38.6 38.7
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) -0.30 1 2 1.5 1.3 1.5
Consumer Price Index CPI (points) 104.80 105 106 106 106 108
Core Consumer Prices (points) 105.50 107 107 108 108 111
Core Inflation Rate (%) 0.40 2.1 2.1 2.1 2.5 2.5
Food Inflation (%) -1.60 1 1.5 2.5 1.5 1.5
CPI Housing Utilities (points) 114.40 115 116 116 116 118
CPI Transportation (points) 97.00 99.18 99.76 98.66 98.26 99.73
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 4.00 4 4 4 4 4
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 41524.00 32536 30259 30259 31398 30259
Current Account to GDP (%) 4.90 -3.5 -3.5 -3.5 -3.5 -4.5
Exports (USD Million) 87260.00 64642 66100 66100 66100 66100
Imports (USD Million) 45736.00 32106 35841 35841 35841 35841
Crude Oil Production (BBL/D/1K) 4595.00 4200 4100 4000 4000 4100
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 48.40 47 47 47 47 45
Government Budget (% of GDP) 6.20 -3.5 -3.5 -3.5 -3.5 -4
Government Budget Value (IQD Million) 8537096.00 6367093 6367093 6367093 6257318 6256638
Taxes Actual Q1 Q2 Q3 Q4 2020
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.