The Gross Domestic Product (GDP) in Iraq contracted 1 percent in 2018 from the previous year. GDP Annual Growth Rate in Iraq averaged 7.04 percent from 1991 until 2018, 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 4.50 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 2.50 percent in 2020, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Iraq GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -3.80 54.16 -56.40 1991 - 2018 percent Yearly


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.

Iraq GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.00 -3.80 54.16 -56.40 percent [+]
GDP 225.91 193.16 234.65 1.70 USD Billion [+]
GDP per capita 5510.80 5604.60 5846.50 1432.20 USD [+]
GDP per capita PPP 15564.60 15829.60 16512.90 4045.00 USD [+]