Markets Actual Q1 Q2 Q3 Q4 2023
Currency 1458.00 1458 1458 1458 1458 1458

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -10.90 5 5 5 5 5
Unemployment Rate (%) 13.74 12 12 12 12 12
Inflation Rate (%) 8.40 5.4 3.4 4.6 1.6 1.6
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) 5883.20 29142 30259 30259 30259 30259
Current Account to GDP (% of GDP) -12.60 -14 -14 -4.5 -8.5 -8.5
Government Debt to GDP (% of GDP) 68.30 62 62 69 65 65
Government Budget (% of GDP) -17.50 -12.5 -12.5 -9 -9 -9
Corporate Tax Rate (%) 35.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -10.90 5 5 5 5 5
GDP (USD Billion) 167.22 220 220 220 245 245
GDP Constant Prices (IQD Million) 72468542.50 80321914 53250058 54389650 54389650 55912561
GDP per capita (USD) 4286.77 5500 5500 5000 5900 5900
GDP per capita PPP (USD) 9255.26 9100 9100 10000 10500 10500

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

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 8.40 5.4 3.4 4.6 1.6 1.6
Consumer Price Index CPI (points) 113.30 116 115 117 115 117
Core Consumer Prices (points) 114.90 121 122 123 124 135
Core Inflation Rate (%) 8.60 8 8.2 8.4 8 9
Food Inflation (%) 8.30 6 6.2 6.4 6.6 7
CPI Housing Utilities (points) 116.00 122 120 121 118 120
CPI Transportation (points) 112.00 103 107 111 113 109

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

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Million) 5883.20 29142 30259 30259 30259 30259
Current Account to GDP (% of GDP) -12.60 -14 -14 -4.5 -8.5 -8.5
Imports (USD Million) 40927.30 35841 35841 35841 35841 35841
Exports (USD Million) 46810.50 66100 66100 66100 66100 66100
Crude Oil Production (BBL/D/1K) 4225.00 4120 4100 4180 4200 4250

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 68.30 62 62 69 65 65
Government Budget (% of GDP) -17.50 -12.5 -12.5 -9 -9 -9
Government Budget Value (IQD Million) 2634213.00 2934213 1502908 1502908 2634213 2634213

Taxes Actual Q1 Q2 Q3 Q4 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 Saturday, January 22, 2022.