Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1458.00 1479 1500 1521 1543 1588

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -10.90 2 2.8 7 7 7
Unemployment Rate (%) 13.74 16 16 15 15 15
Inflation Rate (%) 5.60 1.5 1.3 1.4 1.4 1.6
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) 5883.20 30259 29142 29142 29142 30259
Current Account to GDP (% of GDP) -12.60 -14 -14 -14 -14 -8.5
Government Debt to GDP (% of GDP) 68.30 62 62 62 62 65
Government Budget (% of GDP) -17.50 -12.5 -12.5 -12.5 -12.5 -9
Corporate Tax Rate (%) 35.00 15 15 15 15 15
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -10.90 2 2.8 7 7 7
GDP (USD Billion) 167.22 220 220 220 220 245
GDP per capita (USD) 4927.05 5500 5500 5500 5500 5900
GDP per capita PPP (USD) 9255.26 9100 9100 9100 9100 10500

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 13.74 16 16 15 15 15
Population (Million) 40.20 38.7 38.7 38.7 38.7 38.8

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 5.60 1.5 1.3 1.4 1.4 1.6
Consumer Price Index CPI (points) 110.40 107 111 111 109 111
Core Consumer Prices (points) 112.00 110 113 113 113 113
Core Inflation Rate (%) 6.10 2 2 2 2 2
Food Inflation (%) 4.10 1 1.5 1.5 1.5 2
CPI Housing Utilities (points) 113.70 116 121 121 116 118
CPI Transportation (points) 110.70 97.44 107 111 112 109

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 4.00 4 4 4 4 4

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 5883.20 30259 29142 29142 29142 30259
Current Account to GDP (% of GDP) -12.60 -14 -14 -14 -14 -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) 3862.00 5100 4800 4800 4800 4900

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 68.30 62 62 62 62 65
Government Budget (% of GDP) -17.50 -12.5 -12.5 -12.5 -12.5 -9
Government Budget Value (IQD Million) 1472988.00 6257318 6256638 6256638 6256638 6256638

Taxes Actual Q3 Q4 Q1 Q2 2022
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


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.