iraq gdp 2018

Iraq, which took place in February 2018 in Kuwait. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart | News. Iraq: Value added in the agricultural sector as percent of GDP: For that indicator, we provide data for Iraq from 1968 to 2019. Real GDP (constant, inflation adjusted) of Iraq reached $208,595,479,619 in 2017. The value for GDP per capita (constant LCU) in Iraq was 5,247,159 as of 2018. Agriculture contributes just 3.3% to the gross national product and employs a fifth of the labor. Real GDP is estimated to have grown by 0.6 percent in 2018, thanks to a notable improvement in security conditions and higher oil prices, reversing the contraction of 1.7 percent seen in 2017. Iraq GDP is at a current level of 224.23B, up from 195.47B one year ago. The average value for Iraq during that period was 9.81 percent with a minimum of 1.48 percent in 2019 and a maximum of 20.59 percent in 1995. Table A reviews Iraq… Iraq’s per Capita GDP Development 2003-2018 Trends of Iraq’s GDP 2003-2018 Billion US$ current prices Use of New Technologies for Economic Databases in Iraq, By Dr. Zaid Abdul-Hadi Haba * The World Bank Group works in every major area of development. Iraq Coronavirus COVID-19 Cases at 1045010.00 Persons, Iraq Coronavirus COVID-19 Deaths at 15348.00 Persons, Iraq Coronavirus COVID-19 Recovered at 927575.00 Persons, Iraq Coronavirus COVID-19 Vaccination Total at 298377.00 doses, Iraq Coronavirus COVID-19 Vaccination Rate at 0.74 doses per 100 people, Iraq Balance of Trade at 32167.60 USD Million, Iraq Current Account at 15762.60 USD Million, Iraq Current Account to GDP at -12.60 percent, Belgium Inflation Rate Reaches 15-month High, Spain Industrial Morale Improves to 20-Month High, Botswana Holds Key Interest Rate Steady at 3.75%, Greece Total Credit Growth to the Economy Slows. Overall GDP growth is projected to return to a positive 2.5% in 2018 despite the extension of the OPEC+ agreement till end-2018, and it will further increase in 2019 as the agreement expires. Trends of Iraq’s GDP 2003-2018 Billion US$ current prices. GDP per Capita in Iraq (with a population of 37,552,781 people in 2017) was $5,555, a decrease of $264 from $5,818 in 2016; this represents a change of-4.5% in GDP per capita. Iraq The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. 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. Though Iraq real GDP growth fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at -12.1 % in 2020. Page last updated on February 28, 2018 Economy - overview: Iraq's GDP growth slowed to 1.1% in 2017, a marked decline compared to the previous two years as domestic consumption and investment fell because of civil violence and a sluggish oil market. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. 178.11 (billion US dollars) in 2020. Iraq’s economy is gradually picking up following the deep economic strains of the last four years. Iraq maintained oil production in line with OPEC+ agree-ment. Iraq’s growth outlook is expected to improve thanks to a more favorable security environment and the gradual pickup of investment for reconstruction. -12.1 (%) in 2020. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. The National quotes the […] Iraq - GDP. Use of New Technologies for Economic Databases in Iraq, By Dr. Zaid Abdul-Hadi Haba * Request for Donation. The rebound of economic growth in 2017 was lower than expected. Reconstruction effort may be de-layed due to political uncertainty follow-ing elections in May 2018. Publish your articles and forecasts in our website. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. Iraq - Gross domestic product in constant prices growth rate. From 2020, oil production is expected to increase only marginally, reducing overall economic growth, as the Government of Iraq (GoI) cannot afford to significantly increase investments in the oil sector. The gross domestic product (GDP) measures of national income and output for a given country's economy. Overall GDP growth is projected to return to a positive 2.5% in 2018 despite the extension of the OPEC+ agreement till end-2018, and it will further increase in 2019 as the agreement expires. As the graph below shows, over the past 58 years this indicator reached a maximum value of 273,600,000,000,000 in 2014 and a minimum value of 601,399,800 in 1960. Iraq gdp per capita for 2018 was $5,834, a 12.08% increase from 2017. As Iraq's economy is heavily reliant on oil export earnings, real GDP performance will closely track oil market movements throughout 2021-25. This is a change of 14.71% from one year ago. The value for GDP (current LCU) in Iraq was 265,038,000,000,000 as of 2018. Iraq’s economy is gradually picking up following the deep economic strains of the last four years. Iraq - Gross domestic product in current prices. Real GDP is estimated to have grown by 0.6 percent in 2018, thanks to a notable improvement in security con-ditions and higher oil prices, reversing the contraction of 1.7 percent seen in 2017. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Global data and statistics, research and publications, and topics in poverty and development, MENA Economic Monitor, April 2018 - Economic Transformation, Environmental and Social Policies for Projects. License: All the material produced by Our World in Data, including interactive visualizations and code, are completely open access under the Creative Commons BY license.You have the permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Iraq gdp growth rate … The latest value from is percent. Oil production is expected to return to pre-2017 levels in … Overall GDP growth is projected to return positive in 2018 despite the extension of the OPEC+ agreement till end-2018. The latest comprehensive information for - Iraq GDP - including latest news, historical data table, charts and more. In 2020, real GDP growth for Iraq was -12.1 %. Iraq gdp growth rate for 2019 was 4.40%, a 4.96% increase from 2018. 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. Iraq’s economy is gradually picking up following the deep economic strains of the last four years. The GDP value of Iraq represents 0.20 percent of the world economy. As the graph below shows, over the past 50 years this indicator reached a maximum value of 5,681,336 in 2016 and a minimum value of 1,371,897 in 1991. Labor force participation rate of youth (ages 15-24) has dropped markedly since the onset of the crisis in 2014, from 32.5 % to 27.4%. Direct access to our calendar releases and historical data. Iraq’s growth outlook is expected to improve thanks to a more favorable security environment and the gradual pickup of investment for reconstruction. Between 1990 and 2019, Iraq’s HDI value increased from 0.560 to 0.674, an increase of 20.4 percent. GDP per capita PPP in Iraq averaged 7892.70 USD from 1990 until 2019, reaching an all time high of 11542.30 USD in 2016 and a record low of 2787.20 USD in 1991. Oil production will grow by 2.2 percent in 2018 as the oil production in Kirkuk resumes. To learn more about cookies, click here. Iraq’s HDI value for 2019 is 0.674— which put the country in the medium human development category— positioning it at 123 out of 189 countries and territories. The poverty rate increased from 18.9% in 2012 to an estimated 22.5% in 2014. GDP growth in Iraq is expected to hit 4.1 percent in 2019, up from 2.8 percent this year, acccording to data from Moody's. Download historical data for 20 million indicators using your browser. GDP Growth Rate in 2017 was -2.07%, representing a change of -4,416,096,561 US$ over 2016, when Real GDP was $213,011,576,180. The GDP per Capita, in Iraq, when adjusted by Purchasing Power Parity is equivalent to 61 percent of the world's average. However, we do not expect the vote to produce a substantial shift in the makeup of parliament, with the dominant ethno-sectarian parties remaining in control. The gain is based on an expectation of oil prices averaging $75 per barrel, and would be the highest level since 2016’s 13.1 percent expansion. The non-oil economy picked up speed and Between 1992 and 2003, the GDP growth rate was between 6% and 10%. In 2019, Iraq's gross domestic product amounted to around 230.14 billion U.S. dollars. The Trading Economics Application Programming Interface (API) provides direct access to our data. Iraq gdp per capita … From 2020, oil production is expected to increase only marginally, … The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. Definition: GDP per capita is gross domestic product divided by midyear population. Unemployment increased particularly for individuals from the poorest households, youth, and those in the prime working age (ages 25-49). The unemployment rate is about twice as high in the governorates most affected by ISIS-related violence and displacement compared to the rest of the country (21.1% versus 11.2%), especially among the young and the uneducated. Recent labor market statistics suggest further deterioration of the poverty situation. The Gross Domestic Product (GDP) in Iraq was worth 234.09 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Neighboring countries include Iran, Jordan, Kuwait, Saudi Arabia, Syria, and Turkey. Iraq’s Real GDP Growth rates 2003-2018 (Annual percentage change) Iraq’s per Capita GDP Development 2003-2018. By John Lee. Iraqi GDP estimates, 2002-2018 1 2: Year 3: GDP (constant 2010 U.S. dollars, billions) Real GDP growth (%) GDP per capita (constant 2010 U.S. dollars, billions) Real GDP … For comparison, the world average in based on countries is 0.00 percent. If you continue to navigate this website beyond this page, cookies will be placed on your browser. 2018 2019; Population (million) 35.2: 36.2: 37.1: 38.1: 39.1: GDP per capita (USD) 4,677: 4,606: 5,133: 5,571: 5,636: GDP (USD bn) 165: 167: 191: 212: 220: Economic Growth (GDP, annual variation in %) 2.6: 13.8-3.8: 0.9: 4.4: Industrial Production (annual variation in %) 22.2: 8.0 - - - Unemployment Rate: 10.7: 10.8: 13.0: 12.9: 12.8: Fiscal Balance (% of GDP)-12.8-13.9-1.6: 7.9 - Public Debt (% of GDP… During US occupation of Iraq (2003–2011) Following the removal of Saddam Hussein's administration and the subsequent violence, the three provinces fully under the Kurdistan Regional Government's control were the only three in Iraq to be ranked "secure" by the US government. Iraq is a country in the Middle East bordering the Persian Gulf. This site uses cookies to optimize functionality and give you the best possible experience. The contraction in Q3 was likely also marked. "Iraq: Growth Rate of The Real Gross Domestic Product (Gdp) from 2015 to 2025* (Compared to The Previous Year)." Iraq GDP: 622 billion International Dollars (2019) Gross Domestic Product (PPP in 2011 prices) Real GDP is estimated to have grown by 0.6 percent in 2018, thanks to a notable improvement in security conditions and higher oil prices, reversing the contraction of 1.7 percent seen in 2017. The latest comprehensive information for - Iraq GDP per capita - including latest news, historical data table, charts and more. The economy shrank 11.7% in the second quarter according to recent data, on sharp downturns in both the oil and non-oil sectors. Iran has a strategic location on Shatt al Arab waterway and at the head of the Persian Gulf. Iraq: Gross domestic product (GDP) in current prices from 2005 to 2025 (in billion U.S. dollars) And measure progress the [ … ] iraq - GDP 12.08 % increase from 2017 ages... 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