Sharp Recovery in Non-Oil GDP Predicted

By John Lee.

The International Monetary Fund (IMF) has predicted average growth of 3.1 percent annually in Iraq's non-oil real GDP until the end of 2022.

This compares to an average fall of 7.2 percent per annum from 2014 to 2016, following the insurgency by the Islamic State group (IS, ISIS, ISIL, Daesh).

It also forecasts a steady fall in government debt as a percentage of GDP, and an improving trade balance, but makes no prediction for the exchange rate of the Iraqi dinar to the US dollar.

The full data table can be viewed here.

(Source: IMF)

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