The International Monetary Fund (IMF), in its latest World Economic Outlook, makes the following forecasts for Iraq: The report sees strong growth continuing, with a figure of 8.8% projected for 2017.
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Double-Digit Growth Forecast for Iraq
While much of the developed world struggles to drag itself out of recession, Iraq managed to register real GDP growth of 9.9% last year, according to IMF estimates. Their projection for this year is 11.1 percent, followed by 13.5 percent next year, giving compounded growth over the three years of nearly 40%. Iraq may have […]
New Iraq GDP Growth Forecast from Central Bank
Iraq's gross domestic product (GDP) is expected to grow by an average of at least 9.4 percent annually between 2012 and 2016, the deputy governor of the central bank, Mudher Kasim, told Reuters on Sunday. "We expect Iraq's GDP in 2015 to jump to $360 billion from $170 billion currently ... The reason will come […]
Iraq to Grow 36% in Three Years
The World Bank says it expects Iraq's gross domestic product (GDP) to grow by 12.6 percent in 2012, and 10.2 percent in 2013, following a growth of 9.6 percent last year. If achieved, this would give a compound growth of 36 percent in just three years. This follows a downward revision of growth expectations for […]
Stable Currency Key to Iraq's Success
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), said he expects Iraq's rate of economic growth to increase in the coming years, partly as a result fo the country's "generous benefits, guarantees and exemptions". He said that the country has averaged […]
Agricultural Working Group: Strategies to Reduce Poverty and Unemployment in Iraq
By Layth Mahdi, Agricultural Advisor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi agriculture production and productivity has been on a linear decline since 2003. Despite this, it remains the second-largest contributor to Iraqi GDP after oil revenues. It has the potential […]
Petro Dollars to Boost Agribusiness in Iraq
By Layth Mahdi, Agricultural Advisor. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is predominantly an agricultural country. It has a great diversity of climate, soil types, and natural resources. In the 1950’s, Iraq was self-sufficient in agriculture and the number one exporter […]
Iraq's Per Capita Income to Double by 2015
An economist from the Central Bank of Iraq (CBI) has said that per capita income in the country is projected to more than double within the next four years as a result of a sharp increase in Iraq’s oil output and higher market prices for oil, according to a report from RFE/RL’s Radio Free Iraq […]
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