Economic Growth in Iraq
Iraq recorded an average real GDP growth rate of 2.9% in the decade to 2022, above the 2.0% average for the Middle East & North Africa region. In 2022, real GDP growth was 7.0%. For more GDP information, visit our dedicated page.
Iraq GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Iraq from 2023 to 2019.
Source: Macrobond.
Iraq GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 5.5 | -12.0 | 1.6 | 7.6 | -2.9 |
| GDP (USD bn) | 232 | 180 | 206 | 285 | 243 |
| GDP (IQD bn) | 276,158 | 215,662 | 301,153 | 415,628 | 330,046 |
| Economic Growth (Nominal GDP, ann. var. %) | 2.7 | -21.9 | 39.6 | 38.0 | -20.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Iraqi GDP projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Iraqi GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Iraqi GDP projections.
Want to get access to the full dataset of Iraqi GDP forecasts? Send an email to info@focus-economics.com.