Investor Presentaiton
Iraqi Economy Highlights
Real GDP Growth Rate
7.7%
7.0%
0.6%
4.2%
Inflation Rate
6.5%
6.4%
6.0%
Foreign Currency Reserves (USD Bn)
64.2
54.4
100.1
102.6
2020
2021
2022
Proj. 2023
2020
2021
2022
Feb, 2023
2020
2021
2022
Feb, 2023
-15.7%
The Government's revenues
are
dominated by oil exports; thus, Iraq's
economy for the short term will continue
to be affected by oil prices.
Source: International Monetary Fund (IMF) and the Central Bank of Iraq.
Inflation remained elevated during 2022
fueled by rising energy prices, demand
pressures and high global commodity
prices due to supply side disruptions.
According to the IMF the rate is
expected to hit 6.6% in 2023.
Record oil exports in conjunction with high
oil prices have brought in record oil
revenues for the Iraqi government and
pushed international reserves to their
highest levels in more than two decades.
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