Iraq Home

Saida, Lebanon - Diego Fiore | Shutterstock.com

The World Bank In Iraq

Growth in 2016 is expected to rebound to 11.0 percent, sustained by a further increase in oil production, but non-oil GDP is expected to further contract by 8.1 percent. Inflation rate is expected to remain low at 0.4 percent in 2016, with the government subsidizing electricity, food and fuel.

Iraq

Iraq Consultations

The World Bank is interested in hearing your opinion on its strategy for engagement in Iraq. Share your views.

PRESS RELEASE

Consulting stakeholders

The World Bank Group concluded a series of consultations with various stakeholders around its forthcoming strategy (2018-2022).

Aerial photo of the city of Baghdad, Iraq - Shutterstock l rasoulali

Iraq At-A-Glance

The Iraqi economy is facing severe challenges. The decline in oil prices in 2015 and 2016 and the ISIS insurgency have contributed to a sharp deterioration of economic activity and has rapidly increased the fiscal and current account deficits. Macroeconomic risks remain elevated due to Iraq’s exposure to a volatile oil market. But the medium-term outlook seems more favorable. The double shock h...

Overview