Imports in Iraq
Iraq - ImportsThe economy contracted in 2018 according to recent preliminary data from the statistical institute, on the back of a decline in the oil sector and stagnation in the non-oil sector. Looking to the first quarter of this year, Iraq’s oil production was elevated in January and February despite the introduction of OPEC-mandated production cuts. This, together with greater fiscal support as outlined in the 2019 budget, should have supported the economy. On the political front, in the autonomous region of Kurdistan the KDP and PUK parties reached a four-year political agreement in early March. That said, the two parties have yet to reach a deal to form a new government following last September’s election, with the region remaining politically hamstrung as a result.
Iraq - Imports Data
|Imports (USD billion)||60.1||54.4||48.0||34.3||38.8|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1,193||0.0 %||Apr 22|
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