Iraq GDP YoYIraq GDP YoYIraq GDP YoY

Iraq GDP YoY

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Key data points


Last release
Observation period
2024
Next release
Forecast
Highest
54.16% on Dec 31, 2004
Lowest
−56.40% on Dec 31, 1991

About Iraq GDP YoY


Category
GDP
Frequency
Annual
Units
%
In Iraq, oil extraction is the most important sector of the economy and accounts for 55 percent of GDP. The services sector constitutes 33 percent of the output. Within services the largest segments are: community, social and personal services (13 percent of GDP); finance, insurance and real estate services (9 percent) and wholesale and retail trade and restaurants and hotels (7 percent). Manufacturing, construction and water and electricity production and distribution account for 8 percent of the wealth and agriculture, forestry, hunting and fishing for the remaining 4 percent.

Iraq in figures — see more economic indicators tied to IQGDPYY.