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FINANCIAL NEWS
Iraq’s real GDP to reach 6.3 percent in 2014
17 Nov 2013
(MENAFN) Iraq’s GDP saw a significant growth since the war on Iraq as a result of oil production expanding to put the per capita GDP at USD6,300 in 2012 compared to USD1,790 in 2005, according to Arab News.
Economy of Iraq still sees structural weaknesses, such as unimproved business environment, small non-oil sector, and dominant public involvement in its economy.
Economic analysts forecast the country’s economic status to remain strong in the near future, while real GDP is expected to reach 6.3 percent over the following year.
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