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Iraq Real GDPIraq Real GDPIraq Real GDP

Iraq Real GDP

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IQGDPCP chart



Key data points


Last release
—
Observation period
Q4 2024
Next release
—
Forecast
—
Highest
‪107.98 T‬ IQD on Jun 30, 2022
Lowest
‪1.11 T‬ IQD on Sep 30, 2001

About Iraq Real GDP


Category
GDP
Source
Central Statistical Organization (COSIT)
Frequency
Quarterly
Units
IQD

Iraq in figures — see more economic indicators tied to IQGDPCP.
GDP
IQGDP
Real GDP
IQGDPCP
GDP Per Capita
IQGDPPC
GDP Per Capita PPP
IQGDPPCP
GDP Growth
IQGDPYY
Gross National Product
IQGNP

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Iraq Real GDP was 96.34 T IQD, and the quarter before it reached 90.55 T IQD.