Iraq ‘s GDP rises for the first quarter of 2019

money and business

Economy News _ Baghdad

Iraq’s gross domestic product (GDP) has risen for the first half of 2019, the Central Statistical Organization said on Tuesday.

The central bank said in a report seen by the economy news, that “GDP at the current basic prices for the first quarter of 2019 amounted to 60613 billion dinars, or $ 51.3 billion dollars.”

He added that “ the GDP for the first half of 2019 rose from the first quarter of 2018 by 8.9% at the current basic prices, while the output of the fourth quarter 2018 decreased by 4%. ” And the construction on the investment budget and in the rates of implementation, which saw a decline due to late approval.

He pointed out that “the activity of the quantity of exported crude oil contributed 44.97% of the gross domestic product at current prices.

He pointed out that “the activity of the general government at current prices ranked second as it contributed by 16.52% and the activity of transport, communications and storage ranked third with a contribution of 10.49%.


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