The World Bank: Iraq’s GDP will grow by 1.9% in 2021


money and business

Economy News _ Baghdad

 The World Bank expected, on Monday, that Iraq’s GDP growth will be 1.9% for 2021.

The bank said in a report seen by “Al-Eqtisad News”, that “it is expected that the gross domestic product of Iraq will grow in 2021 by 1.9%,” indicating that “the GDP of Iraq decreased in 2020 by -9.7%.”

He added, “The country of Djibouti is expected to record the highest GDP growth for 2021 among the countries of the Middle East and North Africa, at a rate of 9.2%, while Lebanon expects the lowest GDP growth for the same year, at a decrease of -6.3%.”

He pointed out that “the gross domestic product of oil-producing countries in the Middle East and North Africa, which includes Iraq, Algeria, Kuwait, the UAE, Saudi Arabia, Qatar, Iran, Oman and Bahrain, is expected to increase during 2021 by 2.1% after it recorded -5% in 2020.”

It indicated that “the GDP of the oil importing countries in the Middle East and North Africa, which includes Tunisia, Jordan, Lebanon, Morocco, Egypt and Palestine, is expected to increase in 2021 by 3.2% after recording a decrease of -0.8% in 2020.”

https://economy-news.net/content.php?id=24171

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