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The Iraqi economy 2013-2018: great challenges, ursurpassed opportunities
The Iraqi economy saw one of the fastest growth rates globally in 2012. It grew by 10.5% to just over USD 100 billion and is set to grow by more than 11% in 2013. Beyond that, Iraq is expected to continue to record growth averaging 9% in the years to 2017[1]. The Government’s fiscal surplus will likely average some 4% of GDP, in spite of heavy spending in public capital projects and the oil and gas infrastructure. Some 30% of the budget is set aside for investment in, i.a., infrastructure and electricity generation.
The Kurdish Regional Government or KRG, covering the northern governorates of Duhok, Erbil and Sulaimaniya, by law receives 17% of the budget. KRG enjoys a large amount of autonomy in its use, that is regulated by its own budget.
The World Bank Investment Climate Assessment 2012 (link:R Iraq ICA 2012_EN.pdf ) provides an analysis of opportunities and challenges for foreign companies in Iraq.
The National Investment Commission is an important channel through which the government attracts products and services for its domestic investment programme.
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The Iraqi economy saw one of the fastest growth rates globally in 2012. It grew by 10.5% to just over USD 100 billion and is set to grow by more than 11% in 2013. Beyond that, Iraq is expected to continue to record growth averaging 9% in the years to 2017[1]. The Government’s fiscal surplus will likely average some 4% of GDP, in spite of heavy spending in public capital projects and the oil and gas infrastructure. Some 30% of the budget is set aside for investment in, i.a., infrastructure and electricity generation.
The Kurdish Regional Government or KRG, covering the northern governorates of Duhok, Erbil and Sulaimaniya, by law receives 17% of the budget. KRG enjoys a large amount of autonomy in its use, that is regulated by its own budget.
The World Bank Investment Climate Assessment 2012 (link:R Iraq ICA 2012_EN.pdf ) provides an analysis of opportunities and challenges for foreign companies in Iraq.
The National Investment Commission is an important channel through which the government attracts products and services for its domestic investment programme.
[You must be registered and logged in to see this link.]
