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Iraq ‘s GDP rises for the first quarter of 2019

 

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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