High external debt of Iraq, to ​​19.4% of GDP end of the year



Mon, February 1, 2016 12:58

Baghdad / follow Baghdadi News / ... According to a report prepared by Bank of America Merlnc, on Monday, it is expected to continue external debt of Iraq a height of up to 19.4% of GDP by the end of this year. As well as the bank predicted that up to 21.9% by the end of 2017.

The report said, "The ratio of external debt to Iraq's GDP rose from 14.6% at the end of 2014 to 16.3% at the end of last year."

He predicted Merlnc report, that "the government debt ratio up to the Iraqi GDP to 45.8% by the end of 2016, and continue to rise to 50.8% by the end of 2017".

The Iraqi government debt ratio to GDP has increased from 21.1% at the end of 2014 to 35.9% at the end of last year.

As expected the bank, that "the fall of nominal GDP for Iraq to 165.7 billion dollars by the end of this year, compared with $ 169.8 billion at the end of 2015, and rise again to $ 174.5 billion by the end of 2017".

The nominal GDP of Iraq has declined from 232.5 billion at the end of 2013 to 221.1 billion dollars by the end of 2014.anthy 21 / N

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