The International Monetary Fund expects stable and accelerating growth in the Iraqi economy until 2030.
The Iraqi economy is poised for a more stable growth trajectory in the coming years, following a slight contraction of 0.2% in 2024, according to data from the International Monetary Fund.
According to the “Al-Sharq” website, the fund predicted that the country’s economy would return to growth in 2025 at a rate of 0.5%.
The IMF estimates show a marked acceleration in the pace of growth starting from 2026 to 3.6%, the same rate expected for 2027, before rising to 3.9% in 2028, and then 4.1% for both 2029 and 2030.
The International Monetary Fund predicted last October that Iraq would rank fourth among the largest economies in the Arab world by 2030.
According to the report, Saudi Arabia tops the list as the largest Arab economy with a GDP of $1.6 trillion, followed by the United Arab Emirates in second place with about $764.8 billion, and then Egypt in third place with $589.8 billion.
Iraq comes in fourth place, with an expected GDP of $345.9 billion, continuing its advanced position among Arab economies supported by the energy and oil sector and reconstruction and development projects, ahead of Algeria, which came in fifth with a total of $309 billion, followed by Qatar in sixth place with $296.8 billion, Morocco in seventh place with $241.9 billion, and then Kuwait in eighth place with $190.1 billion.
The last places on the list were occupied by the Sultanate of Oman with a total of $133.3 billion, followed by Jordan in tenth place with $73.6 billion.
The report indicated that Arab economies are experiencing varying paths of growth, driven by economic reforms, expanding investments in renewable energy, tourism, and technology, along with efforts to diversify away from dependence on oil as a primary source of revenue.
Shafaq.com