IMF expects Iraq’s economy:
Baghdad (IraqiNews.com) – The International Monetary Fund (IMF) projected on Tuesday that Iraq will have the fourth-largest economy among Arab countries by 2030.
According to a report released by the IMF, Saudi Arabia is expected to have the largest Arab economy, with a GDP of $1.6 trillion, followed by the United Arab Emirates at $764.8 billion and Egypt at $589.8 billion, Shafaq News reported.
Iraq is predicted to have a GDP of $345.9 billion, retaining its lead among Arab economies mainly because of the energy and oil sectors, as well as reconstruction and development initiatives.
Algeria comes in fifth place with a total GDP of $309 billion, followed by Qatar at $296.8 billion, Morocco at $241.9 billion, and Kuwait at $190.1 billion.
Arab economies are growing at varied rates, owing to economic reforms, increased investments in renewable energy, tourism, and technology, as well as efforts to diversify sources of revenue away from oil.
In mid-October, the IMF anticipated that Iraq’s economy will grow by 3.6 percent in 2026, owing to improving regional economic performance and increased investment and output levels.
