The World Bank Expects Iraq's GDP To Grow In 2024

Baghdad / NINA / - The World Bank report for the current month of April expected that Iraq would achieve the second rank in the Arab world with the largest growth of gross domestic product, during the year 2024.

The World Bank stated in a report, that "Iraq's gross domestic product is expected to grow during the current year 2023 by 2.8%, after it achieved a growth during the year 2022 of 7.9%."

It added, "It is hoped that Iraq will achieve a growth in the domestic product in 2024 by 4.4%, to rank second after Djibouti, in which the growth will reach 5.4%," noting that "the growth of the GDP for Qatar for the same year will be 2.9%, the UAE 3.4%, and Saudi Arabia 3.3%, While growth will reach 4% for Egypt, 2.4% for Jordan and 3% for Tunisia.

The World Bank report indicated that it is expected that "the growth of per capita GDP in Iraq will also increase during the year 2024, by 2%, after it was 0.4% in 2023."

It explained that "the highest growth in per capita gross domestic product in the Arab countries for the year 2024 will be for Djibouti at a rate of 4.2%, followed by the UAE at a rate of 3.4%."

According to the report, the World Bank’s experts suggested that “the growth of the Middle East and North Africa region in 2023 will increase by 3%, or 3.1% in 2024, and it is expected that the growth rate in per capita GDP in the region will increase in 2023 to 1.6% and by 1.7% in 2024.”/ End