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The World Bank: Iraq's GDP will grow by 1.9% in 2021
Economy News _ Baghdad
The World Bank expected, on Monday, that Iraq's gross domestic product will grow by 1.9% for 2021.
The bank said in a report seen by the "Economy News", that "it is expected that the gross domestic product of Iraq will grow in 2021 by 1.9%," indicating that "the gross domestic product of Iraq decreased in 2020 by -9.7%."
He added, "Djibouti is expected to record the highest GDP growth for 2021 among the countries of the Middle East and North Africa, at a rate of 9.2%, while Lebanon's GDP is expected to record the lowest growth for the same year, at a decrease of -6.3%."
He pointed out that "the GDP of the oil-producing countries in the Middle East and North Africa, which includes Iraq, Algeria, Kuwait, the UAE, Saudi Arabia, Qatar, Iran, Oman and Bahrain, is expected to increase during 2021 by 2.1% after it recorded -5% in 2020."
It indicated that "the GDP of the oil importing countries in the Middle East and North Africa, which includes Tunisia, Jordan, Lebanon, Morocco, Egypt and Palestine, is expected to increase in 2021 by 3.2% after recording a decrease of -0.8% in 2020."
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