Iraq's GDP reached -4.372% in 2020

Shafaq News / The Global Finance magazine revealed on Monday that the growth rate of the GDP in Iraq for the year 2020 is -4.372%, while it reached 3.914% in 2019.

According to the statistics, the highest increase in the rate of growth of the gross domestic product in Iraq was 15.199% in 2016, indicating that the rate of change of the growth rate of the GDP in Iraq during ten years, which starts from 2011 to 2020, amounted to 4.345%".

Furthermore, the magazine pointed out that developing Asian and African countries topped the fastest GDP growth in the world, as the average GDP of Guyana, during the ten years, reached 8.951%, followed by Ethiopia with a rate of 8.882%, and then Nairobi at a rate of 8,527. %".

Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period.