Central Bank: Real GDP for the first quarter of 2017 increased by 2.9%
Central Bank: Real GDP for the first quarter of 2017 increased by 2.9%
2017-11-05 at 11:43 (Baghdad time)
Baghdad – Mawazine News
The central bank announced on Sunday that real GDP for the first quarter of 2017 rose by 2.9 percent, pointing to a rise in gross domestic product as well.
“The real GDP for the first quarter of 2017 rose by 2.9 percent to 48.1 trillion dinars against 46.8 trillion dinars for the first quarter of 2016,” the bank said in a report read by Mawazine News. “The increase was mainly due to an increase Crude oil production by 2.1% compared to 2016 “.
The report added that “the gross domestic product recorded at current prices during the first quarter of 2017, a remarkable increase of 23.5% compared to the same chapter of 2016 to record 53.6 trillion dinars compared to 43.4 trillion dinars for the first semester of 2016,” noting that “this is back To the rise in the rate of the price of a barrel of crude oil as it recorded 48.3 dollars per barrel compared to 24.9 dollars a barrel for the same chapter of 2016. ”
mawazin.net
