High external debt to Iraq to 19.4% of GDP end of the year
High external debt to Iraq to 19.4% of GDP end of the year
Mon, February 1, 2016 12:58
Baghdad / follow-up Baghdadiya News / … According to a report prepared by Bank of America Merlnc, on Monday, he is expected to continue for Iraq’s external debt to a height of up to 19.4% of GDP by the end of this year. The bank also predicted that up to 21.9% by the end of 2017.
The report said, “The ratio of external debt to Iraq’s gross domestic product rose from 14.6% at the end of 2014 to 16.3% at the end of last year.”
He predicted Merlnc report, that “the government debt ratio up to the Iraqi GDP to 45.8% by the end of 2016, and continue to rise to 50.8% by the end of 2017″.
The Iraqi government debt ratio to GDP has increased from 21.1% at the end of 2014 to 35.9% at the end of last year.
The bank predicted that “the fall of nominal GDP for Iraq to 165.7 billion dollars by the end of this year, compared with $ 169.8 billion at the end of 2015, and rise again to $ 174.5 billion by the end of 2017″.
The nominal GDP of Iraq has declined from 232.5 billion by the end of 2013 to 221.1 billion dollars by the end of 2014.anthy 21 / N
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