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The recovery of the financial sector and the rise in unemployment rates.. Learn about the indicators of the Iraqi economy during 10 years
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Economy News-Baghdad
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Added 08/22/22 - 11:24 AM
Update 08/22/22 - 12:57 PM
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Economy News-Baghdad
Economic indicators showed the recovery of the banking and financial sector in Iraq during the past ten years, in contrast to the high rates of unemployment and government expenditures.
Indicators in a report of the Central Bank of Iraq seen by "Economy News" showed that the unemployment rate rose to 16.5% in 2021, compared to 11.9% in 2012, and the foreign reserve also decreased from 69.6 billion dollars in 2012 to 63.8 billion dollars in 2021.
The indicators showed that the total deposits with commercial banks rose from 62 trillion dinars in 2012 to 96 trillion dinars in 2021, offset by the increase in the total capital of banks from 5.9 trillion dinars in 2012 to 17.7 trillion dinars in 2021.
The number of banks in Iraq increased to 73 banks, compared to 54 banks in 2012, in contrast, the total public revenues decreased to 109 trillion dinars, compared to 119 trillion dinars in 2012.
The indicators show that total expenditures rose from 90 trillion dinars in 2012 to 102 trillion dinars in 2021, while the total public debt rose from 6.5 trillion dinars in 2012 to 69.9 in 2021.
As for imports, they also decreased from 50 billion dollars in 2012 to 34 billion dollars in 2021, as well as exports decreased from 94 billion dollars in 2012 to 73 billion dollars in 2021.
Views 90
Added 08/22/22 - 11:24 AM
Update 08/22/22 - 12:57 PM
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