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Central Bank: Real GDP for the first quarter of 2017 increased by 2.9%

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rocky
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Central Bank: Real GDP for the first quarter of 2017 increased by 2.9%

Post by rocky on Sun 05 Nov 2017, 2:32 am

Central Bank: Real GDP for the first quarter of 2017 increased by 2.9%

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Economy News _ Baghdad
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, which showed "the real GDP for the first quarter of 2017," adding that "the increase was mainly to 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 rise 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 due 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.


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