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Expectations of higher economic growth in Iraq to 12% during the current year
On: Wednesday 16/5/2012 7:49
Baghdad / range
forecast of the Organization of Arab Investment Guarantee Corporation and Export Credit to achieve the economy of Iraq during the 2012 growth rate exceeding 12%, is the first Arab, while likely to exceed the average annual income for the Iraqi people the $ 3000.
the organization said, according to the Sumerian News, said the economic growth rate expected of Iraq in 2012 would be about 12.6%, the first indicating that an Arab from Qatar is expected to come in second place by growth of around 6%.
The organization added that Iraq has achieved a growth rate during 2011 amounted to about 9.6%, noting that "the average annual income for the Iraqi people in 2012 would be about 3306 dollars."
and suggested the organization to "fix Mauritania third growth rate of 5.70%, and Djibouti, a fourth, a growth of 5.10%, while occupy Morocco, Kuwait fifth place by 4.6%. "
She drew the organization that "Egypt and Syria Stsjlan growth at least the Arab world increased by 1.8% and 1.5% respectively," while predicted that "the record Sudan negative growth of 0.4%, a decline of the growth of Yemen by 0.5%. "
The Arab Institution for Investment Guarantee and Export Credit, which was established in 1974 under the agreements signed between some Arab countries of the Arab institutions competent regional economic sphere, and its membership includes all Arab countries except the Republic of Comoros, and take the institution of the Kuwait-based always have, and has a regional office in Riyadh, Saudi Arabia.
The Ministry of Planning announced in March 2012, that the rate of growth in Iraq amounted in 2011 to 8.5% versus 5.8% in 2010.
noteworthy that Iraq was launched in May of 2010 Development Plan national five-year 2010-2014, during a ceremony organized by the Ministry of Planning and Development Cooperation under the banner of Iraqi economy towards a diverse and sustainable. The plan aims to reduce disparities and barriers between urban and rural areas, and the establishment of infrastructure and providing social services and jobs, and increase GDP by 9.38 percent average annual growth during the period of the plan while working to diversify the economy, which currently relies on oil imports.
noting not to exceed the growth rates in eighties of the last century 1% per year at best for a population growth of nearly 3%, due to weak growth in that period and the allocation of resources of the country and foreign loans to support the war effort.
They said that the growth rate of about 5% annually, which is less than planned for the phase 2010-2014 The target attainment rate was 9.4% per year.
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