The International Monetary Fund (IMF) has projected that Iraq will rank as the fourth-largest economy in the Arab world by 2030. The forecast highlights Iraq’s steady growth, driven by strong energy revenues and ongoing reconstruction efforts.
According to the IMF report released, Saudi Arabia will remain the region’s economic leader with a projected gross domestic product (GDP) of $1.6 trillion by 2030. The United Arab Emirates follows with an estimated $764.8 billion, while Egypt ranks third at $589.8 billion.
Iraq takes the fourth position, with a projected GDP of $345.9 billion. The IMF attributes Iraq’s sustained position to its oil and energy sectors, combined with infrastructure development and economic recovery programs.
Algeria ranks fifth with a projected GDP of $309 billion, followed by Qatar at $296.8 billion, Morocco at $241.9 billion, and Kuwait at $190.1 billion. Oman holds ninth place with $133.3 billion, while Jordan rounds out the top ten with $73.6 billion.
The report notes that Arab economies are showing diverse growth paths fueled by reforms, foreign investment, and new development strategies. It highlights how many regional economies are expanding beyond oil, investing in renewable energy, tourism, and technology to ensure long-term stability.
The IMF also emphasized Iraq’s potential to strengthen its fiscal position through energy diversification and better management of oil revenues. Iraq’s growing focus on gas production, power generation, and reconstruction projects could further enhance its economic resilience.
The IMF said in its June report that Iraq will record the fourth-highest growth rate among Arab oil producers in 2025, underscoring the country’s continued progress despite regional challenges.
The latest IMF forecast reinforces Iraq’s role as a rising economic power in the Arab world and a key player in the region’s energy-driven transformation.