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Non-oil GDP growth in 2024 will raise national investment in 2025 - Al-Sudani Advisor
1/15/2025
Mazhar Saleh, the Prime Minister's Advisor for Financial Affairs, confirmed today, Wednesday, that the growth in the non-oil GDP, which reached 6% in 2024, will positively reflect on the strength of national investment in 2025.
Saleh said, in a statement to the official agency, followed by the 964 network , that “there is a principle in economics called the economic accelerator, which means that the growth in the non-oil GDP, which reached 6% in 2024, will be positively reflected in the strength of national investment in 2025.”
He added, "The Iraqi economy will witness a high investment boom in 2025 thanks to the economic accelerator factor in the investment field, in addition to the high positive growth effects of national income in 2024."
He pointed out that “businesses and investors are influenced by the results of the basic idea behind the economic accelerator, which indicates that any increase in demand for goods and services as a result of national income growth in 2024 could lead to increased investment in capital such as machinery, equipment and labor in 2025.”
He added, “Businesses and companies need to expand their production capacity to meet the growing demand for goods and services, which will lead to a positive accumulation in the national economy’s production capacity in 2025, and this is what can be expected, especially if this is accompanied by a good agricultural season and a wet year in the coming months.”
He added, "Iraq's economic path is moving in the right development direction for the coming years in a remarkable and positive way, thanks to the cooperation of the private and public sectors together."