The Impact of Oil Price Fluctuations on GDP within the Framework of Sustainable Development:The Case of Iraq for the Period (2004-2023)

Kamel Abdulhussein, Hawraa; Khalaf Awad, Musa

doi:10.33916/qjae.2026.0196105

	The Impact of Oil Price Fluctuations on GDP within the Framework of Sustainable Development:The Case of Iraq for the Period (2004-2023)
AL-Qadisiyah Journal For Administrative and Economic sciences
Volume 28, Issue 1, April 2026, Pages 96-105 PDF (494.89 K)
Document Type: Research Paper
DOI: 10.33916/qjae.2026.0196105
Authors
Hawraa Kamel Abdulhussein; Musa Khalaf Awad
University of Qadisiyah
Abstract
This research objectives to investigate the impact of oil fee fluctuations on Iraq's GDP within the framework of sustainable improvement during the period 2004–2023, given the rentier nature of the Iraqi financial system and its heavy reliance on oil sales. The take a look at is primarily based on the basis that oil fee volatility is a vital aspect in figuring out the trajectory of GDP, at once impacting monetary stability and the capacity for reaching sustainable development. The research employs a descriptive-analytical technique the usage of qualitative records evaluation. The findings indicate that the non-stop fluctuation in oil expenses has caused full-size volatility in GDP, contributing to weakened economic sustainability and improved fragility of economic increase in Iraq. The research recommends adopting financial policies aimed toward diversifying profits resources and decreasing dependence on oil, thereby improving the Iraqi financial system's capability to achieve long-time period sustainable improvement.
Keywords
Oil Prices; Gross Domestic Product (GDP); Sustainable Development

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