Source
Central bank

Central Bank of Iraq

International Reserves

USD 54.42 billion (2020)

Gross Domestic Product - GDP

USD 201.47 billion (2021 estimate)

GDP (Purchasing Power Parity)

USD 428.86 billion (2021 estimate)

Real GDP growth
2017 2018 2019 2020* 2021*
-3.4% 4.7% 5.8% -15.7% 3.6%

*Estimate

GDP per capita - current prices

USD 4,892.96 (2021 estimate)

GDP per capita - PPP

USD 10,415.31 (2021 estimate)

GDP (PPP) - share of world total

USD 0.30% (2021 estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 6.1% 
  • industry: 44.4% 
  • services: 50.8%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2017 2018 2019 2020* 2021*
0.2% 0.4% -0.2% 0.6% .64%

*Estimate

Unemployment rate
N/A
Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2017 2018 2019 2020* 2021*
59.1% 47.8% 45.1% 84.2% 59.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2017 2018 2019 2020* 2021*
-0.5% 9.1% 1.8% -11.52% -0.5%

*Estimate

Government bond ratings

Standard & Poor's: B–

Moody's: Caa1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
N/A
Largest companies

N/A

 
 
Source
Current account balance

USD 12.4 billion (2021 estimate)

Current account balance by percentage of GDP

6.2% (2021 estimate)

Exports as percent of GDP (Exports of goods and services)

37.8% (2019)

Shares in world total merchandising export

0.24% (2020)

Shares in world total commercial services export

0.07% (2020)

Total exports

USD 50.6 billion (2020 estimate)

Export commodities

Crude petroleum, refined petroleum, gold, dates, petroleum coke (2019)

Total imports

USD 54.7 billion (2020 estimate)

 
 
Source
Import commodities

Refined petroleum, broadcasting equipment, cars, jewelry, cigarettes (2019)

Exports - major partners

China 26%, India 24%, South Korea 9%, United States 8%, Italy 6%, Greece 6% (2019)

Imports - major partners

United Arab Emirates 28%, Turkey 21%, China 19% (2019)

FDI inflows
2018 2019 2020
USD -4,885 million USD -3,076million USD -2,896 million
FDI outflows
2018 2019 2020
USD 188 million USD 194 million USD 149 million
Value of cross-border M&A, by country of purchaser
N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 172 out of 190 countries (2020)

Subcategories:

Starting a Business: 154 out of 190 countries

Dealing with Construction Permits: 103 out of 190 countries

Getting Electricity: 131 out of 190 countries

Registering Property: 121 out of 190 countries

Getting Credit: 186 out of 190 countries

Protecting Minority Investors: 111 out of 190 countries

Paying Taxes: 131 out of 190 countries

Trading across Borders: 181 out of 190 countries

Enforcing Contracts: 147 out of 190 countries

Resolving Insolvency: 168 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

N/A 

 
 
Source
Time zone

UTC+3

Total area

438,317 sq km

Capital

Baghdad

Currency

Iraqi dinars (IQD)

Government type

Federal parliamentary republic

Languages

Arabic (official), Kurdish (official), Turkmen (a Turkish dialect), Syriac (Neo-Aramaic), and Armenian are official in areas where native speakers of these languages constitute a majority of the population

Religions

Muslim (official) 95-98% (Shia 61-64%, Sunni 29-34%), Christian 1% (includes Catholic, Orthodox, Protestant, Assyrian Church of the East), other 1-4% (2015 est.)

Total population
1990 2000 2010 2015* 2020*
N/A N/A 30.962 million 36.067 million 40.959 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
43% 66% 69% 70%
Population median age

19.9 years (2016 estimate)

Population growth rate

2.87% (2016 estimate)

Life expectancy

74.9 years (2016 estimate)

Literacy

Total population: 79.7%
Male: 85.7%
Female: 73.7%  (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

0.1% (2013) 

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 5
Civil Liberties: 6 (2017)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 5.58%   Mobile 93.83% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

17.22% (2015)

Mercer Cost of living index

N/A

CO2 emissions

4.9 (2013)

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