Iraq's New Prime Minister Under Scrutiny
The new prime minister’s resolve to tackle runaway government salaries faces an early test.
Iraq GDP and Economic Data
Country Report - Includes Iraq real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Iraq economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Iraq best banks and safest banks are also available.
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International Reserves
USD 51.1 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 173.6 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 612.3 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 5.6% | 1.9% | 8.2% | 3.4% | 6.4% | 7.6% | 13.9% |
| 2013 | 2014 | 2015* | 2016* | 2017* | ||
| 7.6% | -0.5% | -2.4% | 10.3% | 0.5% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| N/A | N/A | N/A | 0.43% | 0.5% |
*Estimate
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GDP - composition by sector
- agriculture: 5.7%
- industry: 45.1%
- services: 49.3%
(2016 estimate)
Inflation
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 1.9% | 2.2% | 1.4% | 2.0% | 2.0% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016 | 2017 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 31.2% | 33.5% | 61.4% | 75.8% | 73.4% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| -5.8% | -5.6% | -13.7% | -14.1% | -5.1% |
*Estimate
Government bond ratings
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-3.6% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
34.8% (2015)
Shares in world total merchandising export
0.3% (2015)
Shares in world total commercial services export
0.1% (2015)
Export commodities
Crude oil 99%, crude materials excluding fuels, food, live animals
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Exports - major partners
China 22.6%, India 21.1%, South Korea 11.2%, US 7.8%, Italy 6.7%, Greece 6% (2015)
Imports - major partners
Turkey 20.7%, Syria 19.6%, China 19.2%, US 4.8%, Russia 4.4% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 5,131 million | USD 4,782 million | USD 3,469 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 227 million | USD 242 million | USD 153 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD -14.0 million | USD 7.6 million | N/A | 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: 165 out of 190 countries (2017)
Subcategories:
Starting a business: 164 out of 190 countries
Enforcing Contracts: 138 out of 190 countries
Registering Property: 115 out of 190 countries
Getting Credit: 181 out of 190 countries
Protecting Minority Investors: 123 out of 190 countries
Trading Across Borders: 179 out of 190 countries
Paying Taxes: 52 out of 190 countries
Dealing with Construction Permits: 104 out of 190 countries
Getting Electricity: 133 out of 190 countries
Resolving Insolvency: 169 out of 190 countries
Source
Source
Languages
Arabic (official), Kurdish (official), Turkmen (a Turkish dialect) and Assyrian (Neo-Aramaic) are official in areas where they constitute a majority of the population), Armenian
Religions
Muslim (official) 99% (Shia 60%-65%, Sunni 32%-37%), Christian 0.8%, Hindu <0.1, Buddhist <0.1, Jewish <0.1, folk religion <0.1, unafilliated 0.1, other <0.1 (2010 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| N/A | N/A | 30.962 million | 36.067 million | 40.959 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 43% | 66% | 69% | 70% |
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)
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)