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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.
Faisal Al Haimus, CEO of Trade Bank of Iraq, talks about his country’s prospects for economic growth—and potential to leap ahead with new technology—as it emerges from hard years.
USD 51.1 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
USD 173.6 billion (2017, estimate)
Intl$ 612.3 billion (2017, estimate)
| 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
| 1980 | 1990 | 2000 | 2010 | 2017* |
| N/A | N/A | N/A | 0.43% | 0.5% |
*Estimate
(2016 estimate)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 1.9% | 2.2% | 1.4% | 2.0% | 2.0% |
*Estimate
| 2013 | 2014 | 2015 | 2016 | 2017 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 31.2% | 33.5% | 61.4% | 75.8% | 73.4% |
*Estimate
| 2013 | 2014 | 2015* | 2016* | 2017* |
| -5.8% | -5.6% | -13.7% | -14.1% | -5.1% |
*Estimate
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
-3.6% (2017 estimate)
34.8% (2015)
0.3% (2015)
0.1% (2015)
Crude oil 99%, crude materials excluding fuels, food, live animals
China 22.6%, India 21.1%, South Korea 11.2%, US 7.8%, Italy 6.7%, Greece 6% (2015)
Turkey 20.7%, Syria 19.6%, China 19.2%, US 4.8%, Russia 4.4% (2015)
| 2013 | 2014 | 2015 |
| USD 5,131 million | USD 4,782 million | USD 3,469 million |
| 2013 | 2014 | 2015 |
| USD 227 million | USD 242 million | USD 153 million |
| 2012 | 2013 | 2014 | 2015 |
| USD -14.0 million | USD 7.6 million | N/A | N/A |
N/A
N/A
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
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
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.)
| 1990 | 2000 | 2010 | 2016* | 2021* |
| N/A | N/A | 30.962 million | 36.067 million | 40.959 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 43% | 66% | 69% | 70% |
Total population: 79.7%
Male: 85.7%
Female: 73.7% (2015 est.)
(age 15 and over can read and write)
0.1% (2013)
Political Rights: 5
Civil Liberties: 6 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 5.58% Mobile 93.83% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)