logo

ECON FACTBOOK

Home    About

Economy of Iraq

Population: 33 million in 20131

GDP: $223 billion in 20132

GDP per capita: $6,862 nominal3 ($15,188 PPP4) in 2013

GDP growth rate: 4.2% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Mining and utilities8456.0%
Other activities3321.7%
Wholesale, retail trade, restaurants and hotels106.6%
Transport, storage and communication74.9%
Construction74.9%
Agriculture, hunting, forestry, fishing64.2%
Manufacturing31.8%
Total value added151100%

Employment

Unemployment rate: 16.0% in 20137

Employment by Industry 20088

Employment sectorPercent of total
Services60%
Agriculture21%
Industry19%
Total Employment100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: .295 in 201210

Government

Central Government

Central Government Revenue: $100 billion (45% of GDP) in 201311

Central Government Expenditure: $97 billion (44% of GDP) in 201311

Central Government Budget Balance: +$3 billion (+1% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 15% in 201412

Monetary Policy

Money Supply (M0): N/A

Benchmark Interest Rate: CBI policy rate = 6% in Jan 201513

Total Reserves: $78 billion (35% of GDP) in 201314

Exchange Rate: 1,129 Iraqi Dinars = 1 U.S. Dollar on Jan 27, 201515

Inflation: 1.9% in 201316

Financial Institutions

Top 10 Financial Institutions by Assets 201317

N/A (data not available at Relbanks.com)

International Accounts

Exports: $92 billion (41% of GDP) in 201318

Imports: $94 billion (42% of GDP) in 201318

Trade Balance: -$2 billion (-1% of GDP) in 201318

Foreign Direct Investment Inflow: $2.8 billion (1% of GDP) in 201319

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $1.3 billion (0.6% of GDP)20

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: World Bank Indicators (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Tax Foundation (Corporate tax rate) Go back
13. Source: Central Bank of Iraq (Benchmark interest rate) Go back
14. Source: World Bank Indicators (Total reserves) Go back
15. Source: Yahoo Finance (Exchange rate) Go back
16. Source: World Bank Indicators (Inflation rate) Go back
17. Source: Relbanks.com (Financial institutions by assets) Go back
18. Source: CIA World Factbook (Trade data) Go back
19. Source: World Bank Indicators (FDI data) Go back
20. Source: Global Humanitarian Assistance (Aid data) Go back