Economy of Iraq. Statistics, Data and Indicators
Iraq
| 25B- | Credit rank #100 |
| N/A | Quality of life # |
| 162 | Corruption rank#153 |
| 172 | Ease of doing business#150 |
Iraq Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 234 USD Billion | 2019 |
| GDP Annual Growth Rate | 4.4 % | 2019 |
| GDP per capita | 5591 USD | 2019 |
| Inflation Rate YoY | 0.7 % | May/20 |
| Interest Rate | 4 % | Aug/20 |
| Unemployment Rate | 7.9 % | 2019 |
| Balance of Trade | 41524 USD Million | 41.524 B USD | 2018 |
| Current Account | 13954 USD Million | 13.954 B USD | 2017 |
GDP
234
USD Billion
#53 from 174 countries
GDP per capita
5591
USD
#89 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 234 USD Billion | 2019 |
| GDP Annual Growth Rate | 4.4 % | 2019 |
| GDP per capita | 5591 USD | 2019 |
| Gross National Product | 224153536 IQD Million | 188.66 B USD | 2014 |
| GDP per capita PPP | 10881 USD | 2019 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 48.4 % | 2018 |
| Government Budget Value | 790508 IQD Million | 0.658 USD Billion | Mar/20 |
| Government Revenues | 18168104 IQD Million | 15.113 USD Billion | Mar/20 |
| Fiscal Expenditure | 17377596 IQD Million | 14.455 B USD | Mar/20 |
| Government Budget to GDP | -0.9 % | 2019 |
| Military Expenditure | 6200 USD Million | 6.2 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 104 index points | Jul/20 |
| Food Inflation | -2.8 % | Jan/20 |
| Inflation Rate YoY | 0.7 % | May/20 |
| Core Consumer Prices | 106 Index Points | Jul/20 |
| Core Inflation Rate | 0.5 % | Jul/20 |
| CPI Housing Utilities | 114 Index Points | Jul/20 |
| CPI Transportation | 96.1 Index Points | Jul/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -1.2 % | 2019 |
| Balance of Trade | 41524 USD Million | 41.524 USD Billion | 2018 |
| Current Account | 13954 USD Million | 13.954 B USD | 2017 |
| Exports | 87260 USD Million | 87.26 USD Billion | 2018 |
| Imports | 45736 USD Million | 45.736 USD Billion | 2018 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 96.3 Tonnes | 2Q/20 |
| Interest Rate | 4 % | Aug/20 |
| Money Supply M0 | 81744 IQD Billion | 67.997 USD Billion | Jun/20 |
| Money Supply M1 | 94702 IQD Billion | 78.776 USD Billion | Apr/20 |
| Money Supply M2 | 110725 IQD Billion | 92.104 USD Billion | Apr/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 7.9 % | 2019 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2020 |
| Personal Income Tax Rate | 15 % | 2019 |
| Social Security Rate | 17 % | 2020 |
| Social Security Rate For Companies | 12 % | 2020 |
| Social Security Rate For Employees | 5 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 3578 BBL/D/1K | Aug/20 |
| Industrial Production | 0.8 % | 4Q/18 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 20 index points | 2019 |
| Corruption Rank | 162 place | 2019 |
| Ease of Doing Business | 172 place | 2019 |
Gold Reserves
96.3
Tonnes
#36 from 114 countries
Foreign Exchange Reserves
N/A
N/A
#N/A from
N/A countries
Government Budget Value
0.658
USD Billion
#9 from 113 countries
Inflation Rate
0.7
%
#161 from
174 countries
Interest Rate
4
%
#83 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
7.9
%
#23 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
