Economy of Iraq. Statistics, Data and Indicators
Iraq
| 25B- | Credit rank #100 |
| N/A | Quality of life # |
| 157 | Corruption rank#153 |
| 172 | Ease of doing business#150 |
Iraq Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 264 USD Billion | 2022 |
| GDP Annual Growth Rate | 7 % | 2022 |
| GDP per capita | 4336 USD | 2022 |
| Inflation Rate YoY | 3.48 % | Jul/23 |
| Interest Rate | 7.5 % | Jul/23 |
| Unemployment Rate | 15.55 % | 2022 |
| Balance of Trade | 15382 USD Million | 15.382 B USD | 2023 |
| Current Account | 13229 USD Million | 13.229 B USD | 2023 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 264 USD Billion | 2022 |
| GDP Annual Growth Rate | 7 % | 2022 |
| GDP per capita | 4336 USD | 2022 |
| Gross National Product | 224153536 IQD Million | 188.66 B USD | 2014 |
| GDP per capita PPP | 9199 USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 43.3 % | 2022 |
| Government Budget Value | 6507718 IQD Million | 4.98 USD Billion | Jun/23 |
| Government Revenues | 54308340 IQD Million | 41.559 USD Billion | Jun/23 |
| Fiscal Expenditure | 47800624 IQD Million | 36.579 B USD | Jun/23 |
| Government Budget to GDP | 6.4 % | 2022 |
| Military Expenditure | 4683 USD Million | 4.683 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 122 index points | Jul/23 |
| Food Inflation | 4.76 % | Jul/23 |
| Inflation Rate YoY | 3.48 % | Jul/23 |
| Core Consumer Prices | 124 Index Points | Jul/23 |
| Core Inflation Rate | 3.7 % | Jul/23 |
| CPI Housing Utilities | 123 Index Points | Jul/23 |
| CPI Transportation | 121 Index Points | Jul/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 16.3 % | 2022 |
| Balance of Trade | 15382 USD Million | 15.382 USD Billion | 2023 |
| Current Account | 13229 USD Million | 13.229 B USD | 2023 |
| Exports | 23109 USD Million | 23.109 USD Billion | 2023 |
| Imports | 7727 USD Million | 7.727 USD Billion | 2023 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 133 Tonnes | 2Q/23 |
| Interest Rate | 7.5 % | Jul/23 |
| Money Supply M0 | 147659 IQD Billion | 112.995 USD Billion | Jul/23 |
| Money Supply M1 | 47889 IQD Billion | 36.647 USD Billion | Jul/23 |
| Money Supply M2 | 176647 IQD Billion | 135.178 USD Billion | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 15.55 % | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2023 |
| Personal Income Tax Rate | 15 % | 2023 |
| Social Security Rate | 17 % | 2023 |
| Social Security Rate For Companies | 12 % | 2023 |
| Social Security Rate For Employees | 5 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 4073 BBL/D/1K | Aug/23 |
| Industrial Production | -22.5 % | 1Q/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 23 index points | 2022 |
| Corruption Rank | 157 place | 2022 |
| Ease of Doing Business | 172 place | 2019 |
