The economy of Iraq is dominated by the oil sector, which has provided about 99.7% of foreign exchange earnings during its modern history. As of 2021, the oil sector provides about 92% of foreign exchange earnings.
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Iraq
Country in the Middle East
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Iraq, officially the Republic of Iraq, is a country in West Asia and in the geopolitical region known as the Middle East. With a population of over 46 million, it is the 33rd-most populous country. It is a federal parliamentary republic that... Wikipedia
GDP growth rate: 7.0% annual change (2022)
Gross domestic product: 264.2 billion USD (2022)
GDP per capita: 5,937.20 USD (2022)
Gross national income: 481.7 billion PPP dollars (2022)
GNI per capita: 10,830 PPP dollars (2022)
Internet users: 78.7% of the population (2022)
Currency: Iraqi Dinar
Source: World Bank
Iraq is one of the most oil‑dependent countries in the world. Over the last decade, oil revenues have accounted for more than 99% of exports, 85% of the ...
As Iraq's economy is heavily reliant on oil export earnings, real GDP performance will closely track oil market movements throughout the 2024-28 forecast period ...
Feb 16, 2024 · ... Iraq (55%) to believe the economy is getting better. Iraqi Kurdistan is also significantly less positive about the local job market (23 ...
About 1/8 of Iraq is arable land, mainly in the north and northeast. Approximately 1/10 is permanent pasture. The most significant crops include: barley, ...
The state-dominated economy is led by the oil sector, which provides over 80 percent of government revenue. The weak state of the financial system, coupled with ...
Mar 28, 2024 · More than 90 percent of Iraq's government revenue comes from oil, leaving the country hostage to global prices.
Mar 20, 2023 · Economic progress has been challenging in the aftermath of war. Iraq's economy remains dependent on oil, which accounts for over 99% of exports.
Iraq's economy continued its oil-driven recovery after the sharp pandemic-induced recession in 2020, but non-oil sectors have stagnated, and growth ...
Jul 31, 2023 · Iraq's economic outlook in the medium term continues to hinge on oil sector developments. Overall GDP is forecast to contract by 1.1 percent in ...