Due to the current conflict in Iraq, the information on these pages may not reflect current conditions in the country.
(by per capita GNI) Source: The World Bank
Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income
|Upper Middle Income|
Level of Development
Source: United Nations
Possible values: Developed, In Transition and Developing
Iraq has the second largest oil reserves in the world.
Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.
Top 3 Trade Partners (2016): Singapore, United Arab Emirates, and Italy
|Top Industries Source: CIA World Factbook||
Petroleum; Chemicals; Textiles; Leather
Gross Domestic Product (GDP) 
|GDP, PPP (current international)||$645,425,060,468 (2016)|
|GDP Growth Rate (annual %)||11% (2016)|
|GDP Per Capita, PPP (current international)||$17,349 (2016)|
GDP Country Rank 32/195 (2016)
GDP Composition %
Economic Indicators 
|Inflation, consumer prices (annual %)||1.393% (2015)|
|External debt stocks, total (DOD, current US$)||Data unavailable|
|Total tax rate (% of commercial profits)||30.8% (2017)|
|Real Interest Rate (5 year average %)||53.543% (2015)|
|Manufacturing, value added (% of GDP)||2.095% (2016)|
|Current Account Balance (BoP, current US$)||$3,843,100,000 (2016)|
Labor and Employment 
|Labor Force, Total||10,600,965 (2017)|
|Employment in Agriculture (% of total employment)||18.722% (2017)|
|Employment in Industry (% of total employment)||19.658% (2017)|
|Employment in Services (% of total employment)||61.621% (2017)|
|Unemployment Rate||8.171% (2017)|
|Imports of goods and services (current US$)||$69,900,000,000 (2016)|
|Exports of goods and services (current US$)||$55,900,000,000 (2016)|
|Total Merchandise Trade (% of GDP)||48.168% (2016)|
|FDI, net inflows (BoP, current US$)||$146,400,000 (2016)|
|Commercial Service Exports (current US$)||$4,561,500,000 (2016)|
Economic Snapshot 
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Iraq’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.