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)||$419,689,634,674 (2018)|
|GDP Growth Rate (annual %)||-0.563% (2018)|
|GDP Per Capita, PPP (current international)||$10,920 (2018)|
GDP Country Rank 47/196 (2018)
GDP Composition %
Economic Indicators 
|Inflation, consumer prices (annual %)||0.367% (2018)|
|External debt stocks, total (DOD, current US$)||Data unavailable|
|Total tax rate (% of commercial profits)||30.8% (2019)|
|Real Interest Rate (5 year average %)||29.766% (2016)|
|Manufacturing, value added (% of GDP)||2.054% (2016)|
|Current Account Balance (BoP, current US$)||$34,369,500,000 (2018)|
Labor and Employment 
|Labor Force, Total||10,475,789 (2019)|
|Employment in Agriculture (% of total employment)||18.099% (2019)|
|Employment in Industry (% of total employment)||22.321% (2019)|
|Employment in Services (% of total employment)||59.58% (2019)|
|Unemployment Rate||12.822% (2019)|
|Imports of goods and services (current US$)||$80,606,458,261 (2018)|
|Exports of goods and services (current US$)||$98,591,704,614 (2018)|
|Total Merchandise Trade (% of GDP)||66.204% (2018)|
|FDI, net inflows (BoP, current US$)||($4,885,100,000) (2018)|
|Commercial Service Exports (current US$)||$5,305,500,000 (2018)|
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.