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)||$672,978,507,595 (2018)|
|GDP Growth Rate (annual %)||0.632% (2018)|
|GDP Per Capita, PPP (current international)||$17,510 (2018)|
GDP Country Rank 34/196 (2018)
GDP Composition %
Economic Indicators 
|Inflation, consumer prices (annual %)||0.367% (2018)|
|External debt stocks, total (DOD, current US$)||Data unavailable|
|Total tax rate (% of commercial profits)||30.8% (2018)|
|Real Interest Rate (5 year average %)||31.42% (2016)|
|Manufacturing, value added (% of GDP)||2.111% (2016)|
|Current Account Balance (BoP, current US$)||$35,269,600,000 (2018)|
Labor and Employment 
|Labor Force, Total||10,075,714 (2018)|
|Employment in Agriculture (% of total employment)||18.858% (2018)|
|Employment in Industry (% of total employment)||23.494% (2018)|
|Employment in Services (% of total employment)||57.648% (2018)|
|Unemployment Rate||7.928% (2018)|
|Imports of goods and services (current US$)||$84,952,155,170 (2018)|
|Exports of goods and services (current US$)||$98,528,527,794 (2018)|
|Total Merchandise Trade (% of GDP)||60.733% (2018)|
|FDI, net inflows (BoP, current US$)||($4,885,100,000) (2018)|
|Commercial Service Exports (current US$)||$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.