Economic Trivia

Iraq has the second largest oil reserves in the world.

Trade 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 3 Exported Goods (2016): Oil & Mineral Fuels, Hides & Leather, and Animal Products

Top Industries Source: CIA World Factbook

Petroleum; Chemicals; Textiles; Leather

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $483,308,952,127 (2022)
GDP Growth Rate (annual %) 7.009% (2022)
GDP Per Capita, PPP (current international) $10,862 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 49/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 4.995% (2022)
External debt stocks, total (DOD, current US$) $25,262,669,888 (2021)
Total tax rate (% of commercial profits) 30.8% (2019)
Real Interest Rate (5 year average %) 26.4% (2016)
Manufacturing, value added (% of GDP) 1.789% (2022)
Current Account Balance (BoP, current US$) $24,563,400,000 (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 11,183,808 (2022)
Employment in Agriculture (% of total employment) 19.817% (2021)
Employment in Industry (% of total employment) 21.277% (2021)
Employment in Services (% of total employment) 58.906% (2021)
Unemployment Rate 15.547% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $50,706,900,000 (2021)
Exports of goods and services (current US$) $78,260,500,000 (2021)
Total Merchandise Trade (% of GDP) 79.488% (2022)
FDI, net inflows (BoP, current US$) ($2,637,300,000) (2021)
Commercial Service Exports (current US$) $4,806,900,000 (2021)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank