Imports$53.93 billion (2011 est.)
Exports$82.77 billion (2011 est.)
Inflation rate (consumer prices)5.6% (2011 est.)
Unemployment rate15% (2010 est.)
GDP - per capita (PPP)$3,900 (2011 est.)
National product real growth rate5.5% (2010 est.)
Internet users325,900 (2009)
Telephones - mobile cellular24 million (2009)
Population growth rate2.345% (2012 est.)
Population31,129,225 (July 2012 est.)
Formerly part of the Ottoman Empire, Iraq was occupied by Britain during the course of World War I; in 1920, it was declared a League of Nations mandate under UK administration.
In stages over the next dozen years, Iraq attained its independence as a kingdom in 1932.
A "republic" was proclaimed in 1958, but in actuality a series of strongmen ruled the country until 2003....
An improved security environment and an initial wave of foreign investment are helping to spur economic activity, particularly in the energy, construction, and retail sectors.
Broader economic improvement, long-term fiscal health, and sustained increases in the standard of living still depend on the government passing major policy reforms and on continued development of Iraq's massive oil reserves.
Although foreign investors viewed Iraq with increasing interest in 2010, most are still hampered by difficulties in acquiring land for projects and by other regulatory impediments....
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