Iraq

Iraq : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$53.93 billion (2011 est.)
$43.92 billion (2010 est.)

Exports

$82.77 billion (2011 est.)
$51.76 billion (2010 est.)

Inflation rate (consumer prices)

5.6% (2011 est.)
2.4% (2010 est.)

Unemployment rate

15% (2010 est.)
15.3% (2009 est.)

GDP - per capita (PPP)

$3,900 (2011 est.)
$3,700 (2010 est.)
$3,700 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

5.5% (2010 est.)
4.5% (2009 est.)
7.8% (2008 est.)

Internet users

325,900 (2009)

Telephones - mobile cellular

24 million (2009)

Population growth rate

2.345% (2012 est.)

Population

31,129,225 (July 2012 est.)

Historical background

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.

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Iraq

Economic overview

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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The Economist Intelligence Unit

Country Risk Service Iraq March 2015

Country Risk Service Iraq March 2015

  • $ 520
  • Country report
  • March 2015
  • by The Economist Intelligence Unit

NCAIS: 0 SIC: 0

  • Countries : Iraq

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