Official Name: | The Republic of Iraq |
Sovereign Status: | Sovereign Country |
Government Type: | Federal Parliamentary Republic |
Official Name (Local Language): | Jumhuriyat al-Iraq/Komar-i Eraq |
ISO Country Codes: | IQ : IRQ |
Internet Domain: | .iq |
Government Web Site: | https://www.cabinet.iq:443/ |
Capital: | Baghdad | Main Airports: | |
Language(s): | Arabic | Population: | 40,462,701 |
Currency: | Iraqi Dinar | ISO Currency Code: | IQD |
Telephone Dial In: | +964 | ID Prefix: | 00 |
Government Website: | https://www.cabinet.iq:443/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/iraq |
Central Bank: | Central Bank of Iraq |
Currency USD Exchange Rate: | 1,184 Iraqi dinars (IQD) per US dollar (2017 est.) |
Unemployment Rate: | 16% (2012 est.) |
Population below poverty line: | 23% (2014 est.) |
Inflation Rate: | -0.1% (2019 est.) |
Prime Lending Rate: | 12.40% (2016 - World Bank) |
GDP: | $390.165 billion (2021 est.) |
GDP Pro Capita (PPP): | $9,000 (2021 est.) |
Currency Name: | Iraqi Dinar |
Currency Code: | IQD |
World Bank Classification: | Upper-Middle-Income Economy |
GDP Composition:
Agriculture: | 5.7% | wheat, barley, rice, vegetables, dates, cotton; cattle, sheep, poultry |
Industry: | 45.1% | petroleum, chemicals, textiles, leather, construction materials, food processing, fertilizer, metal fabrication/processing |
Services: | 49.3% |
Business Language(s): | Arabic; English |
Customs & Excise: | Ministry of Finance |
Development Bank(s): | International Development Bank for Investment and Finance; Islamic Development Bank; |
National Standards Bureau: | Central Organization for Standardization and Quality Control |
Competitive Ind’l Performance: N/A | Corruption Perceptions Index: 157/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: N/A |
Global Trade Alert | Search ITC's Lega Carta |
Investment Agency: Iraq National Investment Commission ;
Imports:
$39.47 billion (2017 est.)
Main Imports:
food, medicine, manufactures
Exports:
$61.4 billion (2017 est.)
Main Exports:
crude oil 99%, crude materials excluding fuels, food, live animals
Top Export Partners:
China 22.8%
India 20.4%
South Korea 11.3%
US 7.8%
Italy 6.7%
Top Import Partners:
Turkey 20.3%
Syria 19.2%
China 18.8%
US 4.7%
Russia 4.3%
Source: Central Intelligence Agency Factbook
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