Iraq Economy

The population of Iraq is 38 million with a land area of 168.754 square miles. Labor force is 8.2 million. Labor force by occupation is agriculture 21.6%, industry 18.7%, Services 59.8%. Poverty 41.2% Inflation 2%. Unemployment is 15%.

GDP $192.7 billion (2017 est.). GDP growth is 2.5%. Per capita GDP is $5,165. GDP by sector is agriculture 4.8%, industry 40.6%, services 54.6%.

Main industries include oil, chemicals, textiles, leather, construction materials, food processing, fertilizer, metal fabrication. Ease of doing business rank 165^th.

Exports were 63.3 billion with crude oil (99%), food and live animals sold to China 22.8%, India 20.4%, South Korea 11.3%, US 7.8%, Italy 6.7%, Greece 6.1%.

Imports are $36.5 billion with food, medicine and manufacturing sold to Turkey 20.3%, Syria 19.2%, China 18.8%, US 4.7% and Russia 4.3%.

Government revenues are $69.2 billion, spending is $82.6 billion. External debt is $58 billion. Economic aid is $700 billion.

https://en.wikipedia.org/wiki/Economy_of_Iraq

Comments

Iraq trades with other Muslim countries, plus Exports to the US, Italy, Greece and South Korea and Imports from Russia and China.

Norb Leahy, Dunwoody GA Tea Party Leader