Iraq Economy 5-5-24

Nominal GDP $297.695B, Per capita GDP $5,983, Population 39,309,780, Debt to GDP 49.2%

Inflation 16.4%, Unemployment 15.56%, Average income $6588/yr.  Urban 71%, Rural 29%.

Exports $2.259B, Imports $8.495B, Trade Deficit $6.237B, Land area 169,234 sq miles. Arable land 5.34M sq miles. 

The chief crops are barley, wheat, rice, vegetables, corn (maize), millet, sugarcane, sugar beets, oil seeds, fruit, fodder, tobacco, and cotton.

Exports - The top exports of Iraq are Crude Petroleum ($111B), Refined Petroleum ($9.19B), Gold ($1.03B), Petroleum Coke ($770M), and Petroleum Gas ($388M), exporting mostly to India ($38.8B), China ($34B), United States ($10.3B), South Korea ($8.21B), and Greece ($6.27B).

Imports - The top imports of Iraq are Refined Petroleum ($7.81B), Broadcasting Equipment ($3.76B), Cars ($3.4B), Jewellery ($3.01B), and Rolled Tobacco ($1.29B), importing mostly from United Arab Emirates ($21.2B), China ($14B), Turkey ($13.7B), India ($2.45B), and South Korea ($1.15B).

According to the UN, approximately 4.1 million people require humanitarian assistance in Iraq, including approximately 920,000 food-insecure Iraqis.

Resent Wars

1967 – 6 Day War with Israel

1973 – Yom Kippur with Israel

1974– 1975  Kurdish War

1980- 1988   War with Iran

1990- 1991  Gulf War with Kuwait

2003 -2011  Iraq war with US, Regime change.

https://military-history.fandom.com/wiki/List_of_wars_involving_Iraq

After 2011, Iraq became a Parliamentary Republic with elections of members and a Prime Minister.

Violent repression of protesters and arrests of journalists covering protests continued in 2023. In October 2022, just over a year after the 2021 federal elections, political elites finally agreed on the appointment of Mohammed Shia al-Sudani as prime minister.

Mar 17, 2023 — Along with corruption, citizens complain of economic mismanagement, unemployment, crumbling infrastructure, weak public services and more.

The primary terrorist threats within Iraq are the remnants of ISIS's Iraq province and Iran-aligned militia groups (IAMGs), which include U.S.-designated Kata'ib Hezbollah, Asa'ib Ahl al-Haq, and Harakat al-Nujaba.

Norb Leahy, Dunwoody GA Tea Party Leader