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Iraq
General Information - Iraq
Country Official Name The Republic of Iraq
Head of State Barham Salih
Population 38,433,600 (2018)
Capital City Baghdad
Largest City Baghdad (Ranked by population)
Official Languages Arabic, Kurdish
Monetary Unit Iraqi Dinar (IQD)
Location & Geography

Iraq is located in Asia at the North-east of the Arabian Peninsula. It is bordered by Turkey in the North, Iran in the East, Kuwait in the South, Saudi Arabia and Jordan in the South-west, and Syria in the North-west. The Arabian Gulf lies in the South of the country. The terrain is made up mostly of broad plains and reedy marshes in the South-east...

Trade Information - Iraq
Trade with World - 2014
Imports
37.06 USD Billion
Exports
84.5 USD Billion
Trade Balance
47.44 USD Billion
Bilateral Trade
121.56 USD Billion
Trade with UAE - 2014
Imports
5.53 USD Billion
Exports
0.12 USD Billion
Trade Balance
-5.41 USD Billion
Bilateral Trade
5.65 USD Billion
Trade with Dubai - 2018
Imports
6.06 AED Billion
Exports
0.97 AED Billion
Trade Balance
-5.09 AED Billion
Bilateral Trade
7.03 AED Billion
Main Exports Destination

Iraq is the 49th largest export economy in the world. In 2014, Iraq exported $ 84.51B and imported $ 37.06B from the world, resulting positive trade balance of $ 47.4B in net exports.

Iraq trade growth is -1.74% between 2013 and 2014.

Iraq’s total number of export products is 21 products and total number of partners is 16 countries.

Iraq’s total number of import products is 1,280 products and total number of partners is 89 countries.

Economic Indicator - Iraq
225.91
Billion (2018)
GDP (USD)
-2.16
(2018)
FDI, net Inflow (% of GDP)
223.02
Billion (2018)
GNI (USD)
N/A
(2018)
Inflation (CPI) (%)
7.91 %
(2019)
Unemployment rate (%)
N/A
Billion (2017)
External debt (USD)
N/A
(2017)
GNI Growth (annual %)
2.32 %
(2018)
Population Growth (annual %)

Iraq is divided into 18 governorates, with a population of 38.3 million. Oil remains critical to the Iraqi economy. Iraq has OPEC’s fourth-largest crude oil reserves and is the world’s third-largest oil exporter. Oil accounts for around 88% of government revenue. Non-oil growth is estimated to show a strong rebound at 5.2% in 2017, underpinned by broad-based growth in agriculture, industry, and services.

Top 5 Products - Iraq
Exports (%) - 2014
Imports (Value)
Petroleum gases and (2711) Petroleum gases and other gaseous hydrocarbons.
6.39 USD Billion
Other tubes and (7305) Other tubes and pipes (for example, welded, riveted or similarly closed)
4.05 USD Billion
Other tubes, pipes (7306) Other tubes, pipes and hollow profiles
3.9 USD Billion
Petroleum oils, other (2710) Petroleum oils, other than crude
2.09 USD Billion
Electrical transformers, static (8504) Electrical transformers, static converters (for example, rectifiers) and in ...
1.73 USD Billion
Export (Value)
Petroleum oils, crude (2709) Petroleum oils, crude
84.13 USD Billion
Petroleum oils, other (2710) Petroleum oils, other than crude
0.28 USD Billion
Ethers, ether-alcohols, ether-phenols, (2909) Ethers, ether-alcohols, ether-phenols, ether-alcohol-phenols
43 USD Million
Lubricating preparations (3403) Lubricating preparations
23.09 USD Million
Raw skins of (4102) Raw skins of sheep or lambs
11.6 USD Million
Ease of Doing Business - Iraq
Region
Middle East & North Africa
Category
Upper middle income
GNI per Capita
5,030 USD
City Covered
Baghdad
172
Doing Business 2020 Rank
44.7
Doing Business 2020 Score
44.7
Doing Business 2019 Score
0
Change in Score (% points)
Useful Information - Iraq
1