Indicators of economy in Iraq

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Iraq reached 4.157 US dollars per inhabitant, or 167.22 bn US Dollar in the whole country. Iraq is therefore currently ranked 53 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Iraq is in the list of the world's richest countries in place 105.

Inflation in Iraq was in 2019 at around -0.20%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 50.76% lower.
The Corruption Perceptions Index for the public sector counts 21 and is compared to other countries very bad.


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