Indicators of economy in Iraq

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Iraq, on the other hand, reached USD 4,775 per capita, or 207.89 billion USD for the whole country. Iraq is therefore currently ranked 52 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Iraq ranks 120th in the list of the richest countries.

Inflation in Iraq in 2021 was around 6.04%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 63.2 percent lower.
The index for perceived corruption in the public sector is 23, which is rather poor by global standards.


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