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IQ

Iraq

IQ · IRQ · #58 · 8 cities

Nomad score 43/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$15,384
GDP (2031)
$360.5B
GDP growth (2031)
3.5% ↑
Inflation (2031)
4.8% ↑
Unemployment (2025)
15.5% ↑
Population (2031)
52.5M
Population growth (2031)
2.6% ↑
Gini index (2023)
29.8
Government debt (2031)
70.6% of GDP
Current account (2031)
-5.6% of GDP
FDI inflows (2024)
-$7.6B
Life expectancy (2024)
72.4 yrs
Health spending (2023)
5.5% of GDP
Internet users (2024)
81.5%
Mobile subscriptions (2024)
100.1/100
Trade openness (2024)
77.1% of GDP
Exchange rate (2024)
1,300.00/USD
Foreign reserves (2024)
$100.7B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
70.6% of GDP
Current account (2031)
-5.6% of GDP
FDI inflows (2024)
-$7.6B

Income inequality (Gini)

Gini index (2023)
0.30
Assessment
Low inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2022)
0.12/1k
Tax revenue (2019)
1.3% of GDP
Services sector (2025)
52.3% of GDP

Financial access and costs

ATMs per 100k (2023)
14.2
Bank branches per 100k (2024)
3.3
ICT service exports (2024)
0.9%
Goods and services tax (2019)
0.1%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $360.5B $15,384 3.5% 4.8% - 52.5M - 70.6% -5.6% - - - - -
2030 * $339.8B $14,878 3.4% 4.2% - 51.2M - 66.9% -4.2% - - - - -
2029 * $321.4B $14,395 3.3% 3.6% - 50.1M - 63.8% -3.1% - - - - -
2028 * $305.5B $14,005 3.5% 3.3% - 48.9M - 60.9% -1.8% - - - - -
2027 * $292.8B $13,741 11.3% 3.3% - 47.8M - 58.7% 0.2% - - - - -
2026 * $264.8B $12,729 -6.8% 3.0% - 46.6M - 61.7% -5.3% - - - - -
2025 $264.2B $14,267 -0.4% 0.3% 15.5% 45.5M - 53.9% -1.7% - - - - -
2024 $286.5B $14,485 0.1% 2.6% 15.3% 44.4M - 45.2% -2.1% -$7.6B 72.4 - 81.5% 1,300.00
2023 $270.8B $14,665 0.9% 4.4% 15.2% 43.3M 29.8 42.1% 5.8% -$5.4B 72.3 5.5% 81.8% 1,312.50
2022 $288.1B $14,389 7.7% 5.0% 15.4% 42.2M - 39.0% 13.4% -$2.1B 72.0 4.3% 78.7% 1,450.00
2021 $210.8B $12,732 1.4% 6.0% 16.2% 41.2M - 54.7% 3.1% -$2.6B 70.7 5.1% 65.0% 1,450.00
2020 $182.6B $10,574 -12.4% 0.6% 15.8% 40.2M - 72.5% -6.8% -$2.9B 69.7 5.7% 53.7% 1,192.00
2019 $236.7B $12,249 5.6% -0.2% 14.1% 39.1M - 41.7% 5.9% -$3.1B 71.3 4.2% 44.3% 1,182.00
2018 $230.2B $12,034 2.6% 0.4% 13.5% 38.1M - 44.4% 8.1% -$4.9B 71.1 4.1% 33.9% 1,182.75
2017 $190.0B $10,192 -1.5% 0.2% 13.0% 37.1M - 55.9% -2.1% -$5.0B 69.8 4.1% 26.0% 1,184.00
2016 $168.4B $9,079 16.2% 0.5% 10.8% 36.2M - 60.3% -6.9% -$6.3B 68.7 4.6% 19.9% 1,182.00
2015 $177.6B $9,334 2.5% 1.4% 10.9% 35.2M - 48.3% -5.2% -$7.6B 70.0 3.2% 15.2% 1,167.33
2014 $234.7B $13,168 0.7% 2.2% 10.6% 35.0M - 27.6% 6.8% -$10.2B 69.7 2.8% 11.7% 1,166.00
2013 $234.6B $14,669 7.6% 1.9% 9.2% 33.4M - 32.0% 6.9% -$2.3B 69.1 2.8% 9.2% 1,166.00
2012 $218.0B $14,402 13.9% 6.1% 8.0% 32.6M 29.5 34.8% 6.4% $3.4B 68.8 2.7% 7.1% 1,166.17
2011 $185.8B $12,912 7.5% 5.6% 8.2% 31.8M - 40.7% 11.4% $2.1B 68.4 2.8% 5.0% 1,170.00
2010 $138.5B $12,186 6.4% 2.4% 8.3% 31.0M - 53.5% 2.8% $1.4B 68.1 3.2% 2.5% 1,170.00
2009 $111.7B $11,687 3.4% -2.8% 8.4% 30.2M - 87.4% -7.1% $1.6B 67.8 3.8% 1.1% 1,170.00
2008 $131.6B $11,657 8.2% 2.7% 8.5% 29.4M - 74.2% 15.2% $1.9B 66.5 3.1% 1.0% 1,193.08
2007 $88.8B $10,783 1.9% 30.8% 8.7% 28.7M - 117.1% -0.3% $971.8M 64.4 3.2% 0.9% 1,254.57
2006 $65.1B $10,223 5.6% 53.2% 8.4% 28.1M 28.6 143.2% 3.4% $383.0M 64.0 2.5% 1.0% 1,467.42
2005 $50.1B $9,457 1.7% 37.0% 8.6% 27.4M - 227.3% 13.5% $515.3M 64.9 3.0% 0.9% 1,472.00
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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