Economy of Iraq

Imports
Imports commoditiesfood, medicine, manufactures
Import partnersTurkey 27.5%, Syria 16.2%, China 12.5%, US 5.2%, South Korea 4.7% (2012)
Exports
Exports commoditiescrude oil 84%, crude materials excluding fuels, food and live animals
Export partnersUS 21.1%, India 20.2%, China 13.6%, South Korea 11%, Canada 4.7%, Italy 4.4%, Spain 4.2% (2012)
Economy sectors
Agriculture productswheat, barley, rice, vegetables, dates, cotton; cattle, sheep, poultry
Industrial productspetroleum, chemicals, textiles, leather, construction materials, food processing, fertilizer, metal fabrication/processing
Economy
Unemployment16.0 % (2012)15.2 % (2011)15.0 % (2010)
Unemployment of Iraq
GDP - Official Exchange Rate222 Billion $ (2013)210 Billion $ (2012)191 Billion $ (2011)
GDP - Official Exchange Rate of Iraq
GDP growth rate4.20 % (2013)8.40 % (2012)8.90 % (2011)
GDP growth rate of Iraq
GDP per Capita (PPP)7,100 $ (2013)7,000 $ (2012)4,300 $ (2011)
GDP per Capita (PPP) of Iraq
GDP - Purchasing Power Parity249 Billion $ (2013)236 Billion $ (2012)141 Billion $ (2011)
GDP - Purchasing Power Parity of Iraq
GDP PPP per land area569 Thousand $ per square kilometer (2013)538 Thousand $ per square kilometer (2012)322 Thousand $ per square kilometer (2011)
GDP PPP per land area of Iraq
ElectricityBanking
Central bank discount rate6.00 % (2012)6.00 % (2011)6.50 % (2010)
Central bank discount rate of Iraq
Commercial bank prime lending rate6.00 % (2013)6.00 % (2012)14.1 % (2011)
Commercial bank prime lending rate of Iraq
GDP decomposition by sector
Agriculture % of GDP3.30 % (2013)3.40 % (2012)
Industry % of GDP64.6 % (2013)64.9 % (2012)
Services % of GDP32.1 % (2013)31.7 % (2012)
Tourism
International tourism, number of arrivals1.52 Million (2010)1.26 Million (2009)864 Thousand (2008)
International tourism, number of arrivals of Iraq
Yearly Tourist arrivals to residents ratio4.90 % (2010)4.18 % (2009)2.94 % (2008)
Yearly Tourist arrivals to residents ratio of Iraq
Debt, Current Account Balance and Budget Deficit
Current Account Balance (Percentage of GDP)13.7 % of GDP (2012)13.7 % of GDP (2011)4.54 % of GDP (2010)
Current Account Balance (Percentage of GDP) of Iraq
Current Account Balance (Total)12.9 Billion $ (2013)29.5 Billion $ (2012)21.7 Billion $ (2011)
Current Account Balance (Total) of Iraq
External Debt (Total)59.5 Billion $ (2013)60.2 Billion $ (2012)50.8 Billion $ (2011)
External Debt (Total) of Iraq
External Debt (Percentage of GDP)26.8 % of GDP (2013)28.7 % of GDP (2012)26.6 % of GDP (2011)
External Debt (Percentage of GDP) of Iraq
External Debt per Capita1,867 $ (2013)1,934 $ (2012)1,671 $ (2011)
External Debt per Capita of Iraq