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)

GDP - Official Exchange Rate222 Billion $ (2013)210 Billion $ (2012)191 Billion $ (2011)

GDP growth rate4.20 % (2013)8.40 % (2012)8.90 % (2011)

GDP per Capita (PPP)7,100 $ (2013)7,000 $ (2012)4,300 $ (2011)

GDP - Purchasing Power Parity249 Billion $ (2013)236 Billion $ (2012)141 Billion $ (2011)

GDP PPP per land area569 Thousand $ per square kilometer (2013)538 Thousand $ per square kilometer (2012)322 Thousand $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate6.00 % (2012)6.00 % (2011)6.50 % (2010)

Commercial bank prime lending rate6.00 % (2013)6.00 % (2012)14.1 % (2011)

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)

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 (Total)12.9 Billion $ (2013)29.5 Billion $ (2012)21.7 Billion $ (2011)

External Debt (Total)59.5 Billion $ (2013)60.2 Billion $ (2012)50.8 Billion $ (2011)

External Debt (Percentage of GDP)26.8 % of GDP (2013)28.7 % of GDP (2012)26.6 % of GDP (2011)

External Debt per Capita1,867 $ (2013)1,934 $ (2012)1,671 $ (2011)