Iraq

Description of Iraq

Welcome to the geopolitical and macroeconomic analysis of Iraq. Situated in the heart of the Middle East, Iraq plays a crucial role in shaping regional dynamics and global energy markets. With a rich history and a diverse population, Iraq faces unique opportunities and challenges as it strives towards economic development and political stability. By exploring key macroeconomic indicators and geopolitical trends, we aim to provide valuable insights into the intricate landscape of Iraq's economy and its relations with the international community.

Population And Age Structure

For the attribute of "Population, total," Iraq has a population of 42,556,984. This is higher than the average population of 40,097,746. Iraq ranks 36th out of 194 countries in this data set.

Regarding "Population ages 0-14 (% of total population)," Iraq has a percentage of 38.49%, which is higher than the average of 27.34%. Iraq ranks 43rd out of 194 countries in this category.

In terms of "Population ages 0-14, total," Iraq's population of individuals aged 0-14 is 16,378,369. This is above the average of 10,327,379. Iraq ranks 24th out of 194 countries for this metric.

For "Population ages 15-64 (% of total population)," Iraq's percentage is 58.11%, below the average of 63.44%. The country ranks 151st out of 194 nations in this aspect.

Looking at "Population ages 15-64, total," Iraq has a population of 24,730,459 in this age group, below the average of 26,003,407. The country ranks 37th out of the 194 countries for this statistic.

For the attribute of "Population ages 65 and above (% of total population)," Iraq has a percentage of 3.40%, which is below the average of 9.22%. Iraq ranks 149th out of 194 countries based on this metric.

Lastly, in terms of "Population ages 65 and above, total," Iraq's population of individuals aged 65 and above is 1,448,156, below the average of 3,766,959. Iraq ranks 61st out of 194 countries for this specific age group.

Summary

Iraq stands out with a relatively high total population of 42,556,984 and a significant percentage of individuals aged 0-14 at 38.49%, placing it 43rd in this category globally. However, the country has a lower percentage of individuals aged 15-64 at 58.11%, ranking 151st, indicating a potential demographic imbalance. These statistics are crucial as they provide insights into Iraq's population structure, potential youth dependency ratio, and implications for social services, healthcare, and workforce planning.

Population Miscellaneous

On the attribute of Rural population, Iraq has a value of 12,387,061 which is below the average of 18,044,041. Iraq ranks 45th out of 190 countries in this attribute.

For Rural population (% of total population), Iraq's value is 29.107%, below the average of 41.158%. This places Iraq at rank 125 out of 190 countries.

Regarding Urban population, Iraq has a value of 30,169,923, exceeding the average of 22,425,747. Iraq ranks 32nd out of 194 countries in this category.

In terms of Urban population (% of total population), Iraq's value is 70.893%, higher than the average of 59.6905%. Iraq is ranked 70th out of 194 countries.

For Age dependency ratio (% of working-age population), Iraq's value stands at 72.08%, above the average of 59.22%. The country ranks 44th out of 194 countries.

With a crude Birth rate of 27.732 per 1,000 people, Iraq exceeds the average of 19.38. It ranks 46th out of 192 countries.

On the attribute of Crude Death rate, Iraq's rate of 5.239 per 1,000 people is below the average of 8.2136. The country ranks 177th out of 192 countries.

For the Fertility rate, Iraq has a total of 3.551 births per woman, higher than the average of 2.6029. Iraq ranks 45th out of 190 countries in this measure.

Summary

Overall, Iraq reveals a mixed demographic profile compared to global averages and rankings. While the country has a lower rural population and rural population percentage, it boasts a higher urban population and urban population percentage. In terms of age dependency ratio, birth rate, and fertility rate, Iraq ranks above average, indicating a relatively younger population with higher birth rates. However, the lower crude death rate signifies better health conditions compared to the global average.

These indicators are crucial for understanding Iraq's population dynamics, economic development, and healthcare system. The higher urban population percentage may signify urbanization trends and potential economic growth opportunities in urban areas. Additionally, the higher fertility rate and birth rate pose challenges and opportunities for healthcare and social services to support a growing population.

Military

1. Iraq's military expenditure in current USD stands at $5,649,373,636.98, which is significantly below the average of $12,904,993,617.17. Iraq ranks 34th out of 149 countries in this category.

2. The country's military expenditure as a percentage of GDP is 3.35%, higher than the average of 1.90%. Iraq ranks 17th out of 148 countries for this metric.

3. Iraq's arms imports are relatively low at $4,000,000, compared to the average of $205,522,123.89. The country ranks 98th out of 113 countries in this aspect.

4. Iraq has a total of 459,000 armed forces personnel, surpassing the average of 165,908.54 personnel. Iraq holds the 15th position out of 164 countries in this statistic.

5. The percentage of Iraq's total labor force represented by armed forces personnel is 4.45%, substantially higher than the average of 1.28%. Iraq ranks 5th out of 164 countries in this category.

Summary

Iraq's military expenditure is below the global average but its expenditure as a percentage of GDP, number of armed forces personnel, and the proportion of its labor force in the armed forces are all significantly higher than the global averages. These indicators indicate that Iraq allocates a relatively large portion of its resources towards its military, potentially impacting its economic development and government priorities.

Natural Resources

Forest area in Iraq is 8,250 sq. km, significantly below the average of 211,606.11 sq. km, placing Iraq at rank 127 out of 191 countries.

Land area in Iraq is 434,128 sq. km, below the average of 665,166.51 sq. km, ranking Iraq 56 out of 194 countries.

Surface area in Iraq is 435,052 sq. km, also below the average of 689,779.56 sq. km, positioning Iraq at rank 58 out of 194 countries.

Arable land in Iraq is 4,969,000 hectares, below the average of 7,329,543.16 hectares, ranking Iraq 47 out of 190 countries.

Land under cereal production in Iraq is 3,440,808 hectares, below the average of 4,206,011.63 hectares, placing Iraq at rank 37 out of 174 countries.

Average precipitation in depth in Iraq is 216 mm per year, significantly below the average of 1,157.83 mm per year, ranking Iraq 162 out of 178 countries.

Renewable internal freshwater resources in Iraq total 35.2 billion cubic meters, below the average of 240.41 billion cubic meters, positioning Iraq at rank 90 out of 178 countries.

Summary

Iraq exhibits below-average values in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources compared to global averages. These statistics reveal challenges in environmental sustainability, agricultural productivity, and water resource management, which are crucial for Iraq's economic development and food security. Addressing these deficiencies through sustainable land use practices, water conservation strategies, and agricultural advancements will be essential for enhancing Iraq's resilience and long-term economic growth.

Resource Rents

1. Total natural resources rents (% of GDP): Iraq's value for this attribute is 27.42%, which is significantly higher than the average of 4.63%. This places Iraq at rank 3 out of 175 countries in the dataset.

2. Forest rents (% of GDP): Iraq's value for this attribute is 0.0038%, much lower than the average of 1.53%. This places Iraq at rank 159 out of 174 countries in the dataset.

3. Oil rents (% of GDP): Iraq's value for this attribute is 27.04%, substantially higher than the average of 2.51%. This places Iraq at rank 2 out of 117 countries in the dataset.

4. Natural gas rents (% of GDP): Iraq's value for this attribute is 0.378%, below the average of 1.25%. This places Iraq at rank 33 out of 96 countries in the dataset.

Summary

Overall, Iraq stands out as a country rich in natural resources, particularly in terms of total natural resources rents and oil rents where it ranks highly compared to other nations. However, when it comes to forest rents and natural gas rents, Iraq lags behind the global average and ranks lower in the dataset. These indicators are crucial as they highlight Iraq's heavy dependence on oil revenues, which can pose risks to its economy due to the volatility of oil prices in the global market.

Commodities

1. Cereal production (metric tons): Iraq's cereal production is 8,885,242 metric tons, significantly below the average of 17,249,945. Iraq is ranked 40th out of 174 countries in this attribute data.

2. Aquaculture production (metric tons): Iraq's aquaculture production is 22,704 metric tons, much lower than the average of 679,642. Iraq ranks 57th out of 180 countries in this category.

3. Capture fisheries production (metric tons): Iraq's capture fisheries production is 34,770.17 metric tons, below the average of 467,453. Iraq is ranked 107th out of 190 countries.

4. Total fisheries production (metric tons): Iraq's total fisheries production is 57,474.17 metric tons, significantly lower than the average of 1,153,914. Iraq ranks 98th out of 182 countries in this aspect.

5. Fertilizer consumption (kilograms per hectare of arable land): Iraq's fertilizer consumption is 55.18 kilograms per hectare, below the average of 159.04. Iraq is ranked 115th out of 187 countries in this metric.

Summary

Iraq's agricultural sector faces challenges as seen in its below-average production of cereals, aquaculture, capture fisheries, and total fisheries. The country's low fertilizer consumption further indicates potential issues in maximizing agricultural productivity and efficiency. Addressing these shortcomings can be vital for enhancing food security, economic growth, and sustainable development in Iraq.

Intellectual Property

Analysis of Key Statistics in Iraq:

1. Patent applications, nonresidents: Iraq's value of 98 is significantly below the attribute average of 6538.40. Iraq ranks 70th out of 129 countries in this data set.

2. Patent applications, residents: Iraq's value of 635 is below the attribute average of 19037.56. Iraq ranks 42nd out of 117 countries in this data set.

3. Trademark applications, nonresident, by count: Iraq's value of 1274 is below the attribute average of 15878.93. Iraq ranks 113th out of 130 countries in this data set.

4. Trademark applications, resident, by count: Iraq's value of 328 is significantly below the attribute average of 111055.78. Iraq ranks 109th out of 129 countries in this data set.

5. Scientific and technical journal articles: Iraq's value of 9814.39 is below the attribute average of 15103.76. Iraq ranks 40th out of 192 countries in this data set.

6. Charges for the use of intellectual property, payments (BoP, current US$): Iraq's value of $4,900,000 is significantly below the attribute average of $3,218,843,494.39. Iraq ranks 112th out of 143 countries in this data set.

7. Charges for the use of intellectual property, receipts (BoP, current US$): Iraq's value of $100,000 is significantly below the attribute average of $3,191,687,117.58. Iraq ranks 106th out of 122 countries in this data set.

8. Researchers in R&D (per million people): Iraq's value of 135.30 is significantly below the attribute average of 2556.45. Iraq ranks 68th out of 72 countries in this data set.

Summary

In analyzing key statistics for Iraq, it is evident that the country lags behind in various areas related to innovation and intellectual property. From significantly below-average patent applications to low research and development expenditure, Iraq faces challenges in fostering a culture of innovation. These indicators are crucial as they reflect Iraq's current position in the global knowledge economy, highlighting areas that require attention and strategic investment for long-term economic growth and competitiveness.

Broad Economy Attributes

Analysis of Key Economic Indicators for Iraq:

1. GDP (current US$): Iraq's GDP is $180.92 billion, ranking 51 out of 189 countries. This value is below the average GDP of $442.87 billion.

2. GDP, PPP (current international $): Iraq's GDP, adjusted for purchasing power parity, is $397.64 billion, ranking 46 out of 181 countries. It falls below the average GDP of $734.14 billion.

3. GDP per capita (current US$): Iraq's GDP per capita is $4251.34, ranking 111 out of 190 countries. This value is significantly lower than the average GDP per capita of $15462.11.

4. GDP per capita, PPP (current international $): Iraq's GDP per capita, adjusted for purchasing power parity, is $9343.73, ranking 111 out of 181 countries. It is below the average GDP per capita of $21251.89.

5. GNI (current US$): Iraq's GNI is $179.12 billion, ranking 51 out of 185 countries. This value is below the average GNI of $452.04 billion.

6. GNI, PPP (current international $): Iraq's GNI, adjusted for purchasing power parity, is $393.67 billion, ranking 45 out of 181 countries. It is below the average GNI of $730.70 billion.

7. GNI per capita, PPP (current international $): Iraq's GNI per capita, adjusted for purchasing power parity, is $9250, ranking 111 out of 181 countries. This value is lower than the average GNI per capita of $20615.75.

Summary

In analyzing Iraq's key economic indicators, it is evident that the country lags behind the global average across various metrics such as GDP, GDP per capita, and GNI. This suggests that Iraq faces challenges in economic development and income distribution compared to the global average, impacting the standard of living and overall economic stability within the nation.

Broad Value Added

1. Gross value added at basic prices (GVA) in Iraq is $182.39 billion, ranking 46th out of 176 countries. This value is below the average GVA of $360.07 billion.

2. Agriculture, forestry, and fishing value added in Iraq accounts for 6.09% of GDP. Iraq ranks 104th out of 182 countries in this aspect, with its value below the average of 10.86%.

3. The value added in Agriculture, forestry, and fishing in Iraq is $11.02 billion, ranking 44th out of 182 countries. This figure is lower than the average value of $19.92 billion.

4. Services value added contributes to 54.82% of Iraq's GDP, placing it 98th out of 183 countries. The country's value is below the average of 56.72%.

5. Iraq's Services value added is $99.18 billion, ranking 51st out of 183 countries. This value is lower than the average of $295.84 billion.

6. The Industry (including construction) value added in Iraq is $72.20 billion, ranking 43rd out of 183 countries. Iraq's value is below the average of $118.42 billion in this category.

Summary

In summary, Iraq's economy exhibits lower-than-average performance in key macroeconomic indicators such as Gross Value Added (GVA) at basic prices, the contribution of Agriculture, forestry, and fishing to GDP, Services value added, and Industry value added. These statistics indicate a potential lack of diversification in the economy and a reliance on a few sectors, which could impact overall economic stability and growth prospects. Addressing these disparities and promoting diversification could help enhance economic resilience and competitiveness in the international market.

Manufacturing Value Added

1. Manufacturing, value added (current US$): In Iraq, the value added in manufacturing is $4,683,088,506.71, significantly below the average of $76,207,179,589.66. Iraq ranks 86th out of 173 countries in this statistic.

2. Manufacturing, value added (% of GDP): Iraq's manufacturing value added as a percentage of GDP is 2.59%, much lower than the average of 11.90%. Iraq ranks 167th out of 173 countries in this aspect.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Iraq contributes 5.05% to medium and high-tech manufacturing value added, which is below the average of 24.49%. The country ranks 132nd out of 149 countries.

4. Chemicals (% of value added in manufacturing): The contribution of chemicals to Iraq's manufacturing value added is 3.94%, lower than the average of 11.56%. Iraq ranks 81st out of 89 countries.

5. Food, beverages and tobacco (% of value added in manufacturing): Iraq's focus on food, beverages, and tobacco in manufacturing is 25.27%, slightly higher than the average of 24.51%. Iraq ranks 32nd out of 92 countries.

6. Machinery and transport equipment (% of value added in manufacturing): Iraq's focus on machinery and transport equipment is only 0.56%, much lower than the average of 16.85%. The country ranks 92nd out of 93 countries.

7. Textiles and clothing (% of value added in manufacturing): Iraq's contribution to textiles and clothing in manufacturing is 2.03%, below the average of 6.33%. Iraq ranks 60th out of 93 countries.

8. Other manufacturing (% of value added in manufacturing): Iraq heavily relies on other manufacturing sectors, contributing 68.20% to the total value added, which is significantly higher than the average of 42.13%. Iraq ranks 4th out of 94 countries.

Summary

Iraq's manufacturing sector lags behind global averages in multiple key areas such as overall value added, contribution to high-tech manufacturing, and focus on machinery and transport equipment. However, the country excels in its heavy reliance on other manufacturing sectors, ranking 4th globally in this aspect. These statistics are crucial as they highlight areas where Iraq can potentially improve to enhance its economic diversification, technological advancement, and overall competitiveness in the global market.

Money

For the attribute "Inflation, consumer prices (annual %)", Iraq has a value of 0.57%, which is significantly below the average of 8.26%. This places Iraq at rank 120 out of 165 countries included in the data.

Regarding "Inflation, GDP deflator (annual %)", Iraq shows a value of -11.22%, notably lower than the average of 6.89%, ranking it at 182 out of 188 countries.

In terms of "Broad money growth (annual %)", Iraq records a growth rate of 15.92%, slightly below the average of 18.03%. Iraq holds a rank of 55 out of 139 countries.

When looking at "Broad money (% of GDP)", Iraq's value stands at 55.60%, lower than the average of 71.75%. This places Iraq at rank 82 out of the 139 countries included in the data.

Finally, for "Broad money to total reserves ratio", Iraq's ratio is 1.85, which is below the average of 5.17, positioning Iraq at rank 97 out of 126 countries.

Summary

In summary, Iraq demonstrates relatively low levels of inflation across both consumer prices and GDP deflator compared to global averages. The country also exhibits moderate growth in broad money, though its broad money as a percentage of GDP and broad money to total reserves ratio are below average. These indicators are crucial as they provide insights into Iraq's economic stability, monetary policy effectiveness, and its ability to manage inflationary pressures while leveraging its financial resources efficiently in the global landscape.

Consumption Expenditure

Final consumption expenditure (current US$): Iraq's final consumption expenditure is $135.34 billion, which is below the average of $381.63 billion. Iraq is ranked 51 out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): Iraq's final consumption expenditure is 74.80% of its GDP, lower than the average of 82.37%. Iraq is ranked 111 out of 159 countries in this attribute.

General government final consumption expenditure (current US$): Iraq's general government final consumption expenditure is $40.72 billion, well below the average of $93.68 billion. Iraq is ranked 44 out of 158 countries in this attribute.

General government final consumption expenditure (% of GDP): Iraq's general government final consumption expenditure is 22.51% of its GDP, higher than the average of 18.71%. Iraq is ranked 36 out of 158 countries in this attribute.

Household and NPISHs Final consumption expenditure (current US$): Iraq's household and NPISHs final consumption expenditure is $94.61 billion, below the average of $290.13 billion. Iraq is ranked 51 out of 158 countries in this attribute.

Households and NPISHs final consumption expenditure (% of GDP): Iraq's households and NPISHs final consumption expenditure is 52.29% of its GDP, lower than the average of 63.68%. Iraq is ranked 117 out of 158 countries in this attribute.

Summary

Overall, Iraq's final consumption expenditure indicators, whether in terms of total, government, or household spending, are below global averages and rank lower among other countries. This suggests that Iraq has room for potential growth in consumption-driven economic activities. Addressing these lower consumption figures could help stimulate economic expansion and improve overall living standards within the country.

Investment

Foreign direct investment, net (BoP, current US$): Iraq's value of $3,006,300,000 is above the average of -$1,615,235,980.50. Iraq ranks 19th out of 169 countries in this category.

Foreign direct investment, net inflows (BoP, current US$): Iraq's value of -$2,859,100,000 is below the average of $5,749,271,080.15. Iraq ranks 174th out of 182 countries in this category.

Foreign direct investment, net inflows (% of GDP): Iraq's value of -1.58% is below the average of 2.61%. Iraq ranks 165th out of 178 countries in this category.

Foreign direct investment, net outflows (BoP, current US$): Iraq's value of $147,200,000 is below the average of $5,707,991,116.07. Iraq ranks 65th out of 156 countries in this category.

Foreign direct investment, net outflows (% of GDP): Iraq's value of 0.08% is below the average of 1.00%. Iraq ranks 97th out of 155 countries in this category.

Portfolio Investment, net (BoP, current US$): Iraq's value of $2,511,200,000 is above the average of $679,559,169.57. Iraq ranks 31st out of 159 countries in this category.

Portfolio equity, net inflows (BoP, current US$): Iraq's value of $8,200,000 is below the average of $9,197,145,994.70. Iraq ranks 44th out of 125 countries in this category.

Summary

Iraq's performance in key macroeconomic indicators related to foreign direct investment and portfolio investment reveals a mixed picture. While the country excels in net foreign direct investment and portfolio investment, it falls below average in net inflows of foreign direct investment and portfolio equity. These statistics are crucial as they reflect Iraq's attractiveness to foreign investors, its ability to attract capital inflows, and its participation in global capital markets. Addressing the factors behind the low rankings in certain categories could potentially boost Iraq's economic growth and development.

Debt

For Total debt service (% of GNI), Iraq's value is 2.24%, which is below the average of 5.98%. Iraq is ranked 86th out of 120 countries in this attribute.

Public and publicly guaranteed debt service (% of GNI) in Iraq is 1.55%, lower than the average of 2.84%. Iraq ranks 74th out of 120 countries for this metric.

External debt stocks (% of GNI) for Iraq stand at 14.73%, significantly lower than the average of 65.42%. Iraq holds the 115th rank out of 120 countries in this aspect.

Debt service on external debt, total (TDS, current US$), amounts to $4,009,034,619.90 in Iraq, lower than the average of $9,811,195,839.23. Iraq is placed 33rd out of 123 countries for this statistic.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in Iraq is $2,775,677,039.30, below the average of $3,310,612,057.60. Iraq ranks 25th out of 123 countries in this category.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) amount to $22,864,110,064.50 in Iraq, lower than the average of $28,695,879,144.98. Iraq holds the 34th rank out of 123 countries for this metric.

External debt stocks, total (DOD, current US$) for Iraq stand at $26,387,669,576.50, significantly below the average of $73,845,530,111.82. Iraq is ranked 43rd out of 123 countries in this attribute.

Summary

Iraq demonstrates relatively low values across various debt-related indicators compared to global averages and rankings among countries. The country has lower debt service percentages, external debt stocks, and debt service amounts on external debt when compared to the averages. These findings indicate Iraq's potential for lower debt burdens, efficient debt management, and possibly more fiscal stability, which can positively impact its economic development and attract investors.

Broad Trade Attributes

- Iraq's Trade (% of GDP) is 57.74%, which is below the average of 82.34%, ranking 107th out of 163 countries.

- Iraq's Merchandise trade (% of GDP) stands at 58.22%, slightly below the average of 60.01%. The country ranks 70th out of 186 countries in this aspect.

- In terms of Trade in services (% of GDP), Iraq's value is 9.74%, significantly lower than the average of 24.63%. This places Iraq at the 123rd position out of 171 countries.

- Iraq's External balance on goods and services (current US$) is -4055886744.97, which is below the average of 3405509011.13. The country ranks 132nd out of 163 countries in this category.

- For the External balance on goods and services (% of GDP), Iraq's value of -2.24% is less than the average of -5.97%. This puts Iraq at the 80th position out of 163 countries.

Summary

Iraq's trade indicators show that the country is below average in terms of Trade (% of GDP) and Merchandise trade (% of GDP), ranking 107th and 70th respectively. Additionally, Iraq's Trade in services (% of GDP) places it at the 123rd position out of 171 countries. The country's External balance on goods and services (current US$) is also negative, ranking 132nd, and its External balance on goods and services (% of GDP) is -2.24%, ranking 80th out of 163 countries.

These indicators are crucial as they reflect Iraq's level of integration into the global economy, its trade competitiveness, and its ability to maintain a positive balance of payments. The below-average performance in these areas suggests potential challenges in sustaining economic growth, attracting foreign investment, and ensuring long-term economic stability for Iraq.

Net Trade

1. Current account balance (BoP, current US$): Iraq's current account balance is -6.31 billion USD, significantly below the average of 1.44 billion USD. Iraq ranks 154th out of 170 countries in this attribute.

2. Current account balance (% of GDP): Iraq's current account balance as a percentage of GDP is -3.49%, lower than the average of -2.36%. Iraq is ranked 110th out of 170 countries in this metric.

3. Net trade in goods and services (BoP, current US$): Iraq's net trade in goods and services is -4.20 billion USD, below the average of 2.60 billion USD. Iraq ranks 136th out of 171 countries in this category.

4. Net primary income (BoP, current US$): Iraq's net primary income is -1.81 billion USD, below the average of -903.81 million USD. Iraq ranks 120th out of 170 countries for this attribute.

5. Net secondary income (BoP, current US$): Iraq's net secondary income is -300.50 million USD, slightly below the average of -269.23 million USD. Iraq ranks 130th out of 170 countries in this aspect.

6. Net trade in goods (BoP, current US$): Iraq's net trade in goods is 5.81 billion USD, considerably higher than the average of 1.30 billion USD. Iraq is ranked 33rd out of 171 countries based on this statistic.

7. Net capital account (BoP, current US$): Iraq's net capital account is -8.10 million USD, significantly below the average of 136.54 million USD. Iraq ranks 127th out of 159 countries for this metric.

8. Net financial account (BoP, current US$): Iraq's net financial account is -7.30 billion USD, well below the average of -469.84 million USD. Iraq ranks 152nd out of 170 countries in this attribute.

Summary

In summary, Iraq displays deficits in its current account balance, net primary income, net secondary income, net capital account, and net financial account. However, it shows a surplus in net trade in goods. These macroeconomic indicators are crucial as they reveal Iraq's economic relationships with other nations, its position in the global market, and its ability to attract investments and manage external debts effectively.

Broad Export Attributes

- Iraq's Exports of goods, services and primary income is $51,539,300,000, below the average of $146,238,908,936.30. Iraq ranks 49 out of 170 countries in this attribute.
- The country's Exports of goods and services (BoP) is $50,665,900,000, also below the average of $122,938,540,059.78. Iraq ranks 47 out of 170 countries.
- Iraq's Exports of goods and services amount to $50,206,937,080.54, ranking 49 out of 163 countries. This value is below the average of $129,596,864,610.19.
- The Exports of goods and services (% of GDP) for Iraq is 27.75%, below the average of 38.19%. Iraq ranks 94 out of 163 countries in this attribute.
- Iraq's Goods exports amount to $46,863,200,000, below the average of $93,310,581,697.39. The country ranks 44 out of 171 countries.
- In terms of International tourism receipts (% of total exports), Iraq stands at 1.88%, below the average of 9.74%. Iraq ranks 88 out of 120 countries.

Summary

Iraq's export performance across various categories falls below global averages, indicating potential challenges in diversifying its economy and increasing competitiveness in the international market. With low export figures compared to the average and lower rankings among countries, Iraq may face limitations in generating foreign exchange earnings and enhancing economic growth through trade. Addressing these export constraints can be crucial for Iraq's economic development, sustainability, and resilience against external shocks.

Merchandise Exports

Iraq's merchandise exports amount to $50,613,000,000, ranking 44th out of 187 countries. This is significantly lower than the attribute average of $89,542,711,229.95.

The residual percentage of total merchandise exports for Iraq is very low at 0.0000367, placing it at the 158th position out of 166 countries. This value is well below the attribute average of 3.20.

Summary

Iraq's merchandise exports of $50.61 billion rank it 44th out of 187 countries, notably below the global average of $89.54 billion. Additionally, its residual percentage of total merchandise exports stands at a mere 0.0000367, placing it at the 158th position globally, well below the average of 3.20. These figures highlight Iraq's comparatively lower level of international trade activity and suggest potential challenges in leveraging exports for economic growth and development.

Technology Exports

- Medium and high-tech exports (% manufactured exports): In Iraq, the percentage of medium and high-tech exports as a proportion of total manufactured exports is 0.0374. This value is significantly below the average of 34.29. Iraq is ranked 149th out of 149 countries in this attribute, indicating a substantial lag compared to other nations in the dataset.

Summary

Iraq's low percentage of medium and high-tech exports compared to total manufactured exports, at 0.0374, places it at the bottom of the ranking among 149 countries analyzed. This indicates a significant lack of technological advancement in its export sector, which could hinder its competitiveness, economic diversification, and overall growth potential in the global market.

Service Exports

Service exports in Iraq amount to $3.8 billion. This is below the average service exports of $28.9 billion, ranking Iraq 74th out of 171 countries.

ICT service exports in Iraq total $129.8 million, significantly lower than the average of $4.6 billion. Iraq ranks 89th out of 166 countries in this aspect.

ICT service exports as a percentage of total service exports in Iraq stand at 3.41%, much lower than the average of 11.75%. Iraq ranks 130th out of 166 countries for this metric.

Communications, computer, etc. services as a percentage of total service exports in Iraq constitute 63.25%, surpassing the average of 45.85%. Iraq ranks 43rd out of 169 countries in this category.

Transport services as a percentage of total service exports in Iraq make up 10.97%, below the average of 21.80%. Iraq ranks 112th out of 169 countries for this indicator.

Travel services as a percentage of total service exports in Iraq represent 25.10%, slightly below the average of 26.40%. Iraq ranks 68th out of 167 countries in this regard.

Insurance and financial services as a percentage of total service exports in Iraq account for 0.67%, significantly lower than the average of 6.46%. Iraq ranks 144th out of 161 countries in this aspect.

Summary

Iraq lags behind the global average in terms of overall service exports, ranking 74th out of 171 countries with a total of $3.8 billion. Specifically, Iraq performs poorly in ICT service exports, with only $129.8 million, ranking 89th out of 166 countries. The low percentages of ICT service exports and insurance/financial services exports indicate a need for diversification and improvement in these sectors to enhance Iraq's economic competitiveness and resilience in the global market.

Commercial Service Exports

Commercial service exports in Iraq amount to $3,498,500,000, which is significantly below the attribute average of $28,508,218,402.80. Iraq ranks 74th out of 171 countries in this aspect.

Travel services contribute to 27.29% of Iraq's commercial service exports, slightly below the average of 27.89%. Iraq ranks 66th out of 167 countries in this category.

Computer, communications, and other services make up 60.05% of Iraq's commercial service exports, surpassing the average of 42.44%. Iraq is ranked 45th out of 169 countries in this field.

Insurance and financial services constitute only 0.73% of Iraq's commercial service exports, substantially lower than the average of 6.97%. Iraq ranks 145th out of 161 countries in this sector.

Transport services represent 11.93% of Iraq's commercial service exports, less than the average of 23.37%. Iraq holds the 110th position out of 169 countries in this context.

Summary

Iraq's commercial service exports are significantly below the global average, with key sectors like travel services and insurance/financial services performing below average. However, the country excels in the export of computer, communications, and other services, surpassing the global average. These statistics highlight areas where Iraq can potentially improve its economic diversification and competitiveness in the global market.

Broad Import Attributes

- Iraq's imports of goods and services amount to $54,262,823,825.50, ranking 51 out of 163 countries. This value is significantly below the average of $126,191,355,599.06 for this attribute. - Imports of goods and services as a percentage of GDP in Iraq stand at 29.99%, ranking 107 out of 163 countries. This percentage is below the average of 44.15%. - Iraq's international tourism expenditures as a percentage of total imports are 7.60%, which is above the average of 3.98%. Iraq ranks 16 out of 131 countries for this metric. - Goods imports in Iraq total $41,048,600,000, placing the country at rank 49 out of 171 countries. This figure is below the attribute average of $92,007,788,027.17. - Iraq's imports of goods and services (Balance of Payments) amount to $54,864,700,000, ranking 49 out of 170 countries. The country's value is well below the average of $120,321,577,988.12. - For imports of goods, services, and primary income (Balance of Payments), Iraq spends $57,545,000,000. This places Iraq at rank 53 out of 170 countries and is significantly below the average of $144,514,428,722.28.

Summary

Iraq's imports of goods and services, both in total value and as a percentage of GDP, are notably below global averages. However, the country's international tourism expenditures as a percentage of total imports are relatively high, indicating a significant portion of spending in this sector. The low values for Iraq's imports, particularly in comparison to the global average, may reflect limitations in domestic industry and consumer purchasing power, highlighting potential areas for economic development and policy focus.

Merchandise Imports

For Merchandise imports (current US$), Iraq imported $54,722,000,000. This is below the average import value of $89,385,605,263.15. Iraq ranks 45th out of 190 countries in terms of imports.

Summary

Iraq's merchandise imports amount to $54.72 billion, which is lower than the global average of $89.39 billion. Despite ranking 45th out of 190 countries in terms of imports, the lower import value could indicate potential challenges or strengths in the country's economy. Understanding the import levels can provide insight into Iraq's trade relationships, economic development, and potential areas for growth or vulnerability.

Service Imports

1. Service imports (BoP, current US$): Iraq's value of 13,816,100,000 USD for service imports is below the average of 27,615,356,170.47 USD. This ranks Iraq 46th out of 171 countries in the dataset.

2. Communications, computer, etc. (% of service imports, BoP): Iraq's value of 6.23% for this attribute is below the average of 44.4%. Iraq ranks 168th out of 169 countries in the dataset for this attribute.

3. Transport services (% of service imports, BoP): Iraq's value of 40.41% for transport services is above the average of 32.90%. The country ranks 49th out of 169 countries in this category.

4. Travel services (% of service imports, BoP): Iraq's value of 30.20% for travel services is above the average of 14.14%. This places Iraq at 13th out of 169 countries in the dataset.

5. Insurance and financial services (% of service imports, BoP): Iraq's value of 23.17% for insurance and financial services is above the average of 8.53%. Iraq ranks 6th out of 169 countries for this attribute.

Summary

Iraq's key macroeconomic indicators for service imports reveal a mixed performance. While the country ranks below average in communications, computer, etc. and transport services, it excels in travel services and insurance/financial services. These findings are crucial for understanding Iraq's economic relationships with other nations, its investment in infrastructure, and its tourism and financial sectors, which are significant contributors to its economy.

Commercial Service Imports

Iraq's commercial service imports amount to $13,699,000,000, ranking 46 out of 171 countries. This value is below the attribute average of $27,102,746,128.60. For computer, communications, and other services, Iraq's percentage of 5.43% is notably lower than the average of 41.71%, placing Iraq at rank 165 out of 169 countries. In insurance and financial services, Iraq performs well with a percentage of 23.36%, surpassing the average of 8.85% and securing the 9th rank out of 169 countries. Transport services account for 40.75% of Iraq's commercial service imports, slightly above the average of 34.71%, positioning Iraq at rank 55 out of 169 countries. Lastly, travel services represent 30.46% of Iraq's commercial service imports, exceeding the average of 14.73% and placing Iraq at the 16th rank out of 169 countries.

Summary

Iraq has mixed performance in various commercial service imports indicators compared to global averages. While the country excels in insurance and financial services, ranking 9th globally, it lags significantly in computer, communications, and other services, ranking 165th. Understanding these rankings is crucial as they reflect Iraq's strengths and weaknesses in attracting foreign services, which can impact its overall economic competitiveness and integration into the global market.

Infrastructure

For the attribute "Air transport, registered carrier departures worldwide", Iraq has 9809 departures, which is significantly below the average of 134,365. Iraq ranks 83 out of 149 countries in the dataset for this attribute.

Regarding the attribute "Air transport, passengers carried", Iraq transported 764,661 passengers, well below the average of 11,848,242 passengers. Iraq holds the 80th rank out of 149 countries in this category.

Summary

Iraq's performance in air transport indicators, specifically in registered carrier departures and passengers carried, falls significantly below the global average, ranking 83rd and 80th out of 149 countries, respectively. This subpar performance may indicate challenges in Iraq's aviation infrastructure, connectivity, or economic activity, which can impact the country's overall competitiveness, economic growth, and international connectivity.

Information Technology Infrastructure

Analysis of key statistics for Iraq:

Summary

Iraq's key macroeconomic indicators in the digital sphere reveal a significant lag behind global averages. With notably lower numbers of secure internet servers, internet users, fixed broadband subscriptions, and mobile cellular subscriptions compared to global averages, Iraq faces challenges in enhancing connectivity and digital infrastructure. These statistics are crucial as they underscore the importance of investing in digital technologies to boost economic growth, improve access to information, and foster innovation in an increasingly digital world.

Energy Consumption

Regarding Renewable energy consumption, Iraq has a value of 1.08%, significantly below the average of 32.18%. This places Iraq at rank 175 out of 191 countries in the dataset.

As for CO2 emissions, Iraq produces 163,511.5 kt, slightly below the average of 171,895.94 kt. This places Iraq at rank 30 out of 188 countries in the dataset.

Summary

Iraq's low renewable energy consumption at 1.08%, far below the global average of 32.18%, indicates a heavy reliance on non-renewable energy sources. This poses challenges for sustainable development and meeting climate goals. On the other hand, Iraq's slightly below-average CO2 emissions of 163,511.5 kt suggest relatively efficient energy use compared to other nations. Enhancing renewable energy infrastructure could help Iraq reduce its dependency on fossil fuels, mitigate environmental impact, and strengthen its energy security in the long term.

Government Balance Sheet

1. Total reserves (% of total external debt): Iraq's total reserves as a percentage of total external debt is significantly higher than the average of 66.13%. With a value of 206.25%, Iraq ranks 5th out of 102 countries in this attribute.

2. Reserves and related items (BoP, current US$): Iraq's reserves and related items in current US dollars are below the average of $1,924,407,186.58. With a value of -$7,074,626,550.11, Iraq ranks 161st out of 171 countries.

3. Total reserves minus gold (current US$): Iraq's total reserves minus gold in current US dollars is below the average of $74,221,588,171.61. With a value of $48,562,062,658.02, Iraq ranks 35th out of 161 countries in this attribute.

4. Total reserves (includes gold, current US$): Iraq's total reserves including gold in current US dollars are also below the average of $85,708,019,773.47. With a value of $54,424,472,658.02, Iraq ranks 36th out of 161 countries.

5. Total reserves in months of imports: Iraq's total reserves in months of imports is above the average of 7.10 months, with a value of 11.35 months. Iraq ranks 24th out of 151 countries in this measure.

Summary

Iraq's total reserves (% of total external debt) are significantly higher than the average, ranking 5th out of 102 countries. However, its reserves and related items in current US dollars, total reserves minus gold, total reserves including gold, and total reserves in months of imports all fall below their respective global averages, ranking 161st, 35th, 36th, and 24th out of various countries. These statistics are crucial as they indicate Iraq's financial stability, ability to meet external debt obligations, and its reserve assets compared to other nations, providing insights into its economic health and risk exposure in the international market.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Armed forces personnel, total 15/164
Armed forces personnel (% of total labor force) 5/164
Total natural resources rents (% of GDP) 3/175
Oil rents (% of GDP) 2/117
Other manufacturing (% of value added in manufacturing) 4/94
Travel services (% of service imports, BoP) 13/169
Insurance and financial services (% of service imports, BoP) 6/169
Insurance and financial services (% of commercial service imports) 9/169
Travel services (% of commercial service imports) 16/169
Total reserves (% of total external debt) 5/102

Ranks in Bottom Decile For:

Attribute Rank/Total
Death rate, crude (per 1,000 people) 177/192
Average precipitation in depth (mm per year) 162/178
Forest rents (% of GDP) 159/174
Researchers in R&D (per million people) 68/72
Manufacturing, value added (% of GDP) 167/173
Chemicals (% of value added in manufacturing) 81/89
Machinery and transport equipment (% of value added in manufacturing) 92/93
Inflation, GDP deflator (annual %) 182/188
Foreign direct investment, net inflows (BoP, current US$) 174/182
Foreign direct investment, net inflows (% of GDP) 165/178
External debt stocks (% of GNI) 115/120
Current account balance (BoP, current US$) 154/170
Merchandise exports by the reporting economy, residual (% of total merchandise exports) 158/166
Medium and high-tech exports (% manufactured exports) 149/149
Insurance and financial services (% of commercial service exports) 145/161
Communications, computer, etc. (% of service imports, BoP) 168/169
Computer, communications and other services (% of commercial service imports) 165/169
Renewable energy consumption (% of total final energy consumption) 175/191
Reserves and related items (BoP, current US$) 161/171