{ "Introduction": { "Background": { "text": "
Formerly part of the Ottoman Empire, Iraq was occupied by the United Kingdom during World War I and was declared a League of Nations mandate under UK administration in 1920. Iraq attained its independence as a kingdom in 1932. It was proclaimed a \"republic\" in 1958 after a coup overthrew the monarchy, but in actuality, a series of strongmen ruled the country until 2003. The last was SADDAM Husayn from 1979 to 2003. Territorial disputes with Iran led to an inconclusive and costly eight-year war (1980-88). In August 1990, Iraq seized Kuwait but was expelled by US-led UN coalition forces during the Gulf War of January-February 1991. After Iraq's expulsion, the UN Security Council (UNSC) required Iraq to scrap all weapons of mass destruction and long-range missiles and to allow UN verification inspections. Continued Iraqi noncompliance with UNSC resolutions led to the Second Gulf War in March 2003 and the ouster of the SADDAM Husayn regime by US-led forces.
In October 2005, Iraqis approved a constitution in a national referendum and, pursuant to this document, elected a 275-member Council of Representatives (COR) in December 2005. The COR approved most cabinet ministers in May 2006, marking the transition to Iraq's first constitutional government in nearly a half century. Iraq held elections for provincial councils in all governorates - except for Iraq's Kurdistan Region and Kirkuk - in January 2009 and in April and June 2013, and has repeatedly postponed the next provincial elections, originally planned for April 2017. Iraq has held four national legislative elections since 2006, most recently in October 2021 when 329 legislators were elected to the COR. The acting Iraqi National Intelligence Service Director General Mustafa al-KADHIMI became prime minister in May 2020 after the previous prime minister resigned in late 2019 because of widespread protests demanding more employment opportunities and an end to corruption. His mandate as prime minister was to guide Iraq toward an early national legislative election, which was held in October 2021.
Between 2014 and 2017, Iraq was engaged in a military campaign against the Islamic State of Iraq and ash-Sham (ISIS) to recapture territory lost in the western and northern portion of the country. Iraqi and allied forces recaptured Mosul, the country's second-largest city, in 2017 and drove ISIS out of its other urban strongholds. In December 2017, then-Prime Minister Haydar al-ABADI publicly declared victory against ISIS while continuing operations against the group's residual presence in rural areas. Also in late 2017, ABADI responded to an independence referendum held by the Kurdistan Regional Government by ordering Iraqi forces to take control of disputed territories across central and northern Iraq that were previously occupied and governed by Kurdish forces.
" } }, "Geography": { "Location": { "text": "Middle East, bordering the Persian Gulf, between Iran and Kuwait" }, "Geographic coordinates": { "text": "33 00 N, 44 00 E" }, "Map references": { "text": "Middle East" }, "Area": { "total": { "text": "438,317 sq km" }, "land": { "text": "437,367 sq km" }, "water": { "text": "950 sq km" } }, "Area - comparative": { "text": "slightly more than three times the size of New York state" }, "Land boundaries": { "total": { "text": "3,809 km" }, "border countries": { "text": "Iran 1,599 km; Jordan 179 km; Kuwait 254 km; Saudi Arabia 811 km; Syria 599 km; Turkey 367 km" } }, "Coastline": { "text": "58 km" }, "Maritime claims": { "territorial sea": { "text": "12 nm" }, "continental shelf": { "text": "not specified" } }, "Climate": { "text": "mostly desert; mild to cool winters with dry, hot, cloudless summers; northern mountainous regions along Iranian and Turkish borders experience cold winters with occasionally heavy snows that melt in early spring, sometimes causing extensive flooding in central and southern Iraq" }, "Terrain": { "text": "mostly broad plains; reedy marshes along Iranian border in south with large flooded areas; mountains along borders with Iran and Turkey" }, "Elevation": { "highest point": { "text": "Cheekha Dar (Kurdish for \"Black Tent\") 3,611 m" }, "lowest point": { "text": "Persian Gulf 0 m" }, "mean elevation": { "text": "312 m" } }, "Natural resources": { "text": "petroleum, natural gas, phosphates, sulfur" }, "Land use": { "agricultural land": { "text": "18.1% (2018 est.)" }, "agricultural land: arable land": { "text": "arable land: 8.4% (2018 est.)" }, "agricultural land: permanent crops": { "text": "permanent crops: 0.5% (2018 est.)" }, "agricultural land: permanent pasture": { "text": "permanent pasture: 9.2% (2018 est.)" }, "forest": { "text": "1.9% (2018 est.)" }, "other": { "text": "80% (2018 est.)" } }, "Irrigated land": { "text": "35,250 sq km (2012)" }, "Major lakes (area sq km)": { "Fresh water lake(s)": { "text": "Lake Hammar - 1,940 sq km" } }, "Major rivers (by length in km)": { "text": "Euphrates river mouth (shared with Turkey[s], Syria, and Iran) - 3,596 km; Tigris river mouth (shared with Turkey[s], Syria, and Iran) - 1,950 km; the Tigris and Euphrates join to form the Shatt al ArabIraq's GDP growth slowed to 1.1% in 2017, a marked decline compared to the previous two years as domestic consumption and investment fell because of civil violence and a sluggish oil market. The Iraqi Government received its third tranche of funding from its 2016 Stand-By Arrangement (SBA) with the IMF in August 2017, which is intended to stabilize its finances by encouraging improved fiscal management, needed economic reform, and expenditure reduction. Additionally, in late 2017 Iraq received more than $1.4 billion in financing from international lenders, part of which was generated by issuing a $1 billion bond for reconstruction and rehabilitation in areas liberated from ISIL. Investment and key sector diversification are crucial components to Iraq’s long-term economic development and require a strengthened business climate with enhanced legal and regulatory oversight to bolster private-sector engagement. The overall standard of living depends on global oil prices, the central government passage of major policy reforms, a stable security environment post-ISIS, and the resolution of civil discord with the Kurdish Regional Government (KRG).
Iraq's largely state-run economy is dominated by the oil sector, which provides roughly 85% of government revenue and 80% of foreign exchange earnings, and is a major determinant of the economy's fortunes. Iraq's contracts with major oil companies have the potential to further expand oil exports and revenues, but Iraq will need to make significant upgrades to its oil processing, pipeline, and export infrastructure to enable these deals to reach their economic potential.
In 2017, Iraqi oil exports from northern fields were disrupted following a KRG referendum that resulted in the Iraqi Government reasserting federal control over disputed oil fields and energy infrastructure in Kirkuk. The Iraqi government and the KRG dispute the role of federal and regional authorities in the development and export of natural resources. In 2007, the KRG passed an oil law to develop IKR oil and gas reserves independent of the federal government. The KRG has signed about 50 contracts with foreign energy companies to develop its reserves, some of which lie in territories taken by Baghdad in October 2017. The KRG is able to unilaterally export oil from the fields it retains control of through its own pipeline to Turkey, which Baghdad claims is illegal. In the absence of a national hydrocarbons law, the two sides have entered into five provisional oil- and revenue-sharing deals since 2009, all of which collapsed.
Iraq is making slow progress enacting laws and developing the institutions needed to implement economic policy, and political reforms are still needed to assuage investors' concerns regarding the uncertain business climate. The Government of Iraq is eager to attract additional foreign direct investment, but it faces a number of obstacles, including a tenuous political system and concerns about security and societal stability. Rampant corruption, outdated infrastructure, insufficient essential services, skilled labor shortages, and antiquated commercial laws stifle investment and continue to constrain growth of private, nonoil sectors. Under the Iraqi constitution, some competencies relevant to the overall investment climate are either shared by the federal government and the regions or are devolved entirely to local governments. Investment in the IKR operates within the framework of the Kurdistan Region Investment Law (Law 4 of 2006) and the Kurdistan Board of Investment, which is designed to provide incentives to help economic development in areas under the authority of the KRG.
Inflation has remained under control since 2006. However, Iraqi leaders remain hard-pressed to translate macroeconomic gains into an improved standard of living for the Iraqi populace. Unemployment remains a problem throughout the country despite a bloated public sector. Overregulation has made it difficult for Iraqi citizens and foreign investors to start new businesses. Corruption and lack of economic reforms - such as restructuring banks and developing the private sector – have inhibited the growth of the private sector.
" }, "Real GDP (purchasing power parity)": { "Real GDP (purchasing power parity) 2020": { "text": "$372.27 billion (2020 est.)" }, "Real GDP (purchasing power parity) 2019": { "text": "$415.32 billion (2019 est.)" }, "Real GDP (purchasing power parity) 2018": { "text": "$397.64 billion (2018 est.)" }, "note": "note: data are in 2017 dollars" }, "Real GDP growth rate": { "Real GDP growth rate 2017": { "text": "-2.1% (2017 est.)" }, "Real GDP growth rate 2016": { "text": "13.1% (2016 est.)" }, "Real GDP growth rate 2015": { "text": "2.5% (2015 est.)" } }, "Real GDP per capita": { "Real GDP per capita 2020": { "text": "$9,300 (2020 est.)" }, "Real GDP per capita 2019": { "text": "$10,600 (2019 est.)" }, "Real GDP per capita 2018": { "text": "$10,300 (2018 est.)" }, "note": "note: data are in 2017 dollars" }, "GDP (official exchange rate)": { "text": "$231.994 billion (2019 est.)" }, "Inflation rate (consumer prices)": { "Inflation rate (consumer prices) 2019": { "text": "-0.1% (2019 est.)" }, "Inflation rate (consumer prices) 2018": { "text": "0.3% (2018 est.)" }, "Inflation rate (consumer prices) 2017": { "text": "0.2% (2017 est.)" } }, "Credit ratings": { "Fitch rating": { "text": "B- (2015)" }, "Moody's rating": { "text": "Caa1 (2017)" }, "Standard & Poors rating": { "text": "B- (2015)" } }, "GDP - composition, by sector of origin": { "agriculture": { "text": "3.3% (2017 est.)" }, "industry": { "text": "51% (2017 est.)" }, "services": { "text": "45.8% (2017 est.)" } }, "GDP - composition, by end use": { "household consumption": { "text": "50.4% (2013 est.)" }, "government consumption": { "text": "22.9% (2016 est.)" }, "investment in fixed capital": { "text": "20.6% (2016 est.)" }, "investment in inventories": { "text": "0% (2016 est.)" }, "exports of goods and services": { "text": "32.5% (2016 est.)" }, "imports of goods and services": { "text": "-40.9% (2016 est.)" } }, "Agricultural products": { "text": "wheat, barley, dates, tomatoes, rice, maize, grapes, potatoes, rice, watermelons" }, "Industries": { "text": "petroleum, chemicals, textiles, leather, construction materials, food processing, fertilizer, metal fabrication/processing" }, "Industrial production growth rate": { "text": "0.7% (2017 est.)" }, "Labor force": { "text": "8.9 million (2010 est.)" }, "Labor force - by occupation": { "agriculture": { "text": "21.6%" }, "industry": { "text": "18.7%" }, "services": { "text": "59.8% (2008 est.)" } }, "Unemployment rate": { "Unemployment rate 2012": { "text": "16% (2012 est.)" }, "Unemployment rate 2010": { "text": "15% (2010 est.)" } }, "Unemployment, youth ages 15-24": { "total": { "text": "25.6%" }, "male": { "text": "22%" }, "female": { "text": "63.3% (2017)" } }, "Population below poverty line": { "text": "23% (2014 est.)" }, "Gini Index coefficient - distribution of family income": { "Gini Index coefficient - distribution of family income 2012": { "text": "29.5 (2012 est.)" } }, "Household income or consumption by percentage share": { "lowest 10%": { "text": "3.6%" }, "highest 10%": { "text": "25.7% (2007 est.)" } }, "Budget": { "revenues": { "text": "68.71 billion (2017 est.)" }, "expenditures": { "text": "76.82 billion (2017 est.)" } }, "Budget surplus (+) or deficit (-)": { "text": "-4.2% (of GDP) (2017 est.)" }, "Public debt": { "Public debt 2017": { "text": "59.7% of GDP (2017 est.)" }, "Public debt 2016": { "text": "66% of GDP (2016 est.)" } }, "Taxes and other revenues": { "text": "35.7% (of GDP) (2017 est.)" }, "Fiscal year": { "text": "calendar year" }, "Current account balance": { "Current account balance 2017": { "text": "$4.344 billion (2017 est.)" }, "Current account balance 2016": { "text": "-$13.38 billion (2016 est.)" } }, "Exports": { "Exports 2020": { "text": "$50.61 billion (2020 est.) note: data are in current year dollars" }, "Exports 2019": { "text": "$88.9 billion (2019 est.) note: data are in current year dollars" }, "Exports 2018": { "text": "$91.93 billion (2018 est.) note: data are in current year dollars" } }, "Exports - partners": { "text": "China 26%, India 24%, South Korea 9%, United States 8%, Italy 6%, Greece 6% (2019)" }, "Exports - commodities": { "text": "crude petroleum, refined petroleum, gold, dates, petroleum coke (2019)" }, "Imports": { "Imports 2020": { "text": "$54.72 billion (2020 est.) note: data are in current year dollars" }, "Imports 2019": { "text": "$72.28 billion (2019 est.) note: data are in current year dollars" }, "Imports 2018": { "text": "$56.88 billion (2018 est.) note: data are in current year dollars" } }, "Imports - partners": { "text": "United Arab Emirates 28%, Turkey 21%, China 19% (2019)" }, "Imports - commodities": { "text": "refined petroleum, broadcasting equipment, cars, jewelry, cigarettes (2019)" }, "Reserves of foreign exchange and gold": { "Reserves of foreign exchange and gold 31 December 2017": { "text": "$48.88 billion (31 December 2017 est.)" }, "Reserves of foreign exchange and gold 31 December 2016": { "text": "$45.36 billion (31 December 2016 est.)" } }, "Debt - external": { "Debt - external 31 December 2017": { "text": "$73.02 billion (31 December 2017 est.)" }, "Debt - external 31 December 2016": { "text": "$64.16 billion (31 December 2016 est.)" } }, "Exchange rates": { "Currency": { "text": "Iraqi dinars (IQD) per US dollar -" }, "Exchange rates 2017": { "text": "1,184 (2017 est.)" }, "Exchange rates 2016": { "text": "1,182 (2016 est.)" }, "Exchange rates 2015": { "text": "1,182 (2015 est.)" }, "Exchange rates 2014": { "text": "1,167.63 (2014 est.)" }, "Exchange rates 2013": { "text": "1,213.72 (2013 est.)" } } }, "Energy": { "Electricity access": { "electrification - total population": { "text": "100% (2020)" } }, "Electricity": { "installed generating capacity": { "text": "28.369 million kW (2020 est.)" }, "consumption": { "text": "46,492,540,000 kWh (2019 est.)" }, "exports": { "text": "0 kWh (2019 est.)" }, "imports": { "text": "14.18 billion kWh (2019 est.)" }, "transmission/distribution losses": { "text": "58.502 billion kWh (2019 est.)" } }, "Electricity generation sources": { "fossil fuels": { "text": "97.8% of total installed capacity (2020 est.)" }, "nuclear": { "text": "0% of total installed capacity (2020 est.)" }, "solar": { "text": "0.1% of total installed capacity (2020 est.)" }, "wind": { "text": "0% of total installed capacity (2020 est.)" }, "hydroelectricity": { "text": "2.1% of total installed capacity (2020 est.)" }, "tide and wave": { "text": "0% of total installed capacity (2020 est.)" }, "geothermal": { "text": "0% of total installed capacity (2020 est.)" }, "biomass and waste": { "text": "0% of total installed capacity (2020 est.)" } }, "Coal": { "production": { "text": "0 metric tons (2020 est.)" }, "consumption": { "text": "0 metric tons (2020 est.)" }, "exports": { "text": "0 metric tons (2020 est.)" }, "imports": { "text": "0 metric tons (2020 est.)" }, "proven reserves": { "text": "0 metric tons (2019 est.)" } }, "Petroleum": { "total petroleum production": { "text": "4,161,500 bbl/day (2021 est.)" }, "refined petroleum consumption": { "text": "863,300 bbl/day (2019 est.)" }, "crude oil and lease condensate exports": { "text": "3,975,800 barrels/day (2018 est.)" }, "crude oil and lease condensate imports": { "text": "0 barrels/day (2018 est.)" }, "crude oil estimated reserves": { "text": "145.019 billion barrels (2021 est.)" } }, "Refined petroleum products - production": { "text": "398,000 bbl/day (2015 est.)" }, "Refined petroleum products - exports": { "text": "8,284 bbl/day (2015 est.)" }, "Refined petroleum products - imports": { "text": "255,100 bbl/day (2015 est.)" }, "Natural gas": { "production": { "text": "10,710,773,000 cubic meters (2019 est.)" }, "consumption": { "text": "18,014,129,000 cubic meters (2019 est.)" }, "exports": { "text": "0 cubic meters (2021 est.)" }, "imports": { "text": "7,303,356,000 cubic meters (2019 est.)" }, "proven reserves": { "text": "3,728,926,000,000 cubic meters (2021 est.)" } }, "Carbon dioxide emissions": { "total emissions": { "text": "143.479 million metric tonnes of CO2 (2019 est.)" }, "from coal and metallurgical coke": { "text": "0 metric tonnes of CO2 (2019 est.)" }, "from petroleum and other liquids": { "text": "108.14 million metric tonnes of CO2 (2019 est.)" }, "from consumed natural gas": { "text": "35.339 million metric tonnes of CO2 (2019 est.)" } }, "Energy consumption per capita": { "Total energy consumption per capita 2019": { "text": "63.174 million Btu/person (2019 est.)" } } }, "Communications": { "Telephones - fixed lines": { "total subscriptions": { "text": "2,699,758 (2020 est.)" }, "subscriptions per 100 inhabitants": { "text": "7 (2020 est.)" } }, "Telephones - mobile cellular": { "total subscriptions": { "text": "37,475,325 (2020 est.)" }, "subscriptions per 100 inhabitants": { "text": "93 (2020 est.)" } }, "Telecommunication systems": { "general assessment": { "text": "Iraq continues to face a number of political and economic challenges, though increasing civil stability has made it easier for mobile and fixed-line operators to rebuild telecom services and infrastructure damaged during the last few years; the government extended the licenses held by the MNOs for an additional three years to compensate for the chaos and destruction caused between 2014 and 2017 when Islamic State held sway in many areas of the country; the three major MNOs are Zain Iraq, Asiacell, and Korek Telecom, which together control over 90% of the mobile market; the companies have struggled to develop LTE services; with LTE services being very low, there is little chance for 5G to be available in the short term; most services are still based on GSM and 3G, except in the Kurdish region where LTE is more widely available (2022)" }, "domestic": { "text": "3G services offered by three major mobile operators; 4G offered by one operator in Iraqi; conflict has destroyed infrastructure in areas; about 10 per 100 for fixed-line and 92 per 100 for mobile-cellular subscriptions (2020)" }, "international": { "text": "country code - 964; landing points for FALCON, and GBICS/MENA submarine cables providing connections to the Middle East, Africa and India; satellite earth stations - 4 (2 Intelsat - 1 Atlantic Ocean and 1 Indian Ocean, 1 Intersputnik - Atlantic Ocean region, and 1 Arabsat (inoperative)); local microwave radio relay connects border regions to Jordan, Kuwait, Syria, and Turkey (2019)" }, "note": "note: the COVID-19 pandemic continues to have a significant impact on production and supply chains globally; since 2020, some aspects of the telecom sector have experienced a downturn, particularly in mobile device production; progress toward 5G implementation has resumed, as well as upgrades to infrastructure; consumer spending on telecom services has increased due to the surge in demand for capacity and bandwidth; the crucial nature of telecom services as a tool for work and school from home is still evident, and the spike in this area has seen growth opportunities for development of new tools and increased services" }, "Broadcast media": { "text": "the number of private radio and TV stations has increased rapidly since 2003; government-owned TV and radio stations are operated by the publicly funded Iraqi Media Network; private broadcast media are mostly linked to political, ethnic, or religious groups; satellite TV is available to an estimated 70% of viewers and many of the broadcasters are based abroad; transmissions of multiple international radio broadcasters are accessible (2019)" }, "Internet country code": { "text": ".iq" }, "Internet users": { "total": { "text": "24,133,502 (2020 est.)" }, "percent of population": { "text": "60% (2020 est.)" } }, "Broadband - fixed subscriptions": { "total": { "text": "6,254,099 (2020 est.)" }, "subscriptions per 100 inhabitants": { "text": "16 (2020 est.)" } } }, "Transportation": { "National air transport system": { "number of registered air carriers": { "text": "4 (2020)" }, "inventory of registered aircraft operated by air carriers": { "text": "34" }, "annual passenger traffic on registered air carriers": { "text": "2,075,065 (2018)" }, "annual freight traffic on registered air carriers": { "text": "16.2 million (2018) mt-km" } }, "Civil aircraft registration country code prefix": { "text": "YI" }, "Airports": { "total": { "text": "102 (2021)" } }, "Airports - with paved runways": { "total": { "text": "72" }, "over 3,047 m": { "text": "20" }, "2,438 to 3,047 m": { "text": "34" }, "1,524 to 2,437 m": { "text": "4" }, "914 to 1,523 m": { "text": "7" }, "under 914 m": { "text": "7 (2021)" } }, "Airports - with unpaved runways": { "total": { "text": "30" }, "over 3,047 m": { "text": "3" }, "2,438 to 3,047 m": { "text": "5" }, "1,524 to 2,437 m": { "text": "3" }, "914 to 1,523 m": { "text": "13" }, "under 914 m": { "text": "6 (2021)" } }, "Heliports": { "text": "16 (2021)" }, "Pipelines": { "text": "2,455 km gas, 913 km liquid petroleum gas, 5,432 km oil, 1,637 km refined products (2013)" }, "Railways": { "total": { "text": "2,272 km (2014)" }, "standard gauge": { "text": "2,272 km (2014) 1.435-m gauge" } }, "Roadways": { "total": { "text": "59,623 km (2012)" }, "paved": { "text": "59,623 km (2012) (includes Kurdistan region)" } }, "Waterways": { "text": "5,279 km (2012) (the Euphrates River (2,815 km), Tigris River (1,899 km), and Third River (565 km) are the principal waterways)" }, "Merchant marine": { "total": { "text": "68" }, "by type": { "text": "general cargo 1, oil tanker 6, other 61 (2021)" } }, "Ports and terminals": { "river port(s)": { "text": "Al Basrah (Shatt al Arab); Khawr az Zubayr, Umm Qasr (Khawr az Zubayr waterway)" } } }, "Military and Security": { "Military and security forces": { "text": "Ministry of Defense: Iraqi Army, Army Aviation Command, Iraqi Navy, Iraqi Air Force, Iraqi Air Defense Command, Special Forces Command, Special Security Division (Green Zone protection)Iraq-Iran: Iraq's lack of a maritime boundary with Iran prompts jurisdiction disputes beyond the mouth of the Shatt al Arab in the Persian Gulf
Iraq-Turkey: Turkey has expressed concern over the autonomous status of Kurds in Iraq
" }, "Refugees and internally displaced persons": { "refugees (country of origin)": { "text": "15,272 (Turkey), 7,881 (West Bank and Gaza Strip) (mid-year 2021); 265,384 (Syria) (2022)" }, "IDPs": { "text": "1,184,818 (displacement in central and northern Iraq since January 2014) (2022)" }, "stateless persons": { "text": "47,253 (mid-year 2021); note - in the 1970s and 1980s under SADDAM Husayn's regime, thousands of Iraq's Faili Kurds, followers of Shia Islam, were stripped of their Iraqi citizenship, had their property seized by the government, and many were deported; some Faili Kurds had their citizenship reinstated under the 2006 Iraqi Nationality Law, but others lack the documentation to prove their Iraqi origins; some Palestinian refugees persecuted by the SADDAM regime remain stateless" } } } }