Iraq

Official Name: The Republic of Iraq
Sovereign Status: Sovereign Country
Government Type: Federal Parliamentary Republic
Official Name (Local Language): Jumhuriyat al-Iraq/Komar-i Eraq
ISO Country Codes: IQ : IRQ
Internet Domain: .iq
Government Web Site: http://www.cabinet.iq/
Capital: Baghdad Main Airports:
Language(s): Arabic Population: 39,650,145
Currency: Iraqi Dinar ISO Currency Code: IQD
Telephone Dial In: +964 ID Prefix: 00



Travel Guides:

Iraq

Government Website: http://www.cabinet.iq/
Sovereign Ratings: https://countryeconomy.com/ratings/iraq
Central Bank: Central Bank of Iraq
Currency USD Exchange Rate: 1,184 Iraqi dinars (IQD) per US dollar (2017 est.)
Unemployment Rate: 16% (2012 est.)
Population below poverty line: 23% (2014 est.)
Inflation Rate: -0.1% (2019 est.)
Prime Lending Rate: 12.40% (2016 - World Bank)
GDP: $231.994 billion (2019 est.)
GDP Pro Capita (PPP): $10,881 (2019 est.)
Currency Name: Iraqi Dinar
Currency Code: IQD
World Bank Classification: Upper Middle Income

GDP Composition:

Agriculture: 5.7% wheat, barley, rice, vegetables, dates, cotton; cattle, sheep, poultry
Industry: 45.1% petroleum, chemicals, textiles, leather, construction materials, food processing, fertilizer, metal fabrication/processing
Services: 49.3%

Source: Central Intelligence Agency Factbook




Financial Exchanges:
Stock & Securities Exchange: Iraq Stock Exchange ;

National Statistics Office:

National Dataset(s):

Iraq


Subject to Country Specific Sanctions? EU and OFAC

Business Language(s): Arabic; English
Customs & Excise: Ministry of Finance
Development Bank(s): International Development Bank for Investment and Finance; Islamic Development Bank;
National Standards Bureau: Central Organization for Standardization and Quality Control
Competitive Ind’l Performance: N/A Corruption Perceptions Index: 160/180 (2020)
Ease of Doing Business: 172/190 (2019) Enabling Trade Index: N/A
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World Bank Logistics Performance Index




Imports:

$39.47 billion (2017 est.)

Main Imports:

food, medicine, manufactures

Exports:

$61.4 billion (2017 est.)

Main Exports:

crude oil 99%, crude materials excluding fuels, food, live animals


Top Export Partners:

China 22.8%

India 20.4%

South Korea 11.3%

US 7.8%

Italy 6.7%

Top Import Partners:

Turkey 20.3%

Syria 19.2%

China 18.8%

US 4.7%

Russia 4.3%


Source: Central Intelligence Agency Factbook


Regional Trade Agreements & Organisations:

Iraq

Banking Association

N/A



Company Register

N/A

Customs & Excise

Government Procurement

N/A

Law Associations & Firms

Iraqi Bar Association

Kurdistan Lawyers Association

The Legal 500



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