Business and economic intelligence for the Gulf and Iraq.

Countries

🇮🇶 Iraq

Baghdad · IQD

OPEC's second-largest producer, with an economy and budget overwhelmingly dependent on oil revenue, a very large public payroll and a private sector that remains small relative to the population.

Verified · updated 13 Sept 2026

Key indicators

$254 bn

GDP (nominal)

-2.2%

Real GDP growth

0.3%

Inflation (CPI)

Labour snapshot

15.5%

Unemployment rate (total)

41.5%

Labour force participation (total)

Nationalisation programme

Ministry of Labour and Social Affairs

Iraq has no nationalisation quota programme comparable to the Gulf states; employment policy centres on public-sector hiring and periodic appointment drives, with the expatriate workforce small by regional standards.

Official source

All verified values

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Sources

  1. World Bank, World Development Indicators · data.worldbank.org