Iraq flag

Iraq

Republic of Iraq

Capital

Baghdad

Region

Asia

Population

46,118,793

Area (km²)

438,317

💡Quick Summary

Iraq, a Middle Eastern nation in Asia with Baghdad as its capital, spans 438,317 km² and is home to over 46 million people, boasting a rich history as the cradle of ancient civilizations like Mesopotamia. Despite its vast oil reserves driving the economy (though recent GDP figures are unavailable), the country faces ongoing challenges from political instability and reconstruction efforts post-conflicts. Known for iconic sites like the Tigris and Euphrates rivers, Iraq blends diverse cultures, including Arab, Kurdish, and Assyrian influences, amid a resilient push toward modernization.

Key Insights

High Unemployment Amidst Significant GDP

Despite a substantial GDP of over $268 billion, Iraq faces a high unemployment rate of 15.447%. This suggests a potential disconnect between economic output and job creation, possibly due to structural issues, reliance on specific sectors, or post-conflict challenges.

Universal Electricity Access: A Post-Conflict Achievement

Remarkably, 100% of Iraq's population has access to electricity. This is a significant achievement, especially for a country that has experienced prolonged conflict and instability, indicating successful infrastructure development or restoration in this critical sector.

Relatively High Inflation Despite Modest GDP Growth

Iraq's economy experienced a modest GDP growth of 0.518% in 2023, yet it grappled with a significant inflation rate of 4.358%. This scenario indicates that price increases are outpacing economic expansion, which could erode purchasing power and economic stability.

Youthful Population with High Fertility Rate

With a total population of over 45 million and a high fertility rate of 3.25, Iraq's demographic profile suggests a youthful population. This indicates a growing workforce potential but also places pressure on education, healthcare, and job creation for future generations.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$268.88B

Year: 2023

GDP Per Capita

$5,965.32

GDP Growth (%)

0.52%

Inflation (%)

4.36%

Unemployment (%)

15.45%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-14.00%-7.00%0.00%7.00%14.00%
  • GDP Growth (%)
Population Growth
Total population over time
2014201520162017201820192020202120222023015,000,00030,000,00045,000,00060,000,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years20.0years40.0years60.0years80.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%0.3%0.6%0.9%1.2%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$2,000$4,000$6,000$8,000
  • GDP Per Capita ($)

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