Republic of Iraq
Capital
Baghdad
Region
Asia
Population
46,118,793
Area (km²)
438,317
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.
Despite a substantial GDP of over $268 billion, Iraq faces a high unemployment rate of 15.447%. This suggests a potential disconnect between economic output and job creation, possibly due to structural issues, reliance on specific sectors, or post-conflict challenges.
Remarkably, 100% of Iraq's population has access to electricity. This is a significant achievement, especially for a country that has experienced prolonged conflict and instability, indicating successful infrastructure development or restoration in this critical sector.
Iraq's economy experienced a modest GDP growth of 0.518% in 2023, yet it grappled with a significant inflation rate of 4.358%. This scenario indicates that price increases are outpacing economic expansion, which could erode purchasing power and economic stability.
With a total population of over 45 million and a high fertility rate of 3.25, Iraq's demographic profile suggests a youthful population. This indicates a growing workforce potential but also places pressure on education, healthcare, and job creation for future generations.
GDP (Current US$)
$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
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