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Iraq economy
Iraq’s economy shrank 2.2% in 2025, slower than the world as a whole (2.9%). Consumer prices rose 0.3% in 2025, and 15.5% of the labour force was out of work.
| Indicator | Latest | Year |
|---|---|---|
| Real GDP growth | −2.2% | 2025 |
| Inflation (consumer prices) | 0.3% | 2025 |
| Unemployment | 15.5% | 2025 |
| GDP (US dollars) | $254 bn | 2025 |
| GDP per person (US dollars) | $5,410 | 2025 |
| GDP per person (PPP, international dollars) | $14,464 | 2024 |
| Current account balance, % of GDP | 3.0% | 2024 |
| Budget balance, % of GDP | 2.0% | 2019 |
| Extreme poverty, % of people below $3.00 a day | 0.5% | 2023 |
| Population | 47.0 m | 2025 |
Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.