Iraq » Business
Statistics
- GDP: US$112.8billion (2008).
- Main Exports: Crude oil, crude materials (excluding fuel), food, and live animals.
- Main Imports: Food, medicine and manufactured goods.
- Main Trade Partners: USA, Turkey, Syria, Italy and Spain.
Economy
Although a comparatively small amount of capital was damaged during the hostilities, looting, insurgent attacks, and sabotage have undermined efforts to rebuild the economy. These have also prevented Iraq from reaching projected export volumes, but total government revenues have been higher than anticipated due to inflated oil prices.
In 2005, unemployment stood at 27%. Iraq's economic prospects will depend on the government's ability to control inflation, to implement structural reforms, and to develop the private sector.
Etiquette
Office Hours
Business Contacts
Federation of Iraqi Chambers of Commerce and IndustryPO Box 11348, Baghdad , Iraq
Baghdad
Tel: (1) 888 8850
Baghdad Chamber of Commerce
PO Box 24168,Almsarif, Baghdad , Iraq
Baghdad
Tel: (1) 887 6211
Back to Iraq
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Information in this section was last updated: Fri Apr 12 2013
