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Decreased insurgent attacks and an improved security environment are helping to spur economic activity, particularly in the retail sector. Broader economic improvement, long-term fiscal health, and sustained increases in standard of living still depend on the government passing major policy reforms and developing Iraq's massive oil reserves. Potential foreign investors viewed Iraq with much more interest in 2009, but are still hampered by difficulties in acquiring land for projects and other regulatory impediments. Iraq's economy is dominated by the oil sector, which provides over 90% of government revenue and fo...  More..

Economy of Iraq
SOURCE: CIA - The World Factbook
Currency Iraqi Dinar
Fiscal Year 01 January - 31 December
GDP (PPP) $112 billion (2009 est.)
GDP (per capita) $3,600 (2009 est.)
Exports $38 billion (2009 est.)
Imports $55.4 billion (2009 est.)
Main Industries Petroleum, Chemicals, Textiles, Leather, Construction Materials, Food Processing, Fertilizer, Metal Fabrication/Processing
Exports - Commodities Crude Oil 84%, Crude Materials Excluding Fuels 8%, Food and Live Animals 5%
Imports - Commodities Food, Medicine, Manufactures
Exports Partners US 38.6%, India 12.2%, Italy 9.8%, South Korea 7.1% (2008)
Imports Partners Syria 26.2%, Turkey 19.6%, US 10.6%, Jordan 6.4%, China 6% (2008)

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