Iraq

Official Name: The Republic of Iraq
Sovereign Status: Sovereign Country
Government Type: Federal Parliamentary Republic
Official Name (Local Language): Jumhuriyat al-Iraq/Komar-i Eraq
ISO Country Codes: IQ : IRQ
Internet Domain: .iq
Government Web Site: https://www.cabinet.iq:443/
Capital: Baghdad Main Airports:
Language(s): Arabic Population: 40,462,701
Currency: Iraqi Dinar ISO Currency Code: IQD
Telephone Dial In: +964 ID Prefix: 00



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Iraq

GDP: $390.165 billion (2021 est.)
GDP Pro Capita (PPP): $9,000 (2021 est.)
Currency & USD Exchange Rate: Iraqi Dinar
Currency Code: IQD
World Bank Classification: Upper-Middle-Income Economy

GDP Composition:

Agriculture: 5.7% wheat, barley, rice, vegetables, dates, cotton; cattle, sheep, poultry
Industry: 45.1% petroleum, chemicals, textiles, leather, construction materials, food processing, fertilizer, metal fabrication/processing
Services: 49.3%

Source: Central Intelligence Agency Factbook




Financial Exchanges:
Stock & Securities Exchange: Iraq Stock Exchange ;

National Statistics Office:

National Dataset(s):

Iraq


Subject to Country Specific Sanctions? EU and OFAC

Business Language(s): Arabic; English
Customs & Excise: Ministry of Finance
Development Bank(s): International Development Bank for Investment and Finance; Islamic Development Bank;
National Standards Bureau: Central Organization for Standardization and Quality Control
Competitive Ind’l Performance: N/A Corruption Perceptions Index: 157/180 (2022 Rank)
Ease of Doing Business: N/A Enabling Trade Index: N/A
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Imports:

$39.47 billion (2017 est.)

Main Imports:

food, medicine, manufactures

Exports:

$61.4 billion (2017 est.)

Main Exports:

crude oil 99%, crude materials excluding fuels, food, live animals


Top Export Partners:

China 22.8%

India 20.4%

South Korea 11.3%

US 7.8%

Italy 6.7%

Top Import Partners:

Turkey 20.3%

Syria 19.2%

China 18.8%

US 4.7%

Russia 4.3%


Source: Central Intelligence Agency Factbook


Regional Trade Agreements & Organisations:

Iraq

Banking Association

N/A



Company Register

N/A

Customs & Excise

Government Procurement

N/A

Law Associations & Firms

Iraqi Bar Association

Kurdistan Lawyers Association

The Legal 500


Tax Identification Codes

N/A


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Iraq

British Chambers of Commerce Overseas No resources available

Joint-Venture Chambers of Commerce
Arab British Chamber of Commerce
The Arab-British Chamber of Commerce is a not-for profit membership organisation established in 1975 under the General Union of Chambers of Commerce, Industry and Agriculture for the Arab Countries. The Chamber has a unique function in the promotion of bilateral trade and investment between Britain and the Arab countries. To achieve this we work in close co-operation with government ministries, official trade and investment bodies, Arab diplomatic missions in London, the British Chambers of Commerce, the League of Arab States, leading Arab businesses and Chambers of Commerce in the Arab world.
Iraq Britain Business Council
The Iraq Britain Business Council works not only to strengthen trade and investment between Iraq and the UK, but also to promote best practice and international standards, as well as spreading technology and know-how. The IBBC hosts a number of yearly events including two major conferences in London, three major conferences in Iraq, an annual weekend retreat, round-table dinners and much more. The IBBC is a private, independent organisation.