Attribute | Value |
---|---|
Geography | |
Area | 438,317 km² |
Continent | Asia |
Land area | 437,367 km² |
Water area | 950 km² |
Land boundaries | 3,809 km |
Border countries |
|
Coastline | 58 km |
Mean elevation | 312 m |
Lowest point | 0 m |
Highest point | 3,611 m |
People | |
Population | 38,872,655 |
Official languages |
|
Religion | Muslim |
Government | |
Long country name | Republic of Iraq |
Short country name | Iraq |
Long local name | Jumhuriyat al-Iraq/Komar-i Eraq |
Short local name | Al Iraq/Eraq |
Former name |
|
Government type | Federal parliamentary republic |
Capital | Baghdad |
Economy | |
GDP (PPP) | 649,300,000,000 USD |
GDP (OER) | 192,400,000,000 USD |
GDP (real growth rate) | -2.1 % |
GDP - per capita (PPP) | 16,700 USD |
Gross national saving | 19 % of GDP |
Labor force | 8,900,000 |
Unemployment rate | 16 % |
Population below poverty line | 23 % |
Budget revenues | 68,710,000,000 USD |
Budget expenditures | 76,820,000,000 USD |
Military expenditures | 3.85 % of GDP |
Taxes and other revenues | 35.7 % of GDP |
Budget surplus or deficit | -4.2 % of GDP |
Public debt | 59.7 % of GDP |
Inflation rate | 0.1 % |
Central bank discount rate | 6 % |
Commercial bank prime lending rate | 12.7 % |
Stock of narrow money | 60,100,000,000 USD |
Stock of broad money | 60,100,000,000 USD |
Stock of domestic credit | 34,610,000,000 USD |
Market value of publicly traded shares | 4,000,000,000 USD |
Current account balance | 4,344,000,000 USD |
Exports | 61,400,000,000 USD |
Imports | 39,470,000,000 USD |
Reserves of foreign exchange and gold | 48,880,000,000 USD |
External debt | 73,020,000,000 USD |
National currency | Iraqi dinars |
National currency (code) | IQD |
National currency (symbol) | ع.د |
National currency rate to USD | 1 |
Formerly part of the Ottoman Empire, Iraq was occupied by the United Kingdom during World War I and was declared a League of Nations mandate under UK administration in 1920. Iraq attained its independence as a kingdom in 1932. It was proclaimed a "republic" in 1958 after a coup overthrew the monarchy, but in actuality, a series of strongmen ruled the country until 2003. The last was SADDAM Husayn from 1979 to 2003. Territorial disputes with Iran led to an inconclusive and costly eight-year war (1980-88). In August 1990, Iraq seized Kuwait but was expelled by US-led UN coalition forces during the Gulf War of January-February 1991. After Iraq's expulsion, the UN Security Council (UNSC) required Iraq to scrap all weapons of mass destruction and long-range missiles and to allow UN verification inspections. Continued Iraqi noncompliance with UNSC resolutions led to the Second Gulf War in March 2003 and the ouster of the SADDAM Husayn regime by US-led forces. In October 2005, Iraqis approved a constitution in a national referendum and, pursuant to this document, elected a 275-member Council of Representatives (COR) in December 2005. The COR approved most cabinet ministers in May 2006, marking the transition to Iraq's first constitutional government in nearly a half century. Iraq held elections for provincial councils in all governorates in January 2009 and April 2013 and postponed the next provincial elections, originally planned for April 2017, until 2019. Iraq has held three national legislative elections since 2005, most recently in May 2018 when 329 legislators were elected to the COR. Adil ABD AL-MAHDI assumed the premiership in October 2018 as a consensus and independent candidate - the first prime minister who is not an active member of a major political bloc. His cabinet has been hailed as one of the most technocratic since 2005. Between 2014 and 2017, Iraq was engaged in a military campaign against the Islamic State of Iraq and ash-Sham (ISIS) to recapture territory lost in the western and northern portion of the country. Iraqi and allied forces recaptured Mosul, the country's second-largest city, in 2017 and drove ISIS out of its other urban strongholds. In December 2017, then-Prime Minister Haydar al-ABADI publicly declared victory against ISIS while continuing operations against the group's residual presence in rural areas. Also in late 2017, ABADI responded to an independence referendum held by the Kurdish Regional Government by ordering Iraqi forces to take control of disputed territories across central and northern Iraq that were previously occupied and governed by Kurdish forces.