Iraq economy graph showing purchasing power parity (PPP) growth from 2000 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
Iraq’s GDP per capita (PPP) is influenced by its oil exports, with fluctuations in global oil prices impacting its economic performance. Oil remains the dominant industry, accounting for the majority of government revenue and exports.