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   Market (2002)
Iraq Economy
GDP:
purchasing power parity - $37.92 billion (2003 est.)
GDP - real growth rate:
-21.8% (2003 est.)
GDP - per capita:
purchasing power parity - $1,500 (2003 est.)
GDP - composition by sector:
agriculture: 6%
industry: 13%
services: 81% (1993 est.)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
29.3% (2003 est.)
Labor force:
7.8 million (2004 est.)
Labor force - by occupation:
agriculture NA, industry NA, services NA
Unemployment rate:
NA (2003 est.)
Budget:
revenues: $12.8 billion NA
expenditures: $13.4 billion NA, including capital expenditures of NA (2004 budget)
Industries:
petroleum, chemicals, textiles, construction materials, food processing
Industrial production growth rate:
NA
Electricity - production:
36.01 billion kWh (2001)
Electricity - production by source:
fossil fuel: 98.4%
hydro: 1.6%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
33.49 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
2.2 million bbl/day; note - prewar production was 2.8 million bbl/day (January 2004 est.)
Oil - consumption:
460,000 bbl/day (2001 est.)
Oil - exports:
1.7 million bbl/day (January 2004)
Oil - imports:
NA (2001)
Oil - proved reserves:
113.8 billion bbl (1 January 2002)
Natural gas - production:
2.76 billion cu m (2001 est.)
Natural gas - consumption:
2.76 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
3.149 trillion cu m (1 January 2002)
Agriculture - products:
wheat, barley, rice, vegetables, dates, cotton; cattle, sheep
Current account balance:
$1.136 billion (2003)
Exports:
$7.542 billion f.o.b. (2003 est.)
Exports - commodities:
crude oil
Exports - partners:
US 45.4%, Taiwan 8.8%, Canada 8.1%, Jordan 7.8%, Italy 7.4%, Morocco 4.9%, Brazil 4% (2003 est.)
Imports:
$6.521 billion f.o.b. (2003 est.)
Imports - commodities:
food, medicine, manufactures
Imports - partners:
Jordan 14.8%, Vietnam 11.5%, US 7.4%, Germany 5.4%, Russia 5.1%, UK 5.1%, France 4.1%, Italy 4% (2003 est.)
Debt - external:
$93.95 billion (2003 est.)
Economic aid - recipient:
more than $33 billion in foreign aid pledged for 2004-07 (2004)
Currency:
New Iraqi dinar (NID) as of 22 January 2004
Currency code:
NID, IQD prior to 22 January 2004
Exchange rates:
New Iraqi dinars per US dollar - 1,890 (second half, 2003)
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