Albania vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Albania ranked 123rd with $15.1B. By GDP 5-years average growth and GDP per capita, Iraq and Albania ranked 85th vs 84th and 103rd vs 107th, respectively.

Gross Domestic Product & Income

StatAlbaniaIraq
GDP$15.1B$224.2B
GDP growth, 1 year4.2%0.6%
GDP growth, 5-years average3.1%3.1%
Population3M38.3M
GDP per capita$5.3k$5.8k
GDP per capita growth4.4%-2.84%
Purchasing Power Parity conversion factor42.57395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.33
GDP per capita, PPP adjusted$13k$18k
GNI, Atlas method$13.9B$193.6B
GNI per capita$4.9k$5k
GNI, PPP adjusted$38.3B$661.5B
GNI per capita, PPP adjusted$13k$17k

Financial system and Human development

StatAlbaniaIraq
Income Tax Rate23%15%
Corporate Tax Rate15%15%
Inflation, consumer prices2%0.4%
Inflation, GDP deflator0.9%15.4%
Unemployment13.9%7.9%
Economic Freedom Index66.921
Personal Freedom Index8.073.21
Human Freedom Index7.684.28
Property Rights Index57.143.9
Judical Effectiveness Index3311.2
Business Freedom Index65.752.6
Fiscal Health Index86.376.6
Labor Freedom Index52.144.8
Investment Freedom Index70N/A
Financial Freedom Index70N/A
Trade Freedom Index88.4N/A
Monetary Freedom Index81.276.4
Government Spending Index74.659.5
Tax Burden Index85.9N/A
Government Integrity Index38.820.8
Corruption Perceptions Index3618
Life expectancy at birth, years78.370.3
Suicide mortality rate, per 100,000 people6.33
Mortality caused by road traffic injury, per 100,000 people13.620.7
Intentional homicides, per 100,000 people2.39.9
International tourism, number of arrivals5.3M892k

Government debt & reserves

StatAlbaniaIraq
Central government debt, % of GDP68.6%48.4%
External debt stocks, % of GNI67.2%N/A
External debt stocks$10.1BN/A
Short-term debt, % of total reserves55.6%N/A
Total debt service, % of exports and primary income20.7%N/A
Adjusted net savings including particulate emission damage, % of GNI8.2%-7%
Gross savings, % of GDP16.2%20.1%
Gross capital formation, % of GDP25%12.9%
Total reserves including gold$3.9B$64.7B
Foreign direct investment net inflows$1.2B-$4.9B

Exports, imports and economic structure

StatAlbaniaIraq
Exports of goods and services, % of GDP31.7%44%
Imports of goods and services, % of GDP45.4%35.9%
Current account balance (balance of payments)-$1B$34.4B
Revenue excluding grants, % of GDP25.6%26.3%
Grants excluding technical cooperation, BoP$181M$1.7B
Personal remittances received$1.5B$741.7M
Industry including construction value added, % of GDP21.3%56.1%
Agriculture, forestry and fishing value added, % of GDP18.4%2%
Charges for the use of intellectual property, payments BoP$26.4M$7.8M
Charges for the use of intellectual property, receipts BoP$14.9M$100k
Expense, % of GDP23.3%25.3%
Government Expenditure, % of GDP29.1%36.7%

Compare with countries close by GDP per capita

Albania vs

CountryGDP
per capita
Population
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k

Iraq vs

CountryGDP
per capita
Population
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M