Austria vs Iraq: Economic Indicators Comparison

Austria with a GDP of $455.3B ranked the 28th largest economy in the world, while Iraq ranked 50th with $224.2B. By GDP 5-years average growth and GDP per capita, Austria and Iraq ranked 139th vs 85th and 16th vs 103rd, respectively.

Gross Domestic Product & Income

StatAustriaIraq
GDP$455.3B$224.2B
GDP growth, 1 year2.7%0.6%
GDP growth, 5-years average1.8%3.1%
Population8.8M38.3M
GDP per capita$51k$5.8k
GDP per capita growth1.85%-2.84%
Purchasing Power Parity conversion factor0.79395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.930.33
GDP per capita, PPP adjusted$52k$18k
GNI, Atlas method$436.3B$193.6B
GNI per capita$49k$5k
GNI, PPP adjusted$489.3B$661.5B
GNI per capita, PPP adjusted$55k$17k

Financial system and Human development

StatAustriaIraq
Income Tax Rate50%15%
Corporate Tax Rate25%15%
Inflation, consumer prices2.1%0.4%
Inflation, GDP deflator1.7%15.4%
Unemployment4.8%7.9%
Economic Freedom Index73.321
Personal Freedom Index9.023.21
Human Freedom Index8.424.28
Property Rights Index87.343.9
Judical Effectiveness Index73.211.2
Business Freedom Index7352.6
Fiscal Health Index87.976.6
Labor Freedom Index68.344.8
Investment Freedom Index90N/A
Financial Freedom Index70N/A
Trade Freedom Index86.4N/A
Monetary Freedom Index8176.4
Government Spending Index27.259.5
Tax Burden Index51.3N/A
Government Integrity Index8420.8
Corruption Perceptions Index7618
Life expectancy at birth, years81.670.3
Suicide mortality rate, per 100,000 people15.63
Mortality caused by road traffic injury, per 100,000 people5.220.7
Intentional homicides, per 100,000 people0.79.9
International tourism, number of arrivals30.8M892k

Government debt & reserves

StatAustriaIraq
Central government debt, % of GDP74.2%48.4%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI14.1%-7%
Gross savings, % of GDP27.6%20.1%
Gross capital formation, % of GDP25.1%12.9%
Total reserves including gold$23.2B$64.7B
Foreign direct investment net inflows$4.2B-$4.9B

Exports, imports and economic structure

StatAustriaIraq
Exports of goods and services, % of GDP55.8%44%
Imports of goods and services, % of GDP52%35.9%
Current account balance (balance of payments)$10.8B$34.4B
Revenue excluding grants, % of GDP43.4%26.3%
Grants excluding technical cooperation, BoPN/A$1.7B
Personal remittances received$3.1B$741.7M
Industry including construction value added, % of GDP25.7%56.1%
Agriculture, forestry and fishing value added, % of GDP1.1%2%
Charges for the use of intellectual property, payments BoP$2B$7.8M
Charges for the use of intellectual property, receipts BoP$1.4B$100k
Expense, % of GDP44.2%25.3%
Government Expenditure, % of GDP49.3%36.7%

Compare with countries close by GDP per capita

Austria vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k

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
Albania
$5.3k
3.02M
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