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

Stat	Austria	Iraq
GDP	$455.3B	$224.2B
GDP growth, 1 year	2.7%	0.6%
GDP growth, 5-years average	1.8%	3.1%
Population	8.8M	38.3M
GDP per capita	$51k	$5.8k
GDP per capita growth	1.85%	-2.84%
Purchasing Power Parity conversion factor	0.79	395.51
Price level ratio of PPP conversion factor GDP to market exchange rate	0.93	0.33
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

Stat	Austria	Iraq
Income Tax Rate	50%	15%
Corporate Tax Rate	25%	15%
Inflation, consumer prices	2.1%	0.4%
Inflation, GDP deflator	1.7%	15.4%
Unemployment	4.8%	7.9%
Economic Freedom Index	73.3	21
Personal Freedom Index	9.02	3.21
Human Freedom Index	8.42	4.28
Property Rights Index	87.3	43.9
Judical Effectiveness Index	73.2	11.2
Business Freedom Index	73	52.6
Fiscal Health Index	87.9	76.6
Labor Freedom Index	68.3	44.8
Investment Freedom Index	90	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	81	76.4
Government Spending Index	27.2	59.5
Tax Burden Index	51.3	N/A
Government Integrity Index	84	20.8
Corruption Perceptions Index	76	18
Life expectancy at birth, years	81.6	70.3
Suicide mortality rate, per 100,000 people	15.6	3
Mortality caused by road traffic injury, per 100,000 people	5.2	20.7
Intentional homicides, per 100,000 people	0.7	9.9
International tourism, number of arrivals	30.8M	892k

Government debt & reserves

Stat	Austria	Iraq
Central government debt, % of GDP	74.2%	48.4%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	14.1%	-7%
Gross savings, % of GDP	27.6%	20.1%
Gross capital formation, % of GDP	25.1%	12.9%
Total reserves including gold	$23.2B	$64.7B
Foreign direct investment net inflows	$4.2B	-$4.9B

Exports, imports and economic structure

Stat	Austria	Iraq
Exports of goods and services, % of GDP	55.8%	44%
Imports of goods and services, % of GDP	52%	35.9%
Current account balance (balance of payments)	$10.8B	$34.4B
Revenue excluding grants, % of GDP	43.4%	26.3%
Grants excluding technical cooperation, BoP	N/A	$1.7B
Personal remittances received	$3.1B	$741.7M
Industry including construction value added, % of GDP	25.7%	56.1%
Agriculture, forestry and fishing value added, % of GDP	1.1%	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 GDP	44.2%	25.3%
Government Expenditure, % of GDP	49.3%	36.7%