Bosnia and Herzegovina vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Bosnia and Herzegovina ranked 115th with $20.2B. By GDP 5-years average growth and GDP per capita, Iraq and Bosnia and Herzegovina ranked 85th vs 105th and 103rd vs 101st, respectively.

Gross Domestic Product & Income

StatBosnia and HerzegovinaIraq
GDP$20.2B$224.2B
GDP growth, 1 year3.1%0.6%
GDP growth, 5-years average2.7%3.1%
Population3.5M38.3M
GDP per capita$6.1k$5.8k
GDP per capita growth4.48%-2.84%
Purchasing Power Parity conversion factor0.69395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.33
GDP per capita, PPP adjusted$13k$18k
GNI, Atlas method$19.1B$193.6B
GNI per capita$5.7k$5k
GNI, PPP adjusted$48.5B$661.5B
GNI per capita, PPP adjusted$15k$17k

Financial system and Human development

StatBosnia and HerzegovinaIraq
Income Tax Rate10%15%
Corporate Tax Rate10%15%
Inflation, consumer prices1.4%0.4%
Inflation, GDP deflator2.8%15.4%
Unemployment20.8%7.9%
Economic Freedom Index62.621
Personal Freedom Index83.21
Human Freedom Index7.274.28
Property Rights Index44.443.9
Judical Effectiveness Index33.911.2
Business Freedom Index45.752.6
Fiscal Health Index97.376.6
Labor Freedom Index67.444.8
Investment Freedom Index65N/A
Financial Freedom Index60N/A
Trade Freedom Index80N/A
Monetary Freedom Index82.776.4
Government Spending Index49.359.5
Tax Burden Index83.6N/A
Government Integrity Index41.820.8
Corruption Perceptions Index3818
Life expectancy at birth, years77.170.3
Suicide mortality rate, per 100,000 people8.83
Mortality caused by road traffic injury, per 100,000 people15.720.7
Intentional homicides, per 100,000 people1.29.9
International tourism, number of arrivals1.1M892k

Government debt & reserves

StatBosnia and HerzegovinaIraq
Central government debt, % of GDP37%48.4%
External debt stocks, % of GNI80.4%N/A
External debt stocks$15.8BN/A
Short-term debt, % of total reserves3.9%N/A
Total debt service, % of exports and primary income10.8%N/A
Adjusted net savings including particulate emission damage, % of GNIN/A-7%
Gross savings, % of GDP15.2%20.1%
Gross capital formation, % of GDP20.9%12.9%
Total reserves including gold$6.8B$64.7B
Foreign direct investment net inflows$488.9M-$4.9B

Exports, imports and economic structure

StatBosnia and HerzegovinaIraq
Exports of goods and services, % of GDP40.6%44%
Imports of goods and services, % of GDP55.8%35.9%
Current account balance (balance of payments)-$750.6M$34.4B
Revenue excluding grants, % of GDP38.9%26.3%
Grants excluding technical cooperation, BoP$226.2M$1.7B
Personal remittances received$2.1B$741.7M
Industry including construction value added, % of GDP24.5%56.1%
Agriculture, forestry and fishing value added, % of GDP5.9%2%
Charges for the use of intellectual property, payments BoP$8.4M$7.8M
Charges for the use of intellectual property, receipts BoP$26.8M$100k
Expense, % of GDP35.1%25.3%
Government Expenditure, % of GDP41.1%36.7%

Compare with countries close by GDP per capita

Bosnia and Herzegovina vs

CountryGDP
per capita
Population
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
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
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

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
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
Algeria
$4.1k
41.3M