Eritrea vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Iraq and Eritrea ranked 85th vs 79th and 103rd vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaIraq
GDP$2.6B$224.2B
GDP growth, 1 year4.2%0.6%
GDP growth, 5-years average3.3%3.1%
Population3.5M38.3M
GDP per capita$811$5.8k
GDP per capita growth7.21%-2.84%
Purchasing Power Parity conversion factor5.93395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.33
GDP per capita, PPP adjusted$1.7k$18k
GNI, Atlas method$2.3B$193.6B
GNI per capita$720$5k
GNI, PPP adjusted$6.7B$661.5B
GNI per capita, PPP adjusted$2.1k$17k

Financial system and Human development

StatEritreaIraq
Income Tax Rate30%15%
Corporate Tax Rate30%15%
Inflation, consumer prices9%0.4%
Inflation, GDP deflator13.3%15.4%
Unemployment6.5%7.9%
Economic Freedom Index38.521
Personal Freedom Index4.83.21
Human Freedom Index4.84.28
Property Rights Index32.543.9
Judical Effectiveness Index14.311.2
Business Freedom Index18.252.6
Fiscal Health Index076.6
Labor Freedom Index69.744.8
Investment Freedom Index0N/A
Financial Freedom Index20N/A
Trade Freedom Index69.2N/A
Monetary Freedom Index6176.4
Government Spending Index74.759.5
Tax Burden Index81.4N/A
Government Integrity Index21.420.8
Corruption Perceptions Index2418
Life expectancy at birth, years65.570.3
Suicide mortality rate, per 100,000 people7.93
Mortality caused by road traffic injury, per 100,000 people25.320.7
Intentional homicides, per 100,000 people89.9
International tourism, number of arrivals142k892k

Government debt & reserves

StatEritreaIraq
Central government debt, % of GDP129.4%48.4%
External debt stocks, % of GNI40.8%N/A
External debt stocks$791.2MN/A
Short-term debt, % of total reserves16%N/A
Total debt service, % of exports and primary income4.3%N/A
Adjusted net savings including particulate emission damage, % of GNI0.5%-7%
Gross savings, % of GDP15.8%20.1%
Gross capital formation, % of GDP10%12.9%
Total reserves including gold$114.8M$64.7B
Foreign direct investment net inflows$61M-$4.9B

Exports, imports and economic structure

StatEritreaIraq
Exports of goods and services, % of GDP14.4%44%
Imports of goods and services, % of GDP23.2%35.9%
Current account balance (balance of payments)-$104.7M$34.4B
Revenue excluding grants, % of GDPN/A26.3%
Grants excluding technical cooperation, BoP$82M$1.7B
Personal remittances received$3.3M$741.7M
Industry including construction value added, % of GDP21.8%56.1%
Agriculture, forestry and fishing value added, % of GDP14.1%2%
Charges for the use of intellectual property, payments BoP$281k$7.8M
Charges for the use of intellectual property, receipts BoP$94k$100k
Expense, % of GDPN/A25.3%
Government Expenditure, % of GDP29.1%36.7%

Compare with countries close by GDP per capita

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M

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