Ghana vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Ghana ranked 73rd with $65.6B. By GDP 5-years average growth and GDP per capita, Iraq and Ghana ranked 85th vs 46th and 103rd vs 142nd, respectively.

Gross Domestic Product & Income

StatGhanaIraq
GDP$65.6B$224.2B
GDP growth, 1 year5.6%0.6%
GDP growth, 5-years average4.5%3.1%
Population26.9M38.3M
GDP per capita$2.2k$5.8k
GDP per capita growth3.96%-2.84%
Purchasing Power Parity conversion factor2.13395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.460.33
GDP per capita, PPP adjusted$6.5k$18k
GNI, Atlas method$63.4B$193.6B
GNI per capita$2.1k$5k
GNI, PPP adjusted$138.5B$661.5B
GNI per capita, PPP adjusted$4.7k$17k

Financial system and Human development

StatGhanaIraq
Income Tax Rate35%15%
Corporate Tax Rate25%15%
Inflation, consumer prices9.8%0.4%
Inflation, GDP deflator10.2%15.4%
Unemployment6.7%7.9%
Economic Freedom Index59.421
Personal Freedom Index7.643.21
Human Freedom Index7.214.28
Property Rights Index52.543.9
Judical Effectiveness Index46.111.2
Business Freedom Index58.452.6
Fiscal Health Index35.676.6
Labor Freedom Index59.344.8
Investment Freedom Index70N/A
Financial Freedom Index60N/A
Trade Freedom Index63.8N/A
Monetary Freedom Index68.976.4
Government Spending Index88.159.5
Tax Burden Index78.4N/A
Government Integrity Index32.220.8
Corruption Perceptions Index4118
Life expectancy at birth, years63.570.3
Suicide mortality rate, per 100,000 people5.43
Mortality caused by road traffic injury, per 100,000 people24.920.7
Intentional homicides, per 100,000 people2.19.9
International tourism, number of arrivals897k892k

Government debt & reserves

StatGhanaIraq
Central government debt, % of GDP59.6%48.4%
External debt stocks, % of GNI36.3%N/A
External debt stocks$23.3BN/A
Short-term debt, % of total reserves57.7%N/A
Total debt service, % of exports and primary income9.4%N/A
Adjusted net savings including particulate emission damage, % of GNI-8.4%-7%
Gross savings, % of GDP21%20.1%
Gross capital formation, % of GDP14.9%12.9%
Total reserves including gold$6.3B$64.7B
Foreign direct investment net inflows$3B-$4.9B

Exports, imports and economic structure

StatGhanaIraq
Exports of goods and services, % of GDP35.3%44%
Imports of goods and services, % of GDP36.4%35.9%
Current account balance (balance of payments)-$2B$34.4B
Revenue excluding grants, % of GDP27.2%26.3%
Grants excluding technical cooperation, BoP$713.6M$1.7B
Personal remittances received$3.5B$741.7M
Industry including construction value added, % of GDP31.5%56.1%
Agriculture, forestry and fishing value added, % of GDP18.3%2%
Charges for the use of intellectual property, payments BoP$700k$7.8M
Charges for the use of intellectual property, receipts BoPN/A$100k
Expense, % of GDP30.5%25.3%
Government Expenditure, % of GDP20%36.7%

Compare with countries close by GDP per capita

Ghana vs

CountryGDP
per capita
Population
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M

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