Iraq vs Liberia: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Liberia ranked 164th with $3.3B. By GDP 5-years average growth and GDP per capita, Iraq and Liberia ranked 85th vs 161st and 103rd vs 186th, respectively.

Gross Domestic Product & Income

StatIraqLiberia
GDP$224.2B$3.3B
GDP growth, 1 year0.6%1.2%
GDP growth, 5-years average3.1%0.6%
Population38.3M4.7M
GDP per capita$5.8k$677
GDP per capita growth-2.84%-1.23%
Purchasing Power Parity conversion factor395.510.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.52
GDP per capita, PPP adjusted$18k$1.4k
GNI, Atlas method$193.6B$2.9B
GNI per capita$5k$610
GNI, PPP adjusted$661.5B$5.5B
GNI per capita, PPP adjusted$17k$1.1k

Financial system and Human development

StatIraqLiberia
Income Tax Rate15%25%
Corporate Tax Rate15%25%
Inflation, consumer prices0.4%23.4%
Inflation, GDP deflator15.4%-1.9%
Unemployment7.9%2%
Economic Freedom Index2149
Personal Freedom Index3.216.1
Human Freedom Index4.286.6
Property Rights Index43.931.1
Judical Effectiveness Index11.237.9
Business Freedom Index52.648.2
Fiscal Health Index76.659.7
Labor Freedom Index44.838.2
Investment Freedom IndexN/A55
Financial Freedom IndexN/A20
Trade Freedom IndexN/A60.6
Monetary Freedom Index76.462.1
Government Spending Index59.565.5
Tax Burden IndexN/A86.1
Government Integrity Index20.823.8
Corruption Perceptions Index1832
Life expectancy at birth, years70.363.3
Suicide mortality rate, per 100,000 people36.8
Mortality caused by road traffic injury, per 100,000 people20.735.9
Intentional homicides, per 100,000 people9.93.2
International tourism, number of arrivals892kN/A

Government debt & reserves

StatIraqLiberia
Central government debt, % of GDP48.4%40.5%
External debt stocks, % of GNIN/A44.7%
External debt stocksN/A$1.3B
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary incomeN/A2.8%
Adjusted net savings including particulate emission damage, % of GNI-7%-99%
Gross savings, % of GDP20.1%-64.1%
Gross capital formation, % of GDP12.9%12.9%
Total reserves including gold$64.7B$560.3M
Foreign direct investment net inflows-$4.9B$129.1M

Exports, imports and economic structure

StatIraqLiberia
Exports of goods and services, % of GDP44%26%
Imports of goods and services, % of GDP35.9%94.3%
Current account balance (balance of payments)$34.4B-$674.1M
Revenue excluding grants, % of GDP26.3%15.7%
Grants excluding technical cooperation, BoP$1.7B$436.2M
Personal remittances received$741.7M$459.9M
Industry including construction value added, % of GDP56.1%12.5%
Agriculture, forestry and fishing value added, % of GDP2%37.3%
Charges for the use of intellectual property, payments BoP$7.8MN/A
Charges for the use of intellectual property, receipts BoP$100kN/A
Expense, % of GDP25.3%16.5%
Government Expenditure, % of GDP36.7%33.9%

Compare with countries close by GDP per capita

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

Liberia vs

CountryGDP
per capita
Population
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
Eritrea
$811
3.5M
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
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
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M