Iraq vs North Macedonia: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Iraq and North Macedonia ranked 85th vs 110th and 103rd vs 100th, respectively.

Gross Domestic Product & Income

StatIraqNorth Macedonia
GDP$224.2B$12.7B
GDP growth, 1 year0.6%2.7%
GDP growth, 5-years average3.1%2.6%
Population38.3M2.1M
GDP per capita$5.8k$6.1k
GDP per capita growth-2.84%2.62%
Purchasing Power Parity conversion factor395.5119.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.37
GDP per capita, PPP adjusted$18k$16k
GNI, Atlas method$193.6B$11.4B
GNI per capita$5k$5.5k
GNI, PPP adjusted$661.5B$32.6B
GNI per capita, PPP adjusted$17k$16k

Financial system and Human development

StatIraqNorth Macedonia
Income Tax Rate15%10%
Corporate Tax Rate15%10%
Inflation, consumer prices0.4%1.5%
Inflation, GDP deflator15.4%4.3%
Unemployment7.9%21.6%
Economic Freedom Index2169.5
Personal Freedom Index3.218.17
Human Freedom Index4.287.55
Property Rights Index43.962.5
Judical Effectiveness Index11.242.7
Business Freedom Index52.680.6
Fiscal Health Index76.687.7
Labor Freedom Index44.867
Investment Freedom IndexN/A65
Financial Freedom IndexN/A60
Trade Freedom IndexN/A86.2
Monetary Freedom Index76.477.7
Government Spending Index59.571
Tax Burden IndexN/A91.5
Government Integrity Index20.842.2
Corruption Perceptions Index1837
Life expectancy at birth, years70.375.6
Suicide mortality rate, per 100,000 people37.9
Mortality caused by road traffic injury, per 100,000 people20.76.4
Intentional homicides, per 100,000 people9.91.5
International tourism, number of arrivals892k707k

Government debt & reserves

StatIraqNorth Macedonia
Central government debt, % of GDP48.4%39.5%
External debt stocks, % of GNIN/A72%
External debt stocksN/A$8.7B
Short-term debt, % of total reservesN/A40.9%
Total debt service, % of exports and primary incomeN/A16.6%
Adjusted net savings including particulate emission damage, % of GNI-7%15.4%
Gross savings, % of GDP20.1%33%
Gross capital formation, % of GDP12.9%33%
Total reserves including gold$64.7B$3.3B
Foreign direct investment net inflows-$4.9B$648.7M

Exports, imports and economic structure

StatIraqNorth Macedonia
Exports of goods and services, % of GDP44%60.3%
Imports of goods and services, % of GDP35.9%72.9%
Current account balance (balance of payments)$34.4B-$25.6M
Revenue excluding grants, % of GDP26.3%26.8%
Grants excluding technical cooperation, BoP$1.7B$133.8M
Personal remittances received$741.7M$344.5M
Industry including construction value added, % of GDP56.1%23.6%
Agriculture, forestry and fishing value added, % of GDP2%7.2%
Charges for the use of intellectual property, payments BoP$7.8M$188.8M
Charges for the use of intellectual property, receipts BoP$100k$11.8M
Expense, % of GDP25.3%27.9%
Government Expenditure, % of GDP36.7%31.1%

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
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
Algeria
$4.1k
41.3M

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
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
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