Iraq vs Oman: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Oman ranked 69th with $79.3B. By GDP 5-years average growth and GDP per capita, Iraq and Oman ranked 85th vs 114th and 103rd vs 56th, respectively.

Gross Domestic Product & Income

StatIraqOman
GDP$224.2B$79.3B
GDP growth, 1 year0.6%2.1%
GDP growth, 5-years average3.1%2.4%
Population38.3M4.8M
GDP per capita$5.8k$16k
GDP per capita growth-2.84%-1.68%
Purchasing Power Parity conversion factor395.510.15
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.39
GDP per capita, PPP adjusted$18k$47k
GNI, Atlas method$193.6B$73.1B
GNI per capita$5k$15k
GNI, PPP adjusted$661.5B$201.3B
GNI per capita, PPP adjusted$17k$42k

Financial system and Human development

StatIraqOman
Income Tax Rate15%0%
Corporate Tax Rate15%12%
Inflation, consumer prices0.4%0.9%
Inflation, GDP deflator15.4%10.3%
Unemployment7.9%3.1%
Economic Freedom Index2163.6
Personal Freedom Index3.215.55
Human Freedom Index4.286.3
Property Rights Index43.966.4
Judical Effectiveness Index11.266.2
Business Freedom Index52.674.6
Fiscal Health Index76.614.8
Labor Freedom Index44.856.9
Investment Freedom IndexN/A65
Financial Freedom IndexN/A60
Trade Freedom IndexN/A81.6
Monetary Freedom Index76.478.4
Government Spending Index59.536.2
Tax Burden IndexN/A98.4
Government Integrity Index20.864.6
Corruption Perceptions Index1852
Life expectancy at birth, years70.377.4
Suicide mortality rate, per 100,000 people33.9
Mortality caused by road traffic injury, per 100,000 people20.716.1
Intentional homicides, per 100,000 people9.90.5
International tourism, number of arrivals892k2.3M

Government debt & reserves

StatIraqOman
Central government debt, % of GDP48.4%50.9%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI-7%-11.3%
Gross savings, % of GDP20.1%23.9%
Gross capital formation, % of GDP12.9%23.2%
Total reserves including gold$64.7B$17.4B
Foreign direct investment net inflows-$4.9B$6.3B

Exports, imports and economic structure

StatIraqOman
Exports of goods and services, % of GDP44%58.3%
Imports of goods and services, % of GDP35.9%44.5%
Current account balance (balance of payments)$34.4B-$4.3B
Revenue excluding grants, % of GDP26.3%N/A
Grants excluding technical cooperation, BoP$1.7B$17M
Personal remittances received$741.7M$39M
Industry including construction value added, % of GDP56.1%46.8%
Agriculture, forestry and fishing value added, % of GDP2%2.2%
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%N/A
Government Expenditure, % of GDP36.7%46.1%

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
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

Oman vs

CountryGDP
per capita
Population
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k