Iraq vs Palau: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, Iraq and Palau ranked 103rd vs 60th, respectively.

Gross Domestic Product & Income

Stat	Iraq	Palau
GDP	$224.2B	$284M
GDP growth, 1 year	0.6%	1.71%
GDP growth, 5-years average	3.1%	N/A
Population	38.3M	22k
GDP per capita	$5.8k	$16k
GDP per capita growth	-2.84%	1.14%
Purchasing Power Parity conversion factor	395.51	0.86
Price level ratio of PPP conversion factor GDP to market exchange rate	0.33	0.86
GDP per capita, PPP adjusted	$18k	$19k
GNI, Atlas method	$193.6B	$309.4M
GNI per capita	$5k	$17k
GNI, PPP adjusted	$661.5B	$349.4M
GNI per capita, PPP adjusted	$17k	$20k

Financial system and Human development

Stat	Iraq	Palau
Income Tax Rate	15%	N/A
Corporate Tax Rate	15%	N/A
Inflation, consumer prices	0.4%	1.3%
Inflation, GDP deflator	15.4%	-2.5%
Unemployment	7.9%	1.4%
Economic Freedom Index	21	62
Personal Freedom Index	3.21	6.4
Human Freedom Index	4.28	6.4
Property Rights Index	43.9	N/A
Judical Effectiveness Index	11.2	N/A
Business Freedom Index	52.6	N/A
Fiscal Health Index	76.6	N/A
Labor Freedom Index	44.8	N/A
Investment Freedom Index	N/A	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	76.4	N/A
Government Spending Index	59.5	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	20.8	N/A
Corruption Perceptions Index	18	49
Life expectancy at birth, years	70.3	69.1
Suicide mortality rate, per 100,000 people	3	21.7
Mortality caused by road traffic injury, per 100,000 people	20.7	4.8
Intentional homicides, per 100,000 people	9.9	3.1
International tourism, number of arrivals	892k	106k

Government debt & reserves

Stat	Iraq	Palau
Central government debt, % of GDP	48.4%	67.5%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	-7%	N/A
Gross savings, % of GDP	20.1%	10.7%
Gross capital formation, % of GDP	12.9%	26.7%
Total reserves including gold	$64.7B	N/A
Foreign direct investment net inflows	-$4.9B	$21.5M

Exports, imports and economic structure

Stat	Iraq	Palau
Exports of goods and services, % of GDP	44%	47%
Imports of goods and services, % of GDP	35.9%	76.3%
Current account balance (balance of payments)	$34.4B	-$51.8M
Revenue excluding grants, % of GDP	26.3%	27.3%
Grants excluding technical cooperation, BoP	$1.7B	$81.2M
Personal remittances received	$741.7M	$2.2M
Industry including construction value added, % of GDP	56.1%	8%
Agriculture, forestry and fishing value added, % of GDP	2%	3.2%
Charges for the use of intellectual property, payments BoP	$7.8M	N/A
Charges for the use of intellectual property, receipts BoP	$100k	N/A
Expense, % of GDP	25.3%	41.4%
Government Expenditure, % of GDP	36.7%	N/A