Iraq vs the Palestine: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while the Palestine ranked 125th with $14.6B. By GDP per capita, Iraq and the Palestine ranked 103rd vs 132nd, respectively.

Gross Domestic Product & Income

StatIraqPalestine
GDP$224.2B$14.6B
GDP growth, 1 year0.6%0.91%
GDP growth, 5-years average3.1%N/A
Population38.3M4.7M
GDP per capita$5.8k$3.2k
GDP per capita growth-2.84%-1.62%
Purchasing Power Parity conversion factor395.512.23
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.62
GDP per capita, PPP adjusted$18k$5.2k
GNI, Atlas method$193.6B$17B
GNI per capita$5k$3.7k
GNI, PPP adjusted$661.5B$27.4B
GNI per capita, PPP adjusted$17k$6k

Financial system and Human development

StatIraqPalestine
Income Tax Rate15%N/A
Corporate Tax Rate15%N/A
Inflation, consumer prices0.4%-0.2%
Inflation, GDP deflator15.4%-0.1%
Unemployment7.9%26.3%
Economic Freedom Index2130
Personal Freedom Index3.214.1
Human Freedom Index4.284
Property Rights Index43.9N/A
Judical Effectiveness Index11.2N/A
Business Freedom Index52.6N/A
Fiscal Health Index76.6N/A
Labor Freedom Index44.8N/A
Investment Freedom IndexN/AN/A
Financial Freedom IndexN/AN/A
Trade Freedom IndexN/AN/A
Monetary Freedom Index76.4N/A
Government Spending Index59.5N/A
Tax Burden IndexN/AN/A
Government Integrity Index20.8N/A
Corruption Perceptions Index1818
Life expectancy at birth, years70.373.7
Suicide mortality rate, per 100,000 people34.3
Mortality caused by road traffic injury, per 100,000 people20.719.5
Intentional homicides, per 100,000 people9.90.7
International tourism, number of arrivals892k606k

Government debt & reserves

StatIraqPalestine
Central government debt, % of GDP48.4%N/A
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%N/A
Gross savings, % of GDP20.1%12.6%
Gross capital formation, % of GDP12.9%24.2%
Total reserves including gold$64.7B$537.8M
Foreign direct investment net inflows-$4.9B$262.5M

Exports, imports and economic structure

StatIraqPalestine
Exports of goods and services, % of GDP44%19.9%
Imports of goods and services, % of GDP35.9%59.7%
Current account balance (balance of payments)$34.4B-$1.7B
Revenue excluding grants, % of GDP26.3%6.9%
Grants excluding technical cooperation, BoP$1.7B$2.1B
Personal remittances received$741.7M$2.5B
Industry including construction value added, % of GDP56.1%19.6%
Agriculture, forestry and fishing value added, % of GDP2%3.2%
Charges for the use of intellectual property, payments BoP$7.8M$1.4M
Charges for the use of intellectual property, receipts BoP$100k$1.6k
Expense, % of GDP25.3%8.3%
Government Expenditure, % of GDP36.7%N/A

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

Palestine vs

CountryGDP
per capita
Population
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
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
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M