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

Stat	Iraq	Palestine
GDP	$224.2B	$14.6B
GDP growth, 1 year	0.6%	0.91%
GDP growth, 5-years average	3.1%	N/A
Population	38.3M	4.7M
GDP per capita	$5.8k	$3.2k
GDP per capita growth	-2.84%	-1.62%
Purchasing Power Parity conversion factor	395.51	2.23
Price level ratio of PPP conversion factor GDP to market exchange rate	0.33	0.62
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

Stat	Iraq	Palestine
Income Tax Rate	15%	N/A
Corporate Tax Rate	15%	N/A
Inflation, consumer prices	0.4%	-0.2%
Inflation, GDP deflator	15.4%	-0.1%
Unemployment	7.9%	26.3%
Economic Freedom Index	21	30
Personal Freedom Index	3.21	4.1
Human Freedom Index	4.28	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	18
Life expectancy at birth, years	70.3	73.7
Suicide mortality rate, per 100,000 people	3	4.3
Mortality caused by road traffic injury, per 100,000 people	20.7	19.5
Intentional homicides, per 100,000 people	9.9	0.7
International tourism, number of arrivals	892k	606k

Government debt & reserves

Stat	Iraq	Palestine
Central government debt, % of GDP	48.4%	N/A
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%	12.6%
Gross capital formation, % of GDP	12.9%	24.2%
Total reserves including gold	$64.7B	$537.8M
Foreign direct investment net inflows	-$4.9B	$262.5M

Exports, imports and economic structure

Stat	Iraq	Palestine
Exports of goods and services, % of GDP	44%	19.9%
Imports of goods and services, % of GDP	35.9%	59.7%
Current account balance (balance of payments)	$34.4B	-$1.7B
Revenue excluding grants, % of GDP	26.3%	6.9%
Grants excluding technical cooperation, BoP	$1.7B	$2.1B
Personal remittances received	$741.7M	$2.5B
Industry including construction value added, % of GDP	56.1%	19.6%
Agriculture, forestry and fishing value added, % of GDP	2%	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 GDP	25.3%	8.3%
Government Expenditure, % of GDP	36.7%	N/A