Economic Insights – Baghdad
Recent projections from a German market research platform indicate that by 2025, the per capita share of GDP in Iraq is expected to reach $6,000 annually.
According to a report, the Iraqi individual’s share of GDP is anticipated to continue its upward trend, increasing by $971, which represents a growth of 13.93% between 2025 and 2029.
By 2029, the per capita GDP is projected to rise for the sixth consecutive year, ultimately reaching $6,971.
The report noted that the highest individual share of the gross product in Iraq over the last decade was recorded in 2022, with an amount of $6,818, while the lowest was in 2014, at $4,656.
This indicator reflects the gross domestic product per individual at current prices, calculated by converting the national currency to US dollars based on prevailing exchange rates and subsequently dividing by the total population.
Gross domestic product serves as a vital measure of national productivity, representing the total value of goods and services produced within a specific timeframe.
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