On this page you will find beneficial information regarding foreign direct investment in / trading with Iraq. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Federal Parliamentary Republic
Population: 43.53 million (2021)
GDP: 207.9 billion USD (2021)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 3% - 15%
Major Exports: Crude Petroleum ($72B), Refined Petroleum ($5.49B), Gold ($2.08B), Petroleum Coke ($542M), and Petroleum Gas ($157M), exporting mostly to India ($23.5B), China ($23.3B), Greece ($8.7B), South Korea ($4.67B), and Italy ($3.97B).
Major Imports: Refined Petroleum ($5.54B), Broadcasting Equipment ($3.11B), Cars ($2.22B), Jewellery ($2.21B), and Packaged Medicaments ($1.09B), importing mostly from United Arab Emirates ($14.3B), Turkey ($11.1B), China ($10.7B), India ($2.03B), and Germany ($1.06B).