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Iraq

 
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Iraq

ECONOMY

Gross Domestic Product (GDP): estimated at US$35 billion in 1986; in 1987 GDP estimated to have a 1.7 percent real growth rate, after negative growth rates 1981-86. Following outbreak of war with Iran in 1980, oil production decreased sharply.

Currency: 1,000 fils = 20 dirhams = 1 Iraqi dinar (ID). (For value of Iraqi dinar--see Glossary). Data on financial status of Iraq is meager because Central Bank of Iraq, which is main source of official statistics, has not released figures since 1977.

Oil Industry: Contribution to GDP in 1986 estimated at 37.5 percent. Production of crude oil averaged nearly 2.1 million barrels per day (bpd--see Glossary) in 1987; estimated at nearly 2.5 million bpd in 1988; oil exports in 1987 estimated at 1.7 million bpd; oil revenues in 1987 estimated at US$11.3 billion. Oil reserves in late 1987 calculated at 100 billion barrels definite and 40 billion additional barrels probable. Natural gas production in 1987 estimated at 7 million cubic meters; an estimated 5 million cubic meters burned off and remainder marketed. Natural gas reserves of nearly 850 billion cubic meters.

Manufacturing and Services: Contribution of services (including construction, estimated at 12 percent) to GDP in 1986 estimated at 49 percent; mining and manufacturing contributed about 6 percent. Government figures put value of industrial output in 1984 at almost ID2 billion (for value of Iraqi dinar-- see Glossary), up from about ID300 million in 1968. Principal industries nonmetallic minerals, textiles, food processing, light manufacturing, with combination of government and government and private-owned plants. Construction is estimated to employ about 20 percent of civilian and military labor force (because much construction is defense related, figures are lacking). Government figures showed 1984 industrial labor force at 170,000, with 80 percent of workers in state factories, 13 percent in private sector, and 7 percent in mixed sector.

Agriculture: Accounted for about 7.5 percent of GDP in 1986; employed about 33 percent of the labor force in 1987. Cereal production increased almost 80 percent between 1975 and 1985; wheat and barley main crops. Date production dropped sharply because of war damage to date palms.

Exports: About US$12 billion (including crude oil) in 1987. Crude oil, refined petroleum products, natural gas, chemical fertilizers, and dates were major commodities.

Imports: About US$7 billion in 1987. Government import statistics in 1984 showed 34.4 percent capital goods, 30 percent raw materials, 22.4 percent foodstuffs, and 12.5 percent consumer goods.

Major Trade Areas: Exports (in order of magnitude) in 1986 mainly to Brazil, Spain, and Japan. Imports (in order of magnitude) in 1986 mainly from Japan, Turkey, Federal Republic of Germany (West Germany), Italy, and Britain.

Data as of May 1988

 

Iraq - TABLE OF CONTENTS

Country Profile


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GENERAL FACTS & LINKS

Country name
Iraq
conventional long form
Republic of Iraq
conventional short form
Iraq
local long form
Al Jumhuriyah al Iraqiyah
local short form
Al Iraq

Area -
total: 437,072 sq km
land: 432,162 sq km
water: 4,910 sq km

Geographic Location - Middle East, bordering the Persian Gulf, between Iran and Kuwait

Map references - Middle East

Capital - Baghdad

Border Countries - Iran 1,458 km, Jordan 181 km, Kuwait 242 km, Saudi Arabia 814 km, Syria 605 km, Turkey 331 km

Major Cities - Baghdad

Independence -
3 October 1932 (from League of Nations mandate under British administration)

National holiday - Revolution Day, 17 July (1968)

ISD CODE
Iraq 964

Languages Spoken - Arabic (official) and Kurdish

Weather Forecast -  Baghdad  Mosul  Saddam Irq-Afb / Civ  Shaibah / Basrah

Major Airports - Baghdad

Ports - Umm Qasr, Khawr az Zubayr, and Al Basrah have limited functionality

Population -24,001,816 (July 2002 est.)

Religion - Muslim 97% (Shi'a 60%-65%, Sunni 32%-37%), Christian or other 3%

Nationality - Iraqi(s)

Currency - Iraqi dinar

Currency Code - IQD

National Bird - "Kew" (Chukar)

Lakes - Hammer

Rivers - Euphrates, Tigris

Terrain - Mostly broad plains; reedy marshes along Iranian border in south with large flooded areas; mountains along borders with Iran and Turkey

Climate - Mostly desert; mild to cool winters with dry, hot, cloudless summers; northern mountainous regions along Iranian and Turkish borders experience cold winters with occasionally heavy snows that melt in early spring, sometimes causing extensive flooding in central and southern Iraq

Geography - Strategic location on Shatt al Arab waterway and at the head of the Persian Gulf

Waterways - 1,015 km
note: Shatt al Arab is usually navigable by maritime traffic for about 130 km; channel has been dredged to 3 m and is in use; Tigris and Euphrates Rivers have navigable sections for shallow-draft boats; Shatt al Basrah canal was navigable by shallow-draft craft before closing in 1991 because of the Gulf war

Natural hazards - Dust storms, sandstorms, floods

Natural Resources - petroleum, natural gas, phosphates, sulphur


More Iraq related links from
1Up Info

 Iraq Country Facts

 Middle Eastern Political Geography

 Iraq Political Geography

 Middle Eastern Physical Geography

 Iraq Towns & Cities

 Iraq History


Iraq related links from
1Up Travel

 Iraq Country Guide

 Iraq Detailed Maps

 Iraq Flag

 More Iraqi Flags

 Iraq Geography

 Iraq Travel Warnings

 Iraq Cities Weather

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Information Courtesy: The Library of Congress - Country Studies


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