Economics and statistics

Iraq is one of the most oil-dependent economies in the world: hydrocarbons form the lion's share of export revenues and budget revenues, and the trajectory of GDP is sensitive to world oil prices and production volumes.

At the same time, the government is increasing state investment in infrastructure and energy, which supports the growth of non-oil industries (construction, transport, services).

The labor market is characterized by a high share of the public sector and youth unemployment; informal employment and regional differences are noticeable (especially between Baghdad and Kurdistan).

Inflation is volatile, but has remained moderate in recent years, influenced by import prices, the dinar exchange rate and logistics.

The financial system is still more cash, but non-cash payments and digital services are gradually expanding.

For monitoring: GDP and its non-oil component, oil production (million barrels per day), average Brent price, budget balance, reserves, inflation, unemployment and FDI inflows.

These indicators determine consumer spending on leisure and the sustainability of domestic demand in general.