Gross Domestic Product Per Capita for Iraq
PCAGDPIQA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,073.61
Year-over-Year Change
-6.24%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Iraq measures the total economic output of the country divided by its population. This metric is a key indicator of a country's economic development and standard of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a widely used statistic that provides insight into a nation's economic productivity and the material well-being of its citizens. It is an important data point for economists, policymakers, and international organizations assessing Iraq's economic progress and comparing it to other countries.
Methodology
The data is calculated by the World Bank by dividing Iraq's GDP by its total population.
Historical Context
GDP per capita is a crucial metric for evaluating economic policies and informing investment decisions in Iraq's markets.
Key Facts
- Iraq's GDP per capita was $5,301 in 2021.
- GDP per capita in Iraq has grown by over 60% since 2010.
- Iraq ranks 94th globally in GDP per capita as of 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for Iraq measures the total economic output of the country divided by its population. It is a key indicator of Iraq's economic development and standard of living.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used statistic that provides insight into a nation's economic productivity and the material well-being of its citizens. It is an important data point for economists, policymakers, and international organizations assessing Iraq's economic progress and comparing it to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank by dividing Iraq's GDP by its total population.
Q: How is this trend used in economic policy?
A: GDP per capita is a crucial metric for evaluating economic policies and informing investment decisions in Iraq's markets.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay of up to a year before the most recent figures are available.
Related Trends
People 15 Years and Over Saving at a Financial Institution in the Past Year for Iraq
DDAI06IQA156NWDB
Loans from Non-Resident Banks, Net, to GDP for Iraq
DDOI08IQA156NWDB
Central Bank Assets to GDP for Iraq
DDDI06IQA156NWDB
Number of Identified Exporters to Iraq from Vermont
VTIRQA475SCEN
Private Credit by Deposit Money Banks to GDP for Iraq
DDDI01IQA156NWDB
Fertility Rate, Total for Iraq
SPDYNTFRTINIRQ
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Iraq (PCAGDPIQA646NWDB), retrieved from FRED.