9.2 GDP of Iraq and its unique sectorial makeup 

9.2 GDP of Iraq and its unique sectorial makeup 

All sectors that make up Iraq’s GDP: 

Predominant sectors historically included oil and gas (major contributor), followed by agriculture, manufacturing, and services.

Less predominant sectors might include construction, mining, and others.

Total GDP: 

Total GDP:  The GDP might have been dominated by the oil industry, contributing significantly to the overall GDP. Total GDP of Iraq is $ 297.695 billion. 

Primary industry share of the total GDP:   Sectors contributing to Primary Industry: Agriculture, mining, fishing. Share of agriculture is 6.1% in 2021.

Secondary industry share of the total GDP:  Sectors contributing to Secondary Industry: Manufacturing, construction. Share of industry is 44.4% in 2021.

Tertiary industry share of the total GDP: Sectors contributing to Tertiary Industry: Services, tourism, finance. Share of services is 50.8%in 2021.

GDP growth rate – YOY

Total GDP growth rate:   Iraq’s GDP grew at a rate of 7.01% in 2022, up 5.43% from 2021.

 The primary, secondary, and tertiary industry growth rates in Iraq have made a substantial contribution to the economic development of the nation. These industries have consistently grown, despite the fact that exact numbers change every year, reflecting the changing economic climate of the country.