Iraq
159 / 193
Iraq is ranked 159 out of 193 countries, based on 25 indicators
Iraq in the Lead 👑
Iraq is the best in the world in 2 indicators
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💵 Minimal Interest Payments
Interest payments represented just 0.58% of revenue and 0.82% of expenses in 2019, indicating low financial burdens from interest.
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⛽ Fuel Dominates Export Portfolio
In 2016, fuel exports constituted 99.99% of Iraq's merchandise exports, showcasing the country's heavy reliance on the oil sector for economic activity.
Iraq Following Behind 😭
Iraq ranks last in the world on 12 indicators
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🏢 Low Business Insolvency Scores
Iraq scored 6.74 in overall business insolvency and 20.22 in quality of regulations for judicial insolvency proceedings in 2024, highlighting regulatory challenges.
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🔌 Most Power Lost in Transmission
In 2022, Iraq experienced the highest electric power transmission and distribution losses in the world, with 59.25% of its output lost. This highlights significant inefficiencies in the country's power infrastructure.
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🎁 High Gift Expectations in Tax Meetings
In 2022, 51.2% of firms in Iraq reported expectations to give gifts during meetings with tax officials, indicating a prevalent culture of informal payments in the business environment.
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💸 Negative Financial Flows
In 2022, Iraq experienced a net financial outflow of $293 million from IMF concessional sources, indicating financial challenges. Additionally, in 2021, the country saw a negative flow of $108,770 from UN agencies.
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🏦 Limited Bank Financing for Firms
In 2022, only 2.1% of firms used banks for working capital, and 0.9% for investment, indicating limited access to bank financing.
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👩💼 Low Female Participation in Business
In 2022, only 1.6% of firms had female top managers, and 3.8% had female ownership, indicating significant gender disparities in business leadership.
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📦 Minimal High-Tech Exports
In 2022, medium and high-tech exports constituted only 0.037% of manufactured exports, indicating a need for technological advancement.
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👩🎓 Low Female Youth Employment
In 2021, the employment to population ratio for females aged 15-24 was just 2.58%, highlighting challenges in youth employment.
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💰 Grants and Other Revenue Dominate
In 2019, grants and other revenue sources made up 96.52% of Iraq's total revenue, indicating a strong dependence on external financial support and non-tax revenue streams.
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📉 High Liability Incurrence
In 2019, Iraq's net incurrence of liabilities reached a staggering -1,017 trillion LCU, highlighting significant debt challenges.
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🛡️ Low Social Contributions
Social contributions accounted for a mere 0.00045% of revenue in 2019, indicating limited social safety nets.
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💰 Low Tax Revenue from Goods and Services
In 2019, taxes on goods and services contributed only 0.35% to revenue, reflecting inefficiencies in tax collection.
