Market Research In Iraq

Iraq Profile:

  • Iraq, officially known as the Republic of Iraq is a country in Western Asia and is composed of nineteen governorates.
  • Iraq ranks third in the world behind Venezuela and Saudi Arabia in the amount of oil reserves. Transparency International ranks Iraq’s government as the eighth-most-corrupt government in the world.
  • Iraq is a founding member of the UN as well as of the Arab League, OIC, Non-Aligned Movement and the IMF.
  • Encouraging private enterprise through deregulation would make it easier for Iraqi citizens and foreign investors to start new businesses.
  • Iraqi leaders remain hard-pressed to translate macroeconomic gains into an improved standard of living for the Iraqi populace

Iraq Economy:

  • Iraq’s largely state-run economy is dominated by the oil sector, which provides more than 90% of government revenue and 80% of foreign exchange earnings.
  • Public sector employment accounted for nearly 60% of full-time employment in 2011. Currently only a modest percentage of women (the highest estimate for 2011 was 22%) participate in the labour force.
  • The lack of development in other sectors has resulted in 18%–30% unemployed and a depressed per capita GDP of $4,000.
  • The Government of Iraq is eager to attract additional foreign direct investment, but it faces a number of obstacles, including a tenuous political system and concerns about security and societal stability.
  • Rampant corruption, outdated infrastructure, insufficient essential services, skilled labour shortages, and antiquated commercial laws stifle investment and continue to constrain growth of private, nonoil sectors

Iraq Facts:

  • Population: 39.2 million
  • Capital: Baghdad
  • Largest city: Baghdad
  • Area: 438,317 sq km
  • Major language: Arabic (official), Kurdish (official), Turkmen, Syriac (Neo-Aramaic) and Armenian
  • Major religion: Muslim (official) 95 – 98%, Christian 1, other 1 – 4%
  • Life expectancy: 72.6 years (Male), 77.2 years (Female)
  • Monetary unit: 1 Iraqi Dinar (ID, IQD) = 1,000 Fils
  • Main exports: Crude oil 99%, crude materials excluding fuels, food, live animals
  • GNI per Capita: $17,240

Our Market Research Services in Iraq:

We Employ A Wide Range of Research Techniques in Iraq:

How Can We Help You?

Contact us at Global Vox Populi and submit a business inquiry online.

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