FEATURES OF THE IRAQI ECONOMY: COMPARTIVE STUDY TO SOME ECONOMIC ELEMENTS FOR THE YEARS (1990-1995-2000-2005-2010-2015-2019)

Abstract

Iraq is considered as a rich country with multiple natural resources, but wars and financial and political crises led to the destruction of the country's infrastructure and prevented the investment and distribution of those recourses in a fair and just ways, as Iraq is still suffering from unemployment, poverty and lack of essential services which have stopped the wheel of industry and agricultural lands receded significantly, so the country transformed into a consuming country depends only on neighboring countries and industrialized countries to secure its agricultural and industrial needs. The results of the study were shocking as the Iraqi government depends mainly on exporting of oil to cover its operational and investment expenses in more than (85%), and neglected the rest of the economic sectors. As for poverty, the percentage of those who fall below the poverty line (23%) as well as the unemployment rate that exceeded (23%). The country's debt has recently reached ($133) billion, and the latest reports by Transparency International organization considered Iraq as one of the worst (20) countries in terms of administrative and financial corruption. Keywords: Iraqi economy, unemployment, poverty, investment, industry, oil exporting.