A specialized website expects an increase in the Iraqi GDP per capita
On Monday, Statista, a German website specializing in market and consumer data, predicted that the per capita GDP of Iraq will surpass six thousand dollars by the year 2028.
The per capita GDP of Iraq is expected to increase by 8.05% annually, reaching $6,678 in 2028 compared to $6,180 in 2023.
During the past 15 years, Iraq’s highest and lowest per capita gross product were $7,021 in 2013 and $3,701 in 2009 respectively, according to him.
This indicator describes the Gross Domestic Product (GDP) per capita at current prices. To calculate this, the GDP is first converted from the national currency to the US dollar at current exchange rates. Then, the resulting value is divided by the total population of the country to obtain the GDP per capita.
Gross Domestic Product (GDP) measures a country’s economic output by calculating the total value of goods and services produced within a specific time period, typically a year.
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