Quick Answer: What is the average income of a person who lives in Iraq?

What is the average salary of a person in Iraq?

The average salary for jobs in Iraq is 19,564,207 د. ع. ‏ (IQD) per year or an hourly rate of 9,406 د. ع.

Is Iraq a rich country?

Iraq is one of the most oil-rich countries in the world. The country holding the fifth largest proven crude oil reserves, totalling 147.22 billion barrels at the end of 2017.

What is the poverty rate in Iraq?

A ministry’s latest research, in cooperation with the World Bank, showed that the poverty rate in Iraq reached 24.8 percent of the population in the second half of 2020, down from 31.7 percent in the first half of the year due to the impacts of coronavirus pandemic, the ministry spokesman Abdul-Zahara al-Hindawi told …

Is Iraq considered a low income country?

Lower middle income – 51 Countries. Upper middle income – 53 Countries. High income: nonOECD – 48 Countries. High income: OECD – 32 Countries.

Country Income Groups (World Bank Classification)

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Afghanistan Low income
Iraq Upper middle income
Ireland High income: OECD
Isle of Man High income: nonOECD
Israel High income: OECD

What is the highest paying job in Iraq?

Top Iraq Salaries – By Job

The highest paid Iraq are Engineering professionals at $134,000 annually. The lowest paid Iraq are Sales & Business Development professionals at $45,000.

What is the minimum wage in Iraq?

What is the Iraq Minimum Wage? Iraq’s Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid. Iraq’s minimum wage rate is250,000 Iraqi dinars ($214) per month.

Is Iraq richer than India?

Iraq has a GDP per capita of $16,700 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.

Which is the poorest country in the world 2021?

The world has enough wealth and resources to ensure that the entire human race enjoys a basic standard of living. Yet people in countries like Burundi, South Sudan and Somalia—the three poorest in the world—continue to live in desperate poverty.

Is Iraq a safe country?

OVERALL RISK : HIGH. Generally, Iraq isn’t a safe country to visit, because of its complicated political situation and turmoil that took over the country and its neighbors. It is strongly recommended that you do not travel to Iraq at this time.

What is the main source of income in Iraq?

Iraq’s state-dominated economy is led by the oil sector, which provides approximately 85 percent of government revenue. The war against the Islamic State imposed a high cost on the economy, which also has been hurt by rampant corruption, sluggish oil prices, and war-related damage to infrastructure.

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Which currency is used in Iraq?

The Iraqi dinar is divided into 20 dirhams and is the equivalent of 1,000 fils. The Central Bank of Iraq has the sole authority to issue banknotes and coins in Iraq. Banknotes are issued in denominations ranging from 250 to 50,000 dinars.

Is there famine in Iraq?

The report of the World Food Programme confirms that Iraq is among the seven most hunger-stricken countries in the world.

Is Iraq an upper middle income?

The World Bank classifies the world’s economies into four income groups — high, upper-middle, lower-middle, and low.

World Bank: Iraq is one of the economies with upper middle income.

Group Since July 1, 2020 (new)
High income > 12,535

What is the unemployment rate in Iraq?

Iraq: Unemployment rate from 1999 to 2020

Characteristic Unemployment rate
2020 13.74%
2019 12.76%
2018 12.87%
2017 13.02%

What is the literacy rate of Iraq?

Iraq – Adult (15+) literacy rate

Iraq adult literacy rate was at level of 85.6 % in 2017, up from 83.3 % previous year.