All Middle East markets
Iraq
OPEC's second-largest producer, directing oil revenues into reconstruction, power and the Development Road transport corridor.
Population
≈46 million (2024)
GDP (nominal)
≈US$255 billion (2024)
Real growth
Non-oil ≈5% (2024)
Capital
Baghdad
Currency
Iraqi dinar (IQD)
Economy & outlook
Visit the investment authority
Iraq
OPEC's second-largest producer; oil funds the budget while reconstruction, housing, power and water create large project demand.
The Development Road corridor, gas-capture projects and a growing PPP agenda are opening opportunities; the NIC issues licenses with land and tax incentives.
Focus sectors
Oil & gas · reconstruction & housing · power · transport corridors
Global rankings
- B− — S&P sovereign credit rating (2025)
Rankings as published by each institution; positions change annually — verify before formal use.
Sources: World Bank · IMF · National Investment Commission
