Iraq is an oil-rich, upper-middle-income country with significant potential, but its wealth distribution is uneven; its economy relies heavily on oil, making it one of the largest in the Arab world by total GDP, yet struggles with poverty and governance issues affecting individual prosperity, ranking lower on human development metrics despite its resources. Its GDP (PPP) is projected to be around $690 billion in 2025, but GDP per capita sits around $5,900-$15,000, indicating significant wealth disparities.
The IFAD has classified Iraq as an oil-rich upper middle income country. In 2025, the economy is estimated to be at $690 billion (GDP PPP). making it as the fifth largest economy in the Arab world, seventh largest in the Middle East and North Africa and world's 51st largest.
Nadhmi Auchi. Nadhmi Shakir Auchi, KSS (Arabic: نظمي أوجي; born 11 June 1937) is a British-Iraqi businessman and billionaire, founding president of the Anglo Arab Organisation, and the founder and chairman of General Mediterranean Holding (GMH), a conglomerate of 120 companies worldwide.
Do not travel to Iraq due to terrorism, kidnapping, armed conflict, civil unrest, and the U.S. government's limited ability to provide emergency services to U.S. citizens in Iraq. Do not travel to Iraq for any reason. Country Summary: U.S. citizens in Iraq face high risks, including violence and kidnapping.
As of the latest available data, the average monthly salary in Iraq is estimated to be around $500 to $600 USD. It is important to note that this figure can be somewhat misleading as it does not account for the large disparities within the labor market.
The French Center for Research on Iraq reported on May 12, 2024, that the country is home to 36 billionaires, each with a net worth exceeding $1 billion and 16,000 millionaires, each possessing over $1 million.
4. The Top 5 Countries in the Middle East with the Highest Salaries in 2025
Iraq is the birthplace of many significant historical achievements that affect life around the world today, from the earliest known writing system and innovations in irrigation to important agricultural developments like the first wheel and the first seed plow to significant scientific achievements like the division of ...
Red Zone was a term in use during the occupation of Iraq designating unsafe areas in Iraq after the 2003 invasion by the United States, United Kingdom, and other allies. It is contrasted with the high-security sector of Baghdad called the Green Zone.
These are the top 15 safest countries in the world, according to Berkshire Hathaway.
Nemir Kirdar, an Iraqi expatriate and Middle East financier who founded a private equity firm that once owned Tiffany and Co., Saks Fifth Avenue, Gucci and other Western retail trophies, died on June 8 at his home in Cap D'Antibes in the south of France. He was 83.
A federal parliamentary republic, Iraq is considered an emerging middle power. It is home to a diverse population, geography and wildlife.
No, “The Richest Man in Babylon” is a fictional tale that imparts valuable financial wisdom through its engaging narrative. While it may not be based on real events, the lessons and principles it presents are timeless and applicable to anyone seeking financial success.
South Sudan is widely considered the poorest country in the world in 2025-2026, consistently ranking first due to extremely low GDP per capita and a high percentage (over 80%) of its population living in extreme poverty, driven by prolonged civil conflict, displacement, and disruption of its agricultural economy. Other nations frequently cited as among the poorest include Burundi, the Central African Republic, and Yemen, also suffering from conflict and instability.
While the field is owned by the state-owned Basra Oil Company, until June 2022 the field's official operator was the Rumaila Operating Organisation (ROO).
1. Qatar. At number one is Qatar, which leads in per capita prosperity in the Arab world. In the IMF's World Economic Outlook mapping (April 2025), Qatar's GDP per capita (PPP) is USD 121,610 (121.61 thousand).
Several countries have long-standing airspace warnings advising against operating in Iraqi airspace at the lower flight levels. The primary risk is intentional targeting by terrorist organisations who possess portable anti-aircraft weaponry.
Iraq, country of southwestern Asia. During ancient times, lands that now constitute Iraq were known as Mesopotamia (“Land Between the Rivers”), a region whose extensive alluvial plains gave rise to some of the world's earliest civilizations, including those of Sumer, Akkad, Babylon, and Assyria.
According to the Middle East Monitor (which is decent when looking at that part of the world) – they say… “In 2022 and 2023, Iraq recorded the highest murder rate in the Arab world, with an annual rate of more than 11.5 deaths per 100,000 people.” So going with the 11.5 per 100,000…
In Iraq, life expectancy at birth (years) has improved by ▲ 1.98 years from 69.5 [68.7 - 70.4] years in 2000 to 71.5 [70.9 - 72.2] years in 2021.
Iraq is home to many religious cities important for both Shia and Sunni Muslims. Baghdad was a hub of Islamic learning and scholarship for centuries and served as the capital of the Abbasids. Baghdad also is home to two prominent Shia Imams in what is known as Kadhimiya, Iraq.
U.S.-Iraq Relations
Iraq is now a key partner for the United States in the region as well as a voice of moderation and democracy in the Middle East. Iraq benefits from functioning government institutions, including an active legislature, and plays an increasingly constructive role in the region.
According to the 2025 Global Peace Index of the Institute for Economics and Peace (IEP), the seven countries had varying degrees of success in maintaining peace amongst their respective borders, with Qatar ranked number first amongst its regional peers as the most peaceful regional and Middle Eastern nation (and 27th ...
Top 10 In-Demand Jobs in KSA (2026)
Switzerland tops the list of countries with the highest monthly salaries in 2025, offering an impressive average of USD 8,247. Luxembourg follows in second place with USD 6,764, driven by its strong financial sector and high standard of living.