Republic of Iraq

Capital: Baghdad

HDI: 0.654 (121st)

Language: Arabic, Kurdish

GDP (PPP): $522.700 billion

Currency: Iraqi Dinar

Population: 37,056,739

The Republic of Iraq (is a country in Western Asia. The country is bordered by Turkey to the north, Iran to the east, Kuwait to the southeast, Saudi Arabia to the south, Jordan to the southwest, and Syria to the west. The southern part of Iraq is within the Arabian Peninsula. The capital, Baghdad, is in the centre of the country and its largest city. The largest ethnic groups in Iraq are Arabs and Kurds. During 2015, worsening security and financial stability throughout Iraq – driven by an ongoing insurgency, decreasing oil prices, and political upheaval – decreased the prospects for improving the country’s economic environment and securing much-needed foreign investment. Long-term fiscal health, a strengthened investment climate, and sustained improvements in the overall standard of living still depend on a rebound in global oil prices, the central government passing major policy reforms, and finishing the conflict with ISIL.





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