

Capital: Baghdad
27.1 million inhabitants
3% growth
High unemployment, severe poverty
GDP: US$51 billion, real growth: 3%
GDP per capita: US$1,771
Weak economy, overdependent on oil. Strong need for reforms.
Difficult reconstruction with few large-scale plans. Investments in airports’ developments.
Retail scene suffered from S.Hussein’s ban of most branded goods. Slowly opening despite insecurity and fragmentation of players. Important grey market.