Iraq Economy Iraqi economy seeks to exit quickly from the tunnel of war

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0 Iraqi economy seeks to exit quickly from the tunnel of war

Posted By Eman On March 10, 2013 @ 15:28 In Economics

 

(CNN) - commemorates the world in the twentieth of March / March, the ten-year anniversary of the start of the war on Iraq and the introduction of democracy and destroy dictatorships in this country, which sits on one of the largest oil reserves in the world

 

But is the impact of this big change in the political structure of the state positively on the economy?

 

According to what he sees as observers, the most prominent indicators of the Iraqi economy is the oil sector, which is the only reason for the resilience of its economy somewhat so far, and after looking at other economic sectors with modest contribution, which is almost negligible.

 

By focusing on the oil sector, central bank figures show that the volume of Iraqi revenues recorded in 2003 is equal to 4.596 trillion Iraqi dinars (U.S. dollar equals 1163 dinars) the size of the contribution of the oil sector where 4096 billion dinars.

 

The data indicate the Iraqi Central to that after ten years of war and continuous attempts to promote the local economy, the contribution of the oil sector amounted to 98.1 percent of public revenues, of $ 100 trillion dinars, and supported so only on oil prices, which jumped from $ 30 a barrel in 2003 to $ 103 in 2011, which shows the extent to which other economic sectors are marginal.

 

Observers believe that after this Alrphi big oil and support of the Iraqi economy, but we do not see that reflected in the rates of poverty or unemployment, which rises pace volatile since she was 28 per cent in 2003, but there are no official figures indicate the current proportions.

 

As for some other economic indicators, indicate numbers CBI to slight growth in the contribution of the agricultural sector in the GDP of the country, does not exceed ten per cent, along with modest growth last in the industrial sector, in the time I arrived the rate of inflation to 3.61 per cent during the year 2012.

 

In this regard says economic analyst Iraqi, Irfan Hassan, "The numbers and the official statistics and international indicate clearly on the deteriorating economic situation in Iraq, both in terms of GDP, or at the level affixed to Iraq for a list of Transparency International, as one the most prevalent corruption. "

Hassan adds, in his remarks to CNN Arabic website, "One of the greatest signs highly visible deterioration of the living standards of Iraqis .

 

Which is not logical for a country that has the second largest oil reserves, and includes the Tigris and Euphrates rivers, as well as many of the good things of local resources. "

 

And linking Iraqi analyst this deterioration Baldfah the state's political, pointing out that "resources alone are not enough, but there must be a political base stable based upon the economy, as the legacy of the war on Iraq left dredge sectarian violated row Iraqis, which their job for building state institutions, and re- restructuring of the country's infrastructure, all in a while plundering the resources of this country, not only of its oil resources, but human resources alike. "

 

On the other hand, observers contend that the Iraqi economy managed to achieve something good in view of the exceptional circumstances experienced by the country, and that the numbers currently registered are considered excellent for the time being, as the outlook clearly indicate that the Iraqi economy will take a leading position among the region's economies.

Observers agree that the main solutions to drive economic growth in the country is to strengthen the security and internal political stability, and then the economic infrastructure

 

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