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Report: The local purchasing power in Baghdad is 9.21% lower than Erbil


yota691
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The cost of living in the UAE is higher than in Iraq, especially for housing, according to a report published on the Numbio website on the standard of living of the world.

According to the latest update in July, "the cost of living in the UAE is 59.28% higher than in Iraq for all cities," noting that "this proportion did not take into account the cost of rent." 

The report added that " the average cost of rent in the UAE more by 305.84% than in Iraq , " noting that " the cost of living index in Dubai higher by 54.31% than in Baghdad , and that the cost of living index of Abu Dhabi higher by 43.03% from Baghdad ."
 

Numbio is one of the sites launched in 2009 and is a source of many international newspapers and magazines.
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56 minutes ago, wciappetta said:

Is this report supposed to ease the feeling of poverty in Iraq? Didn't we see a recent report saying Iraqis spend 1/3 of their income on food?The question should be whose quality of life is better? Have many Rolex's are they selling in Baghdad? Just seems like a foolish report.

I have 3 of those Rolexs from Baghdad they aren't that special.  

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10 minutes ago, Engine1 said:

I have 3 of those Rolexs from Baghdad they aren't that special.  

 

So do I lol. I remember being in Dubai for R&R and having someone approach and say..........Genuine Imitation Rolex, only $20.00 LOL

 

  Thanks for bringing me back the memories for a chuckle.

 

   pp

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The Central Statistical Organization, on Sunday, announced the sale of more than $ 4 billion in the currency auction during the month of July.

The agency said in a statistical seen by Alsumaria News, "The quantities sold from the dollar last July amounted to 4 billion and 526 million and 80 thousand and 500 dollars." 

And that, "these sales rose from the same period in 2018, when sales amounted to 4 billion and 173 million and 591 thousand and 858 dollars, with an annual change of 8.4%."
 

He added, `` The price of the dollar during July of 2019 amounted to 1201 dinars per dollar compared to the same period in 2018, which amounted to 1189 dinars per dollar, with a monthly change of 38.1%. '' 

It is noteworthy that the Central Bank conducts daily sessions to buy and sell foreign currencies except public holidays, which stop the bank from these auctions.
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  • yota691 changed the title to Central Bureau of Statistics: sold more than $ 4 billion in the currency auction during July

Central Bank of Statistics announces the sale of $ 4 billion currency auction last July

Economy | 02:43 - 25/08/2019

 
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Baghdad - Mawazine News 
The Central Statistical Organization, on Sunday, the sale of more than $ 4 billion in the currency auction during the month of July. 
The agency said in a statistical, that "quantities sold from the dollar during the month of July amounted to 4 billion and 526 million and 80 thousand and 500 dollars." 
And that, "these sales rose from the same period in 2018, when sales amounted to 4 billion and 173 million and 591 thousand and 858 dollars, with an annual change of 8.4%." 
He added that the price of the dollar during July of 2019 amounted to 1201 dinars per dollar compared to the same period in 2018, which amounted to 1189 dinars per dollar, and a monthly change of 38.1%.

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Date: Editing:: 2019/8/25 15:04 • 39 times read
Central Bureau of Statistics announces the sale of $ 4 billion currency auction last July
BAGHDAD: The Central Bureau of Statistics, on Sunday, the sale of more than $ 4 billion in the currency auction during the month of July.
The agency said in a statistical, that "quantities sold from the dollar during the month of July amounted to 4 billion and 526 million and 80 thousand and 500 dollars." 
And that, "these sales rose from the same period in 2018, when sales amounted to 4 billion and 173 million and 591 thousand and 858 dollars, with an annual change of 8.4%." 
He added, `` The price of the dollar during July of 2019 amounted to 1201 dinars per dollar compared to the same period in 2018, which amounted to 1189 dinars per dollar, with a monthly change of 38.1%. ''
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After been removed from the AML / CFT list, the corruption continues in the CBI daily auctions.

 

July 2018 $4.1billion dollars 

July 2019 $4.5 billion dollars 

 

I bet the IMF is not happy with this numbers.

 

Its time to stop the auctions and give real market value to the IQD 

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9 minutes ago, Laid Back said:

After been removed from the AML / CFT list, the corruption continues in the CBI daily auctions.

 

July 2018 $4.1billion dollars 

July 2019 $4.5 billion dollars 

 

I bet the IMF is not happy with this numbers.

 

Its time to stop the auctions and give real market value to the IQD 

They happy with the auction.. that's y still going on..

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  • yota691 changed the title to Iraq 's GDP rises for the first quarter of 2019
 
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 money and business


Economy News _ Baghdad

Iraq's gross domestic product (GDP) has risen for the first half of 2019, the Central Statistical Organization (CSO) said on Tuesday.

The central bank said in a report seen by the economy news, that "GDP at the current basic prices for the first quarter of 2019 amounted to 60613 billion dinars, or $ 51.3 billion dollars."

He added that `` the GDP for the first half of 2019 rose from the first quarter of 2018 by 8.9% at the current basic prices, while the output of the fourth quarter 2018 decreased by 4%. '' And the construction on the investment budget and in the rates of implementation, which saw a decline due to late approval.

He pointed out that "the activity of the quantity of exported crude oil contributed 44.97% of the gross domestic product at current prices.

He pointed out that "the activity of the general government at current prices ranked second as it contributed by 16.52% and the activity of transport, communications and storage ranked third with a contribution of 10.49%."


Views: 36   Date Added: 27/08/2019

 
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Iraq's gross domestic product (GDP) has risen for the first half of 2019, the Central Statistical Organization (CSO) said on Tuesday.

`` Gross domestic product (GDP) at current prices for the first quarter of 2019 was 60613 billion dinars ($ 51.3 billion), '' the central bank said in a report seen by Alsumaria News. 

He added that the GDP for the first half of 2019 rose from the first quarter of 2018 by 8.9% at the current basic prices, while the output from the fourth quarter of 2018 decreased by 4%, noting that the decrease is due to the decrease in the output of agriculture activity due to the calendar and a decrease The activity of construction and construction on the investment budget and in the rates of implementation, which witnessed a decrease due to late approval.
 
 

He pointed out that "the activity of the quantity of exported crude oil contributed 44.97% of the gross domestic product at current prices, where the amount of crude oil exported during the quarter reached 357.8 million barrels, an average of 4 million barrels per day, while the average price of the exported barrel reached 60.5 dollars." 

He pointed out that "the activity of the general government at current prices came in second place, where contributed by 16.52% and the activity of transport, communications and storage came in third place with a contribution of 10.49%.
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Central Statistics: The rise of GDP in Iraq during the first quarter of 2019

Economy | 02:42 - 27/08/2019

 
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BAGHDAD - 
The Central Bureau of Statistics announced on Tuesday, the rise in gross domestic product in Iraq for the first half 
of 2019. One billion dinars (51.3 billion dollars). " 
He added that `` the GDP for the first half of 2019 rose from the first quarter of 2018 by 8.9% at the current basic prices, while the output of the fourth quarter 2018 decreased by 4%. '' And the construction on the investment budget and in the rates of implementation, which saw a decline due to late approval.
He pointed out that "the activity of the quantity of exported crude oil contributed 44.97% of the gross domestic product at current prices, where the amount of crude oil exported during the quarter reached 357.8 million barrels, an average of 4 million barrels per day, while the average price of the exported barrel reached 60.5 dollars." 
He pointed out that "the activity of the general government at current prices ranked second as it contributed by 16.52%, and the activity of transport, communications and storage ranked third with a contribution of 10.49%."

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Iraq 's GDP rises for the first quarter of 2019

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Iraq's gross domestic product (GDP) has risen for the first half of 2019, the Central Statistical Organization said on Tuesday.

`` Gross domestic product (GDP) at current prices for the first quarter of 2019 was 60613 billion dinars ($ 51.3 billion), '' the central bank said in a report seen by Alsumaria News.

He added that the GDP for the first half of 2019 rose from the first quarter of 2018 by 8.9% at the current basic prices, while the output from the fourth quarter of 2018 decreased by 4%, noting that the decrease is due to the decrease in the output of agriculture activity due to the calendar and a decrease The activity of construction and construction on the investment budget and in the rates of implementation, which saw a decline due to late approval.
 
He pointed out that "the activity of the quantity of exported crude oil contributed 44.97% of the gross domestic product at current prices, where the amount of crude oil exported during the quarter reached 357.8 million barrels, an average of 4 million barrels per day, while the average price of the exported barrel reached 60.5 dollars."

He pointed out that "the activity of the general government at current prices came in second place, where contributed by 16.52% and the activity of transport, communications and storage came in third place with a contribution of 10.49%."
 
GDP is defined as the value of output of final goods and services realized during the year, and is an important indicator of national accounts because it reflects the efficiency of the economic performance of the country for the past period.
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  • yota691 changed the title to Report: Cost of living in Switzerland is 200% higher than Iraq
 
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 money and business


Economy News _ Baghdad

The cost of living in Switzerland is 200% higher than that of Iraq, according to a report published on the Nompio website.

"The cost of living in Switzerland is 210.42% higher than in Iraq for all cities," the report said, according to the latest update in August. "This percentage did not take into account rent costs."

"The rent in Switzerland is 352.35 percent higher than in Iraq," he said.

"The cost of living in Geneva is 188.04% higher than in Baghdad, and the cost of living in Zurich is 200% higher than in Baghdad," the report said.

Numbio is one of the sites that was launched in 2009, and is considered as a source by many international newspapers and magazines including BBC, Time, The Forex, Forbes, The Economist, Business Enzieder, San Francisco Chronicle, New York Times, The Telegraph, The Edge, The Sydney Morning Herald, China Daily, The Washington Post, USA Today and dozens of other websites and media.


Number of Views 14   Date Added 01/09/2019

 
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  • yota691 changed the title to Central Statistics: One third of the rural population suffers from a lack of safe water
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The Central Bureau of Statistics revealed on Wednesday that one third of the rural population suffers from a lack of potable water, indicating that the lowest share of potable water was recorded in Salahuddin province.

The agency said in a statistical prepared for 2018 and seen by Alsumaria News, that "the proportion of the population served by drinking water networks in the country reached 82.6%, the proportion of the population served by this service in urban areas 91.7%, while more than one third of the rural population is not served The number of employees reached 63.3%.
 
 

"The average per capita potable water supplied to the total population in Iraq was 342 liters / day," the agency said. Saladin where it reached 190 liters / day. " 

Some Iraqi provinces, including the capital Baghdad, suffer from a lack of safe drinking water, despite the presence of the Tigris and Euphrates rivers as a result of the lack of projects to purify water.
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  • yota691 changed the title to In figures .. an important statistic about the banks of Iraq and huge debts
Date: Editing:: 2019/29 15:55 • 112 times read
In figures .. an important statistic about the banks of Iraq and huge debts
(Baghdad: Euphrates News) revealed an important statistic about banks operating in Iraq valuable information about their work, liquidity, debt and others.
According to statistics, the volume of assets of Iraqi banks to the end of 2018 amounted to 122 trillion dinars and the total number of banks operating in Iraq 70 banks across Iraq.
The ratio of loans to assets was 25.32%, while the ratio of doubtful debts reached 15.68% which is JD 4.88 trillion, the highest percentage of loans during the past nine years.
The ratio of annual returns to banks to total assets decreased by 54% to reach 0.59% of total assets
. At the level of public deposits, the ratio of deposits to total assets was 21.71% compared to 22.84% last year.
The Bank's liquidity ratio was approximately 54% compared to 45% last year.
The equity ratio decreased to 12.2% from 12.89% last year

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  • yota691 changed the title to Lower inflation revives the business environment

Lower inflation revives the business environment

Wednesday 09 October 2019 91

Lower inflation revives the business environment

 
Baghdad / Mustafa al-Hashemi
While an economic institution issued a study on the level of annual income of the Arab citizen, an expert counted the average annual per capita income of the Iraqi people as good but began to erode because of high inflation, while another pointed out that these figures are issued by the competent institutions and should be taken and deal transparently It reflects Iraq's economic reality.
In this regard, the specialist on economic affairs on behalf of Jamil Antoine confirmed the possibility of adopting economic reports and studies on Iraq, which are issued by Arab and international economic institutions, which derive their information from reliable sources.
 
Economic study
The Arab economic study has classified Iraq in the middle income segment of the Arab citizen by owning an income ranging between 6 to 3 thousand dollars annually.
Antoine said in a statement to the "morning" that "what enhances the possibility of the introduction of these reports, studies and research is the scientific of these institutions, as much of what it puts it is taken and adopted as valid economic figures." He pointed to "the importance of taking into account the analysis of figures and information issued and deal with transparency and not be embarrassed by the realistic figures that concern the economy of Iraq."
He continued that "the business environment in Iraq is still repulsive and unattractive because of the lack of clarity of economic vision among decision-makers .. What confused defining the destination and milestones of the Iraqi economy according to the stage it is going through."
A study by the Arab Investment Guarantee Corporation found that "there is a wide variation among the Arab countries, which can be classified into four segments and according to their annual income. The first segment represents a very high income, which ranges between $ 7.25 to $ 10.7 thousand and includes the Sultanate of Oman. , Saudi Arabia, Bahrain, Libya, and Lebanon. "
The study showed that "the high income segment from 25.7 to 10.7 thousand dollars and includes five countries are: Oman, Saudi Arabia, Bahrain, Libya and Lebanon, and the study showed that the income of the middle income segment ranges from 6.4 to 3.1 thousand dollars and includes 6 countries are Iraq, Algeria, Jordan, Tunisia, Morocco and Egypt." .
 
Low income
"The low income bracket from $ 1.6 thousand to $ 1.1 thousand includes four countries: Djibouti, Sudan, Yemen and Mauritania."
She explained that "the income of the Arab citizen has seen a clear growth from $ 5,000 per year on average for the period between 2005 and 2009 to 8.2 thousand dollars in 2013 with expectations to continue to improve to 8.4 thousand dollars." Expectations of continued improvement in the income of the Arab citizen to 8.4 thousand dollars as a result of the growth of Arab output at a rate exceeding the rate of population growth in the Arab countries during the period.
local production
In turn, economist Dr. Hilal Taan counted the rate of per capita income of Iraq compared to neighboring countries, and relative to the value of GDP is good, but he did not form a satisfactory rate in society because of high inflation rates in recent years. According to the Ministry of Planning, the per capita GDP rose to $ 6,000 per year from $ 1,000 in previous years.
Taan said in a statement earlier (morning) that "this proportion has begun to erode in recent years, because of high inflation rates in Iraq, especially as it has more than 3 million employees and more than two and a half million retirees," pointing out that the annual income is contrary to The poverty rate in Iraq, according to statistics of the Ministry of Planning, which refers to 23 percent; that is, the equivalent of 7 million Iraqis are still below the poverty line.
The latest statistics indicate that the average monthly household income received (1312.9) thousand dinars and the average household income relative to market prices (1597.1) thousand dinars per month, while the average monthly income per capita received (195.1) thousand dinars and the average monthly income per capita market prices (237.4) ) Thousand dinars.
He also contends that it contradicts the unemployment rate in the country, which was dealt with wrongly through the appointment of the staff of the state departments. 
The unemployment.
The Ministry of Planning surveys confirm that the unemployment rate for adults aged 15 years and over reached 11.9 percent in 2012. Unemployment rates increased in households with a size of (10) individuals, reaching (15.0) percent compared to other family size categories. It reached 35 percent in 2004 and fell to 18 percent in 2008, to 15 percent in 2008
 2010.
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  • yota691 changed the title to Central number of large industrial establishments for 2018
 
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 money and business


Economy News _ Baghdad

The Central Bureau of Statistics announced on Sunday the increase in the number of large industrial establishments in 2018, indicating an increase in the number of employees by 3.1%.

The number of large industrial establishments rose to 600 in 2018 compared to 551 in 2017, the agency said in a report seen by Al-Eqtisadiah.

He added, `` The number of employees also rose as the number of employees in these establishments for 2018 reached 114762, including 455 workers who work without pay compared to 2017, where the number of employees reached 111374 employees, an increase of 3.1%. ''


Number of Views 19   Date Added 01/12/2019

 
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  • yota691 changed the title to Planning: the rise in monthly inflation rate by 0.6% for the month of October 2019
Date: 2019/12/13 13:37  63 times read
Planning: the rise in monthly inflation rate by 0.6% for the month of October 2019
The Ministry of Planning announced on Tuesday that the monthly inflation rate rose 0.6% for the month of October 2019, while the annual inflation for the same month fell by 0.8%.
Ministry spokesman Abdul Zahra al-Hindawi said in a statement received by the Euphrates News that the overall index for October in Iraq reached 104.8 percent, rising by 0.6 percent compared with September 2019, attributing this to the rise in the food and non-alcoholic beverages department. By 2.5%, Health by 1.3%, Education by 0.4%. "
Hindawi added that the annual inflation rate fell in October 2019 to 0.8% compared to October 2018, when the record reached 105.6% at the time. "
Hindawi pointed out that" the core inflation index fell by 0.2% from the previous month and decreased by 0.1% compared with October 2018 ".
The Central Bureau of Statistics and Information Technology announced in January 2012 that it had started using automation in collecting different prices at specified time instead of the paper form previously applied, stressing that this will contribute to the speed of collecting prices and accuracy, and correct their calculation in case of errors.
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  • yota691 changed the title to Report: The local purchasing power in Baghdad is 9.21% lower than Erbil
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A report published on the "Numbiu" website, which deals with the standard of living of the countries of the world, revealed that the local purchasing power in Baghdad is 9.21% less than Erbil.

The report said, according to the last update in December 2019, that the local purchasing power in Baghdad is 9.21% less than Erbil .
 
He added, "The prices of rents in Baghdad are 20.10% higher than in Erbil , while the prices of restaurants in Baghdad are 8.38% higher than in Erbil ."
 
 
The report indicated that "grocery prices in Baghdad are 7.18% lower than in Erbil ", indicating that "consumer prices, including rent in Baghdad , are 4.17% higher than in Erbil ."
 
And that "the Iraqi family consisting of four people needs about 2,187.65 dollars (2,603,299.44 Iraqi dinars) in Baghdad to maintain the same level of life that could be with 2,100.00 dollars in Erbil ( Erbil ) on the assumption that you are renting In both cities. "
 
 
Numbeo is one of the sites that was launched in 2009, and is considered as a source by many international newspapers and magazines including BBC, Time, The Forks, Forbes, The Economist, Business Insider, San Francisco Chronicle, New York Times, The Telegraph, The Edge, The Sydney Morning Herald, China Daily, Washington Post, USA Today and dozens of other websites and media.
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