With $270 billion, Iraq is the fifth largest GDP in the Middle East and North Africa

[yota691]

With $270 billion, Iraq is the fifth largest GDP in the Middle East and North Africa

 

2023-09-20 02:03

 

Shafaq News / Iraq had the fifth largest gross domestic product among the countries of the Middle East and North Africa during the past year 2022, at 270.36 billion dollars.

 

This came according to a table of the German company (Statista), which specializes in market and consumer data, which was reviewed by Shafaq News Agency.

 

GDP is an economic indicator that measures the monetary value of the total goods and services produced within the borders of a geographical area (a country, for example) during a specific period of time (a year or half a year, for example). GDP is neither an indicator of social welfare nor of total wealth.

 

According to the German company, Saudi Arabia ranked first in gross domestic product with $1.1 trillion, followed by the UAE with $507.54 billion, then Egypt third with $475.23 billion, and Iran fourth with $321 billion, while Iraq ranked fifth.

Qatar came sixth with $225 billion, Algeria seventh with $195 billion, Kuwait eighth with $184 billion, Morocco ninth with $138 billion, and Oman tenth with $114 billion.

[BETTYBOOP]

And still their currency is worthless....

[Dretown39]

49 minutes ago, BETTYBOOP said:

And still their currency is worthless....

Hang in there..its coming! I have to say for the first time I feel we really on the cusp & not due to any false hopium either!👍

[BETTYBOOP]

43 minutes ago, Dretown39 said:

Hang in there..its coming! I have to say for the first time I feel we really on the cusp & not due to any false hopium either!👍

 I will never sell what I have . Just , like the rest of us , wish they would move

[BETTYBOOP]

You have to wonder with this high a gdp...  what is hidden or not disclosed to make it that high. Surely not just oil?  More so when you see reports of failure to diversfy there production to support the dinar and how much corruption ... Gave news somewhere???

Edited September 20, 2023 by BETTYBOOP

[Laid Back]

Iraq GDP $225 billion dollars….. Currency value $0.00076

 

Kuwait GDP $184 Billion dollars….. Currency value $3.24

 

Something is wrong with this picture 🤔

 

Hope someday in the the near future we can see the real value of the IQD.

[Dretown39]

1 hour ago, BETTYBOOP said:

 I will never sell what I have . Just , like the rest of us , wish they would move

Ok great. I'm tired of working for people & dealing with corporate politics. Just one of the reasons I'm not selling!

[Dretown39]

14 minutes ago, Laid Back said:

Iraq GDP $225 billion dollars….. Currency value $0.00076

 

Kuwait GDP $184 Billion dollars….. Currency value $3.24

 

Something is wrong with this picture 🤔

 

Hope someday in the the near future we can see the real value of the IQD.

We will bro!

[RV-2-Day]

Simple answer to the currency difference.   How many dinars have been issued in each country.    My guess Iraq has significantly more.

 

[BETTYBOOP]

1 hour ago, Dretown39 said:

Ok great. I'm tired of working for people & dealing with corporate politics. Just one of the reasons I'm not selling!

 Exactly my reasons.

[3n1]

the american dollar runs iraq not iqd , stop dual multiple currency use as they have been instructed to for years now and make the iqd powerful then and only then should they boast of having strong currency among the nations all my opinion .... cheers dv'ers

[BETTYBOOP]

Just wondering. Would the deal with Iran for the currency basket stop the multi currency practice?

[Viciousdoggie]

3 hours ago, Laid Back said:

Iraq GDP $225 billion dollars….. Currency value $0.00076

 

Kuwait GDP $184 Billion dollars….. Currency value $3.24

 

Something is wrong with this picture 🤔

 

Hope someday in the the near future we can see the real value of the IQD.

But what is Kuwait backing their GDP with, and what is Iraq???

[Officiallytook]

6 hours ago, Laid Back said:

Iraq GDP $225 billion dollars….. Currency value $0.00076

 

Kuwait GDP $184 Billion dollars….. Currency value $3.24

 

Something is wrong with this picture 🤔

 

Hope someday in the the near future we can see the real value of the IQD.

Dayumn love the way you think fam!!!

[3n1]

4 hours ago, Viciousdoggie said:

But what is Kuwait backing their GDP with, and what is Iraq???

 

winner winner chicken dinar ..... the same minus the outrages corruption ... Oil and gas account for more than half of GDP for Kuwait and approximately 92 percent of export revenues. The government saves at least 10 percent of revenue annually as a hedge against the impact of lower oil prices, sadly iraq thinks a surplus is bad and needs to be stolen thats been the M.O. to date ... cheers

 

The term "modus operandi" is a Latin term that describes an individual or group's habitual way of operating, which represents a discernible pattern. A modus operandi (commonly abbreviated as "M.O.") is mainly used to discuss criminal behavior and is often used by professionals to prevent future crimes.

[screwball]

12 hours ago, BETTYBOOP said:

And still their currency is worthless....

yep we know it and they know it...

[screwball]

9 hours ago, Dretown39 said:

We will bro!

100% and for those invested in Vietnamese dong their GDP is 433 billion.....

[screwball]

55 minutes ago, 3n1 said:

winner winner chicken dinar ..... the same minus the outrages corruption .

not really Kuwait parliament just as corrupt they have sacked their parliament many many times...very corrupt...but they love their money!

[3n1]

42 minutes ago, screwball said:

not really Kuwait parliament just as corrupt they have sacked their parliament many many times...very corrupt...but they love their money!

 so im thinking iraq should easily able to match their corruptness and get a 3.24 iqd value like Kuwait  I'll be like jumping jack flash and never look back  .. cheers

[steveh12]

What He said! 😉