Planning: Iraqi per capita income reaches 8 million dinars annually and will increase this year

[RJG]

Planning: Iraqi per capita income reaches 8 million dinars annually and will increase this year
Time: 01/30/2024 00:50:45 Read: 2,574 times


{Economic: Al-Furat News} The Ministry of Planning confirmed that the average per capita income for the past year 2023 amounted to approximately 7-8 million dinars, and that there is a discrepancy in income rates for many segments of society, expecting that “the average per capita income for the current year 2024 will witness a noticeable improvement.”


In a picture confirming an improvement in the national economy, the Ministry of Planning stated, “The measures of the government and the Central Bank of Iraq contributed to the decline and stability of inflation indicators and a decline in their rates during the last two years, as the inflation rate was (6 percent) in the year 2021, and it decreased in the year 2022 to (5 percent) Then in the year 2023, the inflation rate was 4.4, meaning less than 4 and a half percent.”
The ministry’s official spokesman, Abdul Zahra Al-Hindawi, said, “The average per capita income is extracted and calculated by dividing the volume of revenues or resources that the country obtains by the number of population. Thus, we are talking about a rate or average annual income per capita that ranges between 7 to 8 million dinars per capita during the past year.” 2023, pointing out that this improvement in the level of per capita income came as a result of improved oil sales and increased prices, and thus the country achieved good financial revenues.”
Al-Hindawi pointed out that the per capita income of 7 to 8 million dinars does not include the entire population, as the individual does not receive the same income or equally, but there is certainly a discrepancy between one group and another and between one segment and another, according to many factors, and that there are segments whose average annual income may be 3. Millions or five million dinars. There are segments whose annual income is 10 million dinars, or perhaps their annual income is 20 million dinars annually.

He pointed out that "the discrepancy in these numbers comes as a result of the nature of the work and the academic achievement certificate of the individual, who may also work in more than one job. As a result, his annual income increases or decreases according to these factors," indicating that "the improvement in income rates is also related to the level of services that the individual obtains from... Water, electricity, sanitation, transportation methods and other requirements.”

https://alforatnews.iq/news/%D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D8%AF%D8%AE%D9%84-%D8%A7%D9%84%D9%81%D8%B1%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%B5%D9%84-%D8%A7%D9%84%D9%89%C2%A08-%D9%85%D9%84%D8%A7%D9%8A%D9%8A%D9%86-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D8%B3%D9%86%D9%88%D9%8A%D8%A7%D9%8B-%D9%88%D8%B3%D9%8A%D8%B2%D8%AF%D8%A7%D8%AF-%D9%87%D8%B0%D8%A7-%D8%A7%D9%84%D8%B9%D8%A7%D9%85

 

 

[JonnyV]

Well hurry up!

[horsesoldier]

Another Captain Obvious moment...blah blah blah 

[NWGUY]

They can certainly increase if they would just revalue their currency.  Daahhhhaaa!  

[Shelley]

2 minutes ago, NWGUY said:

They can certainly increase if they would just revalue their currency.  Daahhhhaaa!  

Wouldn’t it be 8 billion if they’re talking before revaluation? 8 million gives them around 8,000 a year , pretty crappy yearly salary !!!

[NWGUY]

Just now, Shelley said:

Wouldn’t it be 8 billion if they’re talking before revaluation? 8 million gives them around 8,000 a year , pretty crappy yearly salary !!!

 

Sadly, I think that is probably the right number.  $8000 a year sucks!  That is why the powers to be, should be doing something to make their lives better!  

[BETTYBOOP]

Jeèzzz. I earn more than 6 times that a year! I would be considered rich in Iraq. The government needs to do something help their people and the wto and the rest of them agencies should be pressuring the going to do it

[edbeach]

Thats why they can afford to do all the projects the 8000 /yr is probably too high poss closer to 6000/ also the labor being paid for projects is so low the can afford to complete many cities & other projects. My reason why they no improving the exchange higher than 1300 dinars.

[3n1]

 

7 million iqd = 5,343.51

 

8 million iqd = 6,106.87

 

good thing they really have never established a tax base in the economy , those amounts would shrink to nothing 

we wait

[Laid Back]

The average per capita income is extracted and calculated by dividing the volume of revenues or resources that the country obtains by the number of population. Thus, we are talking about a rate or average annual income per capita that ranges between 7 to 8 million dinars per capita during the past year.” 2023, pointing out that this improvement in the level of per capita income came as a result of improved oil sales and increased prices, and thus the country achieved good financial revenues.”
 

8,000,000 IQD / 1310= $6,106 yearly 

$500 a month.

 

Where is the improvement?

Where is the purchasing power?

 

Go Stronger Dinar

Go Purchasing Power

[NWGUY]

21 hours ago, Laid Back said:

The average per capita income is extracted and calculated by dividing the volume of revenues or resources that the country obtains by the number of population. Thus, we are talking about a rate or average annual income per capita that ranges between 7 to 8 million dinars per capita during the past year.” 2023, pointing out that this improvement in the level of per capita income came as a result of improved oil sales and increased prices, and thus the country achieved good financial revenues.”
 

8,000,000 IQD / 1310= $6,106 yearly 

$500 a month.

 

Where is the improvement?

Where is the purchasing power?

 

Go Stronger Dinar

Go Purchasing Power

 

I like your math Laid Back!  Just think though...if the wife works, they could be all the way up to $1,000 a month!  

[screwball]

⏰🤔🙏