Iraq country profile
- Published: 14 November 2007 10:17 GMT
- Last Updated: 21 September 2008 08:40
Iraq became independent from the UK in 1932 and was a monarchy until the overthrow of the king in 1958.
A coup in 1968 brought the Baath Party to power, and Saddam Hussain, who played a central role in the coup, became president in 1979. He presided over a brutal dictatorship for more than two decades. In 1980 Saddam invaded Iran, precipitating an eight-year war, and in 1990 he annexed Kuwait, precipitating the 1990-91 Gulf War with an international coalition.
The president was allowed to remain in power by the US-led coalition, but UN sanctions were imposed, a no-fly zone imposed on the Kurdish north and Shiite south of the country, and the Kurdish north granted a substantial degree of autonomy. Following the 11 September terrorist attacks in the US, Washington increasingly accused Iraq of links to terrorism and seeking weapons of mass destruction.
In March 2003, a coalition of the US and the UK went to war to topple Saddam Hussain and have taken charge of the country, under authority provided by UN Resolution 1483, until a representative Iraqi government is formed.
Table: Iraq at a glance
Full Name: | Republic of Iraq |
Capital: | Baghdad |
Area: | 437,072 sq km |
Population: | 27,499,638 |
Head of state: | Jalal Talabani |
Currency: | New Iraqi Dinar (NID) |
Religions: | Muslim 97% (Shi'a 60%-65%, Sunni 32%-37%), Christian or other 3% |
Languages: | Arabic, Kurdish (official in Kurdish regions), Assyrian, Armenian |
International organisations: | Arab League, Arab Maghreb Union , IMF, UN, WTO (observer), IAEA, OPEC, OIC |
Government
Government officials (appointed 8 May 2005)
President: Jalal Talabani
Premier: Ibrahim Jaafari
Deputy Premier: Ahmad Chalabi
Deputy Premier: Abid Mutlaq Hamud al-Jabburi
Deputy Premier: Rowsch Shaways
Agriculture: Ali al-Bahadili
Communications: Juwan Masum
Culture: Nuri Farhan al-Rawi
Defence: Saadoun al-Dulaimi
Displacement & Migration: Suhaylah Abid Jafar
Education: Abdul Falah Hasan
Electricity: Abdul Muhsin Shalash
Environment and (acting) Human Rights: Nermin Othman
Finance: Ali Allawi
Foreign Affairs: Hoshyar Zebari
Health: Abdul Mutalib Muhammad Ali
Higher Education: Sami al-Mudhafar
Housing & Construction: Jasim Muhammad Jafar
Industry & Minerals: Usama al-Najafi
Interior: Bayan Baqir Jabr Sulagh al-Zubaydi
Justice: Abdul Husayn Shandal
Labour & Social Affairs: Idris Hadi
Municipalities & Public Works: Nesreen Berwari
Oil: Ibrahim Bahr al-Uloum
Planning: Barham Saleh
Science & Technology: Basimah Yusuf Butros
Trade: Abdul Basit Karim Mawlud
Transportation: Salam al-Maliki
Water Resources: Latif Rashid
Youth & Sports: Talib Aziz Zayni
State for Civil Society Affairs: Ala Habib Kadhim
State for Governorates: Saad al-Hardan
State for National Assembly: Safa al-Din al-Safi
State for National Security: Abdul Karim al-Anzi
State for Tourism & Antiquities: Hashim al-Hashimi
State for Women: Azhar Abdul Karim al-Shaikhali
Economy
Iraq's economy has been devastated by a decade of UN sanctions, under which oil could only be legally exported through the UN in exchange for humanitarian goods, and many "dual-use" items, which could potentially have a military use, were prohibited.
This ban meant that many items needed for the upkeep of Iraq's infrastructure could not be imported. The sanctions also made the population more dependent on the government: about 60 per cent of people relied on food hand-outs. Sanctions were lifted after the 2003 war.
Iraq has the world's second largest proven oil reserves at 112.5 million barrels, and a lack of exploration means that actual reserves could be more than double this amount. However, sanctions prevented investment and pre-war production was only about 2.5 million barrels a day (b/d).
Instability in Iraq output has long been an obstacle to OPEC's efforts to maintain price stability, but the potential for production to be raised to much higher levels through renewed investment looks set to pose a much more serious challenge in the longer-term (MEED 25:4:03).
The need for the country's reconstruction after both the war and the sanctions mean that Iraq is at the moment the focus of intense attention from contractors. The US' Bechtel was awarded the US Agency for International Development (USAID) capital construction contract and is subcontracting most of the work.
Table: Economic indicators
($ million, unless stated)
| 2005 | 2006 | 2007 (forecast) | |
| GDP (at current prices) | 33,200 | 50,926 | - |
| Non-oil GDP as % of GDP | - | - | - |
| Population (millions) | 27.1 | 27.1 | - |
| Population growth (%) | 2.7 | 3.0 | - |
| GDP per capita ($) | 942 | 1,771 | - |
| Real GDP growth (%) | 2.6 | 3.0 | 10.5 |
| Nominal GDP growth (%) | 41.7 | 41.7 | 10.0 |
| Inflation (%) | 20.0 | 64.8 | - |
| Unemployment (%) | - | - | - |
| Trade | |||
| Imports | 73,600 | 22,963 | - |
| Exports | 22,800 | 29,343 | - |
| Trade balance | 4,900 | 6,380 | - |
| Budget | |||
| Surplus/ deficit | na | na | - |
| Surplus/ deficit as % of GDP | na | 11.2 | - |
| Debt | |||
| External debt | 154,000 | 54,500 | - |
| External debt as % of GDP | na | 108 | - |
| Sovereign ratings | |||
| CI | nr | nr | - |
| S&P | nr | nr | - |
| Moody's | nr | nr | - |
| Fitch | nr | nr | - |


