Economic development in Irak has focused on exploring and producing oil. According to the International Monetary Fund, the country has de the second largest reserve on the world. Oil exports reached a total amount of 2.1 million barrels each month in 2013. Investments in oil and infrastructure have promoted economic growth, and the government decided to increase the expenditure in 18%, approximately 118 billion dollars more than in past years.
Irak is looking for investment in diverse sectors such as education, health and security services.
Main exports: crude oil, live animals
Main imports: food, medial equipment, pharmaceutical products, and diverse manufactures.View Technical Data Sheet