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[size=36]Iraq ranks seventh in the Arab world in the index of highest and lowest income[/size]
Economy | 12:26 - 07/18/2024
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Baghdad - Mawazine News
The head of the Strategic Center for Human Rights, Fadhel Al-Gharawi, confirmed today, Thursday, that Iraq ranked seventh in the index of the highest and lowest per capita income in Arab countries during the year 2024, according to a study prepared by the International Monetary Fund, as the average income of Iraqis approached $6,000 annually.
Al-Gharawi said in a statement received by / Mawazine News /, "According to the International Monetary Fund study, Qatar topped the ranking with about $82,000 in annual income, and Egypt came at the bottom of the list with $3,770, while Iraq came in seventh place with the individual receiving $5,880 during this year, which is equivalent to more than 7 million dinars according to the official price."
He explained that "the average GDP per capita in Iraq reached 2.8% in 2023 after achieving growth during 2022 of 7.9%, noting that it is hoped that Iraq will achieve growth in GDP in 2024 by 4.4%, which will be reflected in the average annual per capita income."
Al-Gharawi explained that "Qatar ranks seventh in the world in terms of annual per capita income. In the Arab world, the UAE came in second place with about $50.6 thousand, Saudi Arabia came in third with about $32.5 thousand, and then Kuwait with about $32.2 thousand."
The head of the center called on the government to "diversify the sources of the Iraqi economy, enhance sustainable development, attract global investment, establish a generation fund, launch the national strategy for the economy and investment, and set a goal for 2030 for Iraq to reach second place in the Iraqi per capita income index."
Al-Gharawi said in a statement received by / Mawazine News /, "According to the International Monetary Fund study, Qatar topped the ranking with about $82,000 in annual income, and Egypt came at the bottom of the list with $3,770, while Iraq came in seventh place with the individual receiving $5,880 during this year, which is equivalent to more than 7 million dinars according to the official price."
He explained that "the average GDP per capita in Iraq reached 2.8% in 2023 after achieving growth during 2022 of 7.9%, noting that it is hoped that Iraq will achieve growth in GDP in 2024 by 4.4%, which will be reflected in the average annual per capita income."
Al-Gharawi explained that "Qatar ranks seventh in the world in terms of annual per capita income. In the Arab world, the UAE came in second place with about $50.6 thousand, Saudi Arabia came in third with about $32.5 thousand, and then Kuwait with about $32.2 thousand."
The head of the center called on the government to "diversify the sources of the Iraqi economy, enhance sustainable development, attract global investment, establish a generation fund, launch the national strategy for the economy and investment, and set a goal for 2030 for Iraq to reach second place in the Iraqi per capita income index."
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