The economy of Iraq has been struggling in recent years due to a number of factors, including the ongoing conflict in the region, the decline in oil prices, and the impact of the COVID-19 pandemic. According to the World Bank, Iraq’s GDP in 2020 was estimated to be $179.3 billion, a decrease of 4.2% from 2019. The unemployment rate in Iraq was estimated to be 8.7% in 2020, up from 8.3% in 2019. Inflation in Iraq was estimated to be 6.2% in 2020, up from 4.2% in 2019. The country’s budget deficit was estimated to be 8.3% of GDP in 2020, up from 6.3% in 2019. Iraq’s public debt was estimated to be $90.3 billion in 2020, up from $86.3 billion in 2019. The country’s current account balance was estimated to be -$3.3 billion in 2020, down from -$2.3 billion in 2019.