WORLD TRADE CENTER BASRA
Iraq, in an area once home to some of the earliest civilizations, straddles the Tigris and Euphrates rivers and stretches from the Gulf to the Anti-Taurus Mountains. Modern Iraq occupies roughly what was once ancient Mesopotamia, one of the cradles of human civilization. Formerly part of the Ottoman Empire, Iraq was occupied by Britain during the course of World War I. In stages over the next dozen years, Iraq attained its independence as a kingdom in 1932.
Official name: Republic of Iraq
Iraq's economy is dominated by the oil sector, which provides more than 90% of government revenue and 80% of foreign exchange earnings. An improving security environment and foreign investment are helping to spur economic activity, particularly in the energy, construction, and retail sectors.
GDP: $156.3 billion (2015 est.)
GDP by Sector: Agriculture: 5.7%, Industry: 45.1%, Services: 49.3% (2016 est.)
Exports: $44.67 billion (2016 est.)
Main Exports: Crude oil 84%, crude materials excluding fuels, food and live animals.
Imports: $43.27 billion (2016 est.)
Main Imports: Food, medicine, manufacturing.