Economy of Kurdistan Region

Economy of Kurdistan Region
Erbil (Hewlêr), capital of Kurdistan Region
CurrencyIraqi Dinar (IQD)
Calendar year
Statistics
GDP$66 billion (PPP,2022)[1]
GDP growth
Decrease[2]
GDP per capita
5,372 IQD (Nominal, 2018)[1]
GDP by sector
Petroleum industry (80% of revenues)[3]
Decrease 7% (January 2023)[4]
Population below poverty line
Decrease 5.5% (2018)[5]
Labour force
1,300,000 (September 2016)[6]
UnemploymentNegative increase14% (September 2016)[6]
Positive decrease13% (May 2017)[7]
Positive decrease10.2% (July 2018)[8]
Positive decrease 9% (July 2019)[9]
External
Decrease$17 billion (2018)[10]
Public finances
Revenues$5,4 billion (2016) Decrease[3]
All values, unless otherwise stated, are in US dollars.


Economy in Kurdistan Region[11] consists of the autonomous economy in Kurdistan region in northern Iraq. The Kurdistan region's economy is dominated by the oil industry, agriculture, manufacturing and tourism.[12][13]

  1. ^ a b "Kurdish GDP" (PDF).
  2. ^ "Standard of living lower in Kurdistan than rest of Iraq for first time: study". 31 August 2016. Retrieved 23 December 2016.
  3. ^ a b "KRG budget deficit narrows despite ongoing financial crunch, official data show". Rudaw. 4 April 2017. Retrieved 6 January 2017.
  4. ^ "Consumer Price Index (CPI) and Inflation Rate in Kurdistan Region August/ 2016" (PDF). p. 2. Retrieved 23 December 2016.
  5. ^ "Iraqi Kurdistan Economic Report 2016: Kurdistan's Great Recession". 1 August 2016. Retrieved 23 December 2016.
  6. ^ a b "Unemployment rate in Kurdistan is 14%". Rudaw. 21 September 2016. Retrieved 23 December 2016.
  7. ^ "Unemployment Rising Rapidly in Kurdistan Region: Official". Basnews. 13 May 2017. Retrieved 12 May 2017.
  8. ^ "Demographic Survey – Kurdistan Region of Iraq" (PDF). p. 39. Retrieved 31 October 2018.
  9. ^ "Iraq economy: Positive indicators in the north". www.aljazeera.com. Retrieved 26 July 2019.
  10. ^ "Is Iraqi Kurdistan heading toward civil war?". Retrieved 6 January 2017.
  11. ^ "Iraqi Kurdistan's Economy: Overview".
  12. ^ British agency Hinterland Travel has recently started small scale tourism tours to the region [1].
  13. ^ Time magazine article mentioning Australian/Kurdish tour company Kurdistan Adventures on tourism in Kurdistan [2]