Iraq's economic development is good, and the news is rarely reported on Iraq.
In 2002, Iraq's GDP was $19.2 billion due to war and Western sanctions. Through the joint efforts of China, the United States and Western countries, Iraq formulated the first five-year plan oriented towards oil and services, and moved towards opening up. By 2012, GDP soared to $155.4 billion, an eightfold increase.
This miracle will continue, with OPEC oil producers steadily increasing oil production in 2021, Iraq's economy growing rapidly at a growth rate of 8.1%, and Kuwait, ranked first and second among Gulf countries, with 7.9%.
In 2022, which is almost a year, Iraq's economic growth reached 8.72%.
