Iraq

Iraq's economy is overwhelmingly dependent on oil, which provides the vast majority of government revenue and exports, making the country one of OPEC's largest producers but dangerously undiversified.

Decades of war, sanctions, the 2003 US-led invasion, and the fight against ISIS left infrastructure shattered; reconstruction and reform are hampered by corruption, sectarian politics, and instability.

Key Sectors

The economy is dominated by crude oil, with agriculture along the Tigris and Euphrates and a weak non-oil private sector the government has struggled to develop.