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Baghdad — the capital

The economy of Iraq is dominated by the oil sector. The IFAD has classified Iraq as an oil-rich upper middle income country. In 2025, the economy is estimated to be at $690 billion (GDP PPP). making it as the fifth largest economy in the Arab world, seventh largest in the Middle East and North Africa and world's 51st largest. It is one of the top five Arab countries with gold reserves and 30th globally. (Full article...)