Economic indicators have shown the recovery of the banking and financial sector in Iraq during the past ten years, in contrast to the high unemployment rate.
A Central Bank of Iraq report showed that the unemployment rate rose to 16.5 percent in 2021, compared to 11.9 percent in 2012.Â
The foreign reserves also decreased from $69.6 billion in 2012 to $63.8 billion in 2021.
As for imports, they decreased from $50 billion in 2012 to $34 billion in 2021, as well as exports which decreased from $94 billion in 2012 to $73 billion in 2021.