Iraq: Share of World GDP at Market Exchange Rates

## What this measures

Iraq's gross domestic product in current U.S. dollars (NY.GDP.MKTP.CD) divided by the World Bank's world total for the same year, as a percentage. Annual since 1990, dated December 31.

## Why it matters

Market exchange rates measure what an economy's output buys on world markets: the price of its exports, its imports and its weight in global trade and finance. Set beside the population share, it shows how output per person compares with the world average.

## How to read it

A rising share means the economy grew faster than the world in dollars. Exchange rates move it as much as growth does: a currency that falls 10% against the dollar takes about a tenth off the share in that year.

## What it does not say

It is not output at purchasing-power parity, which raises the share of lower-income countries. The newest world total comes before every country has reported and carries World Bank estimates, so the newest year moves. Taiwan is not in World Bank data.

## Source

World Bank, World Development Indicators (NY.GDP.MKTP.CD (GDP, current US$)), CC BY 4.0; shares calculated by Palanor.