STANDARD OF LIVING Overall, 23% of Iraq’s population lives below the poverty line (spending $2.20 per person per day), according to figures from the Iraqi government and the World Bank.

Indeed, Iraq’s GDP posted a sharp contraction of 10.4% in 2020. Growth was stymied by depressed global demand for oil and Iraq’s adherence to OPEC+ production cuts. Its non-oil economy has undergone a 9% contraction, with religious tourism and the service sectors suffering the most from COVID-induced lockdowns.

Iraq is not ranked in the 2021 Index because of the continuing lack of reliable data. The key to Iraq’s long-term economic development will be a strengthened investment climate to bolster private-sector engagement, which in turn will require an improved security environment and restoration of the rule of law.

WARNING!

Real estate prices in Baghdad have skyrocketed. A two-bedroom apartment in a safe area currently costs around $400 per month. A small house in a lower-middle-class neighborhood is out of reach at $150,000.

is250,000

Cost of living in Iraq is, on average, 48.95% lower than in United States. Rent in Iraq is, on average, 73.40% lower than in United States….Cost of Living in Iraq.

ERBIL, Iraq Noting that camels generally weigh up to 500 kilograms, Mawlud put the animal’s average sale price at some $2,000.

List of prices in Baghdad Current as of Jul 2021.

Baghdad is the capital of Iraq, and the second-largest Arab city after Cairo, with a population of around 7 million. Baghdad is, unfortunately, currently in an extremely dangerous security situation, under a very high threat of terrorist attack and very high threat of kidnapping.

Summary: Family of four estimated monthly costs are 1,342$ (21,049EG£) without rent. A single person estimated monthly costs are 378$ (5,921EG£) without rent. Cost of living in Egypt is, on average, 58.77% lower than in United States.

THE TARIFF FOR WATER IN IRAQ IS US$ 0.0034/ M3.

Iraq is fed by two major rivers, the Tigris and the Euphrates, both of which originate outside of Iraq. These two rivers account for 98% of Iraq’s surface water supply. Their flow is therefore very vulnerable to dams and water diversions in Turkey, Syria and Iran.

No bathing and no drinking water,” said Dakheel, 47. According to government statistics cited by the ICRC, one in four of Iraq’s 30 million people does not have access to safe drinking water, a persistent problem seven years after the U.S. invasion that toppled Saddam Hussein.

“By existentially threatening the well-being of individuals,” he explains, “insufficient water supplies hamper Iraq’s socioeconomic development.” Water shortages negatively affect hydropower dams and food production, while disrupting the livelihoods of farmers.

On 23 August, U.S. troops withdrew from Taji Base and handed it over to Iraqi security forces. On 28 August, a U.S. official said that the U.S. was expected to reduce troops by a third from 5,200 to 3,500. On September 9, the U.S. military said it will reduce its troops in Iraq from 5,200 to 3,000.

Iran and Iraq are frequently at odds over water issues. Iraq depends on the Tigris and Euphrates rivers for nearly all of its water. But Iran is building dams to redivert some of that water, causing alarm and creating major water shortages for Iraq.