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Iraq's economic ranking among the Middle East countries

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Iraq's economic ranking among the Middle East countries Empty Iraq's economic ranking among the Middle East countries

Post by claud39 on Fri Jan 04, 2019 6:30 am


Iraq's economic ranking among the Middle East countries

 January 4, 2019

Iraq's economic ranking among the Middle East countries AF403036-3527-477D-95AC-2E84F9A9A567-592x330

Follow-up / SNG - The economic newspaper published Friday a report showing the largest Asian economy in 2018 in terms of gross domestic product at current "nominal" prices of $ 784 billion.

Turkey ranked second with a nominal GDP of $ 713 billion, followed by UAE with a nominal GDP of $ 432 billion and Iran with a value of $ 430 billion. Billion dollars, and Egypt worth $ 249 billion.

Iraq ranked sixth with a domestic output of $ 230 billion, followed by Qatar with $ 188 billion, Kuwait with $ 144 billion, Oman with $ 81 billion, Lebanon with a domestic product of $ 56 billion, Libya with $ 43 billion, Jordan with $ 41 billion, Bahrain with $ 39 billion and Yemen with $ 28 billion.
The Middle East is a geopolitical term for a geographical region located in the western part of Asia and part of North Africa. These countries are characterized by the Mediterranean, the Red Sea, the Arabian Sea and the Gulf. This term has been used since the 1950s 19th century AD.
Nominal GDP is the market value of the total final goods and services produced in a given country at current market prices.
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