According to an International Monetary Fund analysis, Iraq is placed 49th among the world’s major economies for the year 2023, up from 52nd last year, out of a list of 190 nations.
According to the study, which was based on GDP statistics for each nation and was reviewed by Shafaq News agency, Iraq climbed three positions globally compared to 2022, while remaining fourth among Arab countries for the second year in a row, with a GDP of $267.89 billion.
Saudi Arabia came first in the Arab world and 18th in the world with a GDP of $1.06 trillion, followed by the UAE with a total of $498.98 billion, Egypt with a total of $387 billion, Iraq in 49th place globally, Qatar with an output of $219 billion, and Algeria with $2.6 billion. Kuwait finished in first with $164 billion, followed by Morocco with $138 billion, Oman with $104 billion, Jordan with $52 billion, and Tunisia in tenth place with $49 billion.
According to the analysis, “the world’s five largest economies in 2023 will be the United States, China, Japan, Germany, and India.”
The United States maintained its position as the world’s leading economy and richest country, with a GDP of $26.85 trillion, followed by China in second place with a GDP of $19.37 trillion, Japan in third place with a total of $4.41 trillion, and Germany in fourth place. India is in fifth place, with a total of 3.74 trillion dollars, with a total of 4.31 trillion dollars.
The United Kingdom finished sixth with a total of $3.16 trillion, France seventh with a total of $2.92 trillion, Italy eighth with a total of $2.17 trillion, Canada ninth with a total of $2.09 trillion, and Brazil tenth with a total of $2.08 trillion.
According to the International Monetary Fund study, Tuvalu was at the bottom of the ranking table with a total output of $7 million, followed by Nauru with a total output of $15 million, and Kiribati with a total output of $25 million.