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Decades of political, economic and security shocks have shaped major structural imbalances in Iraq's economy, reinforcing Iraq's current fragility trap. Iraq remains as one of the most oil dependent countries in the world. Oil accounted for over 96 percent of exports, 92 percent of government budget revenues and 43 percent of gross domestic product (GDP) in 2019. Overdependence on oil has also increased economic volatility and discouraged investment...
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Mansour,Wael; Kazemi Najaf Abadi,Majid; Maseeh,Ashwaq Natiq; Phadera,Lokendra; Wai-Poi,Matthew Grant.

Iraq Economic Monitor : Protecting Vulnerable Iraqis in the Time of a Pandemic, the Case for Urgent Stimulus and Economic Reforms (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/561001604675689187

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