economy Iraq breaking The year is 2022 GDP growth
Shafaq News/ Iraq ranked sixth among the countries in the world with the highest growth rate of gross domestic product in the year 2022, according to the American global Finance magazine, which deals with the financial and economic matters of the countries of the world.
The magazine said in a report seen by Shafaq News agency that economic growth is a marathon race, not a sprint, and
while some countries have made plans for long-term progress,
others have wasted their good fortunes and resources.
However, experts have already warned of the so-called “resource curse,” that is, the mismanagement of revenues from oil extraction that has historically been associated with
slow economic growth,
authoritarianism, and a
whole host of social ills.
A country's GDP can be defined as the total monetary value of goods and services produced within its borders in a year.
According to the magazine, "Iraq ranked sixth among the countries in the world with the highest growth rate of gross domestic product in the year 2022, with a growth rate of 9.7%, up from 5.9% in 2021, up from -15.7%, up from 5.8% in 2020, and up from 4.7% in 2019, indicating that
the growth rate for the past five years amounted to 2.1%.
She explained that "the highest growth rate in the world for GDP in the year 2022 was for Guyana, with a growth rate of 24.1%, followed by Macau, with a growth rate of 15.2%, followed by Barbados, with a growth rate of 11.2%, followed by St. Kitts and Nevis, with a growth rate of 10%. followed by Saint Lucia at a rate of 9.7%.
She indicated that the lowest growth rate in the world for gross domestic product in the year 2022 was the share of Ukraine, where it recorded -35%, followed by Russia -8.5%, followed by Belarus 6.5%, while the data did not include any of the countries of Syria, Lebanon or Afghanistan due to the absence of any statistics. have an official.
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