When many people are unemployed, the economy loses one of its key drivers of growth -- consumer spending. Iraq Unemployment Rate is at 12.82%, compared to 12.86% last year. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, … 7 million Iraqis (23% of the total population) live in poverty (spending less than 77,000 Iraqi Dinars per person per month, or 2.2 US$ per person per day. Women’s participation in the economy is at 14.8%. 3 out of 4 Iraqis identified the need to reduce poverty as the most pressing need. This page provides forecast and historical data, charts, statistics, news and updates for Afghanistan Unemployment Rate. Women’s participation in the economy is at 14.8%. The unemployment rate for veterans with a disability rating of less than 30 percent was 4.7 percent, lower than the rate for those with a disability rating of 60 percent or higher (9.6 percent). Almost 5 percent of Iraqis remain displaced. The Iraqi Minister of Labour and Social Affairs, Mohammed Shayaa al-Sudani, has said that the unemployment rate in Iraq has passed 25 percent. Today, the Labor Department reported that unemployment for Gulf War-era II veterans--those who have served on active duty since September 2001--was 12.1 percent in 2011, up slightly from 2010's 11.5 percent, and far higher than the nonveteran rate of 8.7 percent. The unemployment rate for Iraq overall is at 11% based off the reports done by the United Nations Development Program (UNDP). Here are 10 things you need to know about unemployment in Iraq. Violent protests in Basra last year led to widespread demonstrations in other Iraqi cities, including Iraqi capital, with riots that left tens of people dead and many more injured. 653,000 people are unemployed. Iraq … Obviously, the war in Iraq did not benefit its economy. Among veterans who served during Gulf War era II, 40 percent … Its non-oil economy has undergone a 9% contraction, with religious tourism and the service sectors suffering the most from COVID-induced lockdowns. As of 2016, the unemployment in Iraq reached 16 percent. Unemployment Rate: 10.7: 10.8: 13.0: 12.9: 12.8: Fiscal Balance (% of GDP)-12.8-13.9-1.6: 7.9 - Public Debt (% of GDP) 56.9: 64.3: 58.9: 49.3 - Inflation Rate (CPI, annual variation in %) 1.4: 0.5: 0.1: 0.4-0.2: Policy Interest Rate (%) 6.00: 4.00: 4.00: 4.00: 4.00: Exchange Rate (vs USD) 1,096: 1,182: 1,185: 1,193: 1,194: Exchange Rate (vs USD, aop) 1,148: 1,171: 1,177: 1,192: 1,193: Current Account (% of … Even so, the unemployment rate in Iraq is … Unemployment, total (% of total labor force) (modeled ILO estimate) - Iraq. Description: The map displayed here shows how Unemployment rate varies by country. The unemployment rate last year for young Iraq and Afghanistan veterans hit 21.1%, the Labor Department said Friday. Iraq unemployment rate for 2019 was 12.82%, a 0.04% decline from 2018. After a generation of misrule under Mr. Hussein, who built a huge military infrastructure while neglecting civilian investment, and a dozen years of United Nations sanctions, Iraq's unemployment rate tops 50 percent. The contraction in Q3 was likely also marked. Source: World Bank > Iraq > Iraq Unemployment Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice, and may be delayed. March 7, 2003: 7:32 PM EST ... as the world's biggest economy nearly ground to a halt ahead of a possible war with Iraq… High unemployment rates were one of the causes of protests in the city of Basra in the summer of 2018 . The unemployment rate for youths was at 25.5 percent in 2016, which is also higher than the national average of 20.4 percent. Unemployment: 12.8%. In 2020, unemployment rate for Iran was 12.2 %. Officially, 10.8 percent of Iraqis are jobless, while youth unemployment is twice as high in a country where 60 percent of the population is under 24. According to the source, the … Unemployment Rate in Iraq increased to 13.74 percent in 2020 from 12.76 percent in 2019. In 2020, the unemployment rate in Iraq … Employment Rate in Iraq averaged 38.40 percent from 1991 until 2020, reaching an all time high of 39.26 percent in 2015 and a record low of 35.66 percent in 2020. The Iraqi Minister of Labour and Social Affairs, Mohammed Shayaa al-Sudani, has said that the unemployment rate in Iraq has passed 25 percent. The lowest rate of unemployment in this age group is about 15 percent, in the two holy Shia cities of Qom and Mashhad. Iraq Times, “Planning: The poverty rate in Iraq, 31%,” 2/12/15 Al Mada, “Depression dominates real estate market and merchandise..and record high unemployment indicators,” 5/18/14 - “Iraq war bill plagues the economy and raises unemployment to 25%,” 9/7/14 New Sabah, “Planning Ministry: poverty rate in 2014 22.5%,” 8/21/15 The unemployment rate is expected to continue to rise in Iran. The unemployment rate was 7.9% last year, but among young people it was double that. The unemployment rate among female veterans jumped to 11.2% in January from 6.6% a year earlier, compared to a jump to 9.4% from 7.5% for men. The poverty rate was 22.5 percent in 2014 and is likely to have declined since then. FDI Inflow: $-3075.6 million. Your Weekly Benefit Rate is calculated based on the wages you were paid in your base year. Weekly Benefit Rate Calculating the Weekly Benefit Rate. Unemployment rate in Iraq 2020 Published by Aaron O'Neill, Mar 31, 2021 This statistic shows the unemployment rate in Iraq from 1999 to 2020. Experts disagree on Iraq's exact unemployment rate. Aswat al-Iraq, “Iraqi Unemployment Rate Dropped by 15% in 2008,” 1/26/09 Inter-Agency Information and Analysis Unit, “Iraq Labour Force Analysis 2003-2008,” United Nations Office for the Coordination of Humanitarian Affairs, January 2009 Overregulation has made it difficult for Iraqi citizens and foreign investors to start new businesses. Alex Berenson Basra’s unemployment rate is higher than the national average. Those job troubles may persist as more troops come home. growth recovery in Iraq may be short-lived especially with an unfavorable out-look for oil prices given global trade ten-sions. By John Lee. 1 Unemployment remained above 14% from 1931 to 1940. Oil-rich Iraq, its economy hobbled by neglect and corruption, has devalued its currency and had its imported electricity cut off for nonpayment. Iraq - Unemployment The economy shrank 11.7% in the second quarter according to recent data, on sharp downturns in both the oil and non-oil sectors.
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