Iraq: GDP per unit of energy

The latest value from 2014 is 9.66 GDP per kg of oil equivalent, a decline from 10.44 GDP per kg of oil equivalent in 2013. In comparison, the world average is 10.44 GDP per kg of oil equivalent, based on data from 128 countries. Historically, the average for Iraq from 1991 to 2014 is 7.88 GDP per kg of oil equivalent. The minimum value, 2.63 GDP per kg of oil equivalent, was reached in 1994 while the maximum of 12.28 GDP per kg of oil equivalent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.

We show how much GDP, in dollars, is produced using one kilogram of oil equivalent of energy in Iraq and other countries. The energy use includes oil, natural gas, solid fuels, renewables and electricity, all converted into oil equivalents.

Definition: GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to 2011 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.