Iraq has emerged as the fourth largest Arab economy and 51st globally for 2025, according to a recent report by CEOWORLD Magazine. The Ministry of Trade described the achievement as a clear sign of Iraq’s strengthening economic influence in both regional and international spheres.
This milestone is reinforced by a marked rise in trade activity. In the first half of 2024, Iraq’s total trade volume with 11 regional countries reached $65 billion, reflecting a 10% year-on-year growth. Bilateral trade with Saudi Arabia rose to $1.3 billion, while trade with Jordan surged past $1 billion, representing a 45.6% increase. The United Arab Emirates also remained a key partner, with exports to Iraq reaching $22 billion in 2024.
Iraq’s economic progress is further driven by strategic infrastructure and policy initiatives. The $17 billion Development Road project aims to transform Iraq into a regional logistics and transport hub. At the same time, the government is committed to economic diversification, reducing its dependency on oil by enhancing commercial partnerships and encouraging cross-border trade.
As part of its regional integration agenda, Iraq has proposed the creation of an Arab Council of Trade Ministers to foster collaboration and streamline economic policy across the Arab world.
These developments underscore Iraq’s expanding role as a key player in Arab economic growth and regional development.
Source: IraqiNews.com
