Iraq’s Wealth Is an Illusion — Here’s the Data
Iraq is often described as a wealthy, oil-rich country — but the numbers tell a very different story. link to My FX Buddies Blog
Economic expert Manar Al-Obaidi warns that Iraq’s crisis is not about oil prices or cash shortages, but about the absence of real production outside the oil sector. According to the data, Iraq’s per-capita share of real non-oil production is shockingly low, placing the country alongside some of the poorest nations in the world.
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