Oil is Iraq’s chief export and source of income. Since the 1990s, however, revenues have been severely reduced due to economic sanctions imposed by the international community in response to Iraq’s continued military aggression.

Services. Services account for approximately 50 percent of Iraq’s economy and employs nearly half its workforce. Government and banking are the two strongest segments of the service industries.

Manufacturing. The extraction and refining of oil is Iraq’s chief industry. Other industries include the manufacture of chemicals, textiles, construction materials, and processed foods.

Industry - industries