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The number of “billionaires” in Iraq is equivalent to that in 9 countries. A quarter of its population is below the poverty line, and a third of its youth are “unemployed.”
Economy |10-14-2023, 10:35 |
Baghdad today - Baghdad
Noticeable economic disparity in the country.
Luxury for some and the
burden of living on the shoulders of others, and the
dreams of ambitious youth disappear under “unemployment” and billions here and dinars there, amid
government attempts to eradicate poverty, through “social care” or “soft loans,” while reports indicate that
“billionaires” In Iraq, it is equivalent to that of 9 countries combined.
Economic affairs expert Nabil Al-Marsoumi explained today, Saturday (October 14, 2023), that "a
quarter of Iraq's population lives below the poverty line, and a
third of its youth suffer from unemployment."
In numbers: Iraq's wealthy people
The economic expert quoted statistics from a French studies center regarding economic disparity in Iraq, in which he stated that
“36 billionaires, each of whom has a wealth of more than a billion dollars, in addition to
16,000 millionaires, each of whom has a wealth of more than a million dollars,” according to a blog post followed by “Baghdad Al-Youm.” While
"the number of billionaires in Iraq is equivalent to the number of the following countries combined: the
Emirates,
Kuwait,
Lebanon,
Hungary,
Romania,
Portugal, the
Netherlands,
Denmark, and
Nigeria," Al-Marsoumi said.
Iraq and poverty levels
On (July 21, 2023), the Minister of Labor and Social Affairs, Ahmed Al-Asadi, confirmed that the measures taken by the government raised Iraq’s level by 20 levels in the international poverty hierarchy, according to the United Nations. In press statements, Al-Asadi revealed,
“The loan fund of 400 billion dinars has been approved for this year within the 2023 budget, as we will work to ensure that these loans are for real projects to employ tens of thousands of unemployed people.” He stressed that through these steps,
"Iraq rose 20 places in terms of poverty levels according to the latest United Nations report, where Iraq was ranked 86 and has now reached 66, and
we will continue our work until Iraq reaches advanced stages."
The poverty rate in Iraq ranges between 22-25%, and
Al-Muthanna Governorate (southwest) leads the poorest governorates with a rate of 52%, followed by
Al-Diwaniyah and Dhi Qar governorates in the south with a rate of 49%,
according to statistics from the Ministry of Planning.
[You must be registered and logged in to see this link.]
Economy |10-14-2023, 10:35 |
Baghdad today - Baghdad
Noticeable economic disparity in the country.
Luxury for some and the
burden of living on the shoulders of others, and the
dreams of ambitious youth disappear under “unemployment” and billions here and dinars there, amid
government attempts to eradicate poverty, through “social care” or “soft loans,” while reports indicate that
“billionaires” In Iraq, it is equivalent to that of 9 countries combined.
Economic affairs expert Nabil Al-Marsoumi explained today, Saturday (October 14, 2023), that "a
quarter of Iraq's population lives below the poverty line, and a
third of its youth suffer from unemployment."
In numbers: Iraq's wealthy people
The economic expert quoted statistics from a French studies center regarding economic disparity in Iraq, in which he stated that
“36 billionaires, each of whom has a wealth of more than a billion dollars, in addition to
16,000 millionaires, each of whom has a wealth of more than a million dollars,” according to a blog post followed by “Baghdad Al-Youm.” While
"the number of billionaires in Iraq is equivalent to the number of the following countries combined: the
Emirates,
Kuwait,
Lebanon,
Hungary,
Romania,
Portugal, the
Netherlands,
Denmark, and
Nigeria," Al-Marsoumi said.
Iraq and poverty levels
On (July 21, 2023), the Minister of Labor and Social Affairs, Ahmed Al-Asadi, confirmed that the measures taken by the government raised Iraq’s level by 20 levels in the international poverty hierarchy, according to the United Nations. In press statements, Al-Asadi revealed,
“The loan fund of 400 billion dinars has been approved for this year within the 2023 budget, as we will work to ensure that these loans are for real projects to employ tens of thousands of unemployed people.” He stressed that through these steps,
"Iraq rose 20 places in terms of poverty levels according to the latest United Nations report, where Iraq was ranked 86 and has now reached 66, and
we will continue our work until Iraq reaches advanced stages."
The poverty rate in Iraq ranges between 22-25%, and
Al-Muthanna Governorate (southwest) leads the poorest governorates with a rate of 52%, followed by
Al-Diwaniyah and Dhi Qar governorates in the south with a rate of 49%,
according to statistics from the Ministry of Planning.
[You must be registered and logged in to see this link.]
