Australia and Iraq Economies: A Side-by-Side Table Comparison

Australia and Iraq present a striking contrast across various indicators. Iraq’s population is about 1.7 times larger, yet Australia boasts a land area 17.6 times greater. Economically, Australia’s GDP is 6.4 times larger, with significantly higher GDP per capita. In military spending, Australia outpaces Iraq by over six times, while imports and exports reveal distinct trade focuses.

Basic Indicators

IndicatorAustralia Flag of Australia %28converted%29Iraq Flag of IraqComparison
Population source (2022 data), updated 202426.01 million (54th)44.50 million (34th)Iraq’s population is approximately 1.71 times larger than Australia’s.
Surface area (sq. km) source (2022 data), updated 20247.74 million sq. km (6th)0.44 million sq. km (58th)Australia is 17.6 times larger than Iraq.
GDP source (2022 data), updated 20241,692.96B USD (12th)264.18B USD (47th)Australia’s total GDP is approximately 6.4 times larger than Iraq’s.
GDP per capita source (2022 data), updated 2024$65,100 (13th)5,937 USD (104th)Australia’s GDP per capita is roughly 89% higher than Iraq’s, with Australians producing about $59,162 more per person annually.

Economic Indexes

IndexAustralia Flag of Australia %28converted%29Iraq Flag of IraqComparison
HDI (Human Development Index) source (2022 data), updated 20240.946 (10th)0.673 (119th)Australia’s HDI is 0.946 (very high), while Iraq’s is 0.673 (medium). Australia’s score is 0.273 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)76.2 (12th)unranked ()Australia’s Index of Economic Freedom is significantly higher than Iraq’s, with a score of 76.2 compared to Iraq’s unranked status.
GINI source (2022 data), updated 202434.3 (2018 est.)29.5 (2012 est.)With a 16.2% higher Gini coefficient, Australia has a higher degree of income inequality than Iraq.

International trade source(2023 data), updated 2024

IndicatorAustralia Flag of Australia %28converted%29Iraq Flag of Iraq
Total imports363.57B USD69.16B
Imports % of GDP19.71%25.40%
Main import partnersChina 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%UAE 32%, China 21%, Turkey 20%, India 4%, South Korea 2%
Main import itemsrefined petroleum, cars, garments, trucks, plastic productsrefined petroleum, broadcasting equipment, cars, jewelry, garments
Total exports447.51B USD127.08B
Exports % of GDP25.43%46.56%
Main export PartnersChina 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%India 32%, China 28%, US 8%, South Korea 7%, Greece 5%
Main export itemscoal, iron ore, natural gas, gold, wheatcrude petroleum, refined petroleum, gold, petroleum coke, natural gas

Australia’s imports are over five times Iraq’s, but Iraq’s imports make up 25% of its GDP, 30% more than Australia’s. Australia’s exports are over three times Iraq’s, focusing on minerals and agriculture, while Iraq relies heavily on petroleum.

Military Power source (2023 data), updated 2024

IndicatorAustralia Flag of Australia %28converted%29Iraq Flag of Iraq
Military expenditure32.3B USD5.1B USD
Military expenditure (% of GDP)1.90%1.67%
Active military59k193k
Active military per 1,000 capita3.88.5

Australia’s military expenditure is over six times larger than Iraq’s at $32.34 billion compared to $5.11 billion, and Australia allocates a slightly higher percentage of its GDP to defense at 1.90% versus Iraq’s 1.67%.

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