Argentina and Iraq Economies: A Side-by-Side Table Comparison
Argentina and Iraq present a fascinating comparison across various indicators. Argentina’s population is slightly larger, while its land area dwarfs Iraq’s by over six times. Economically, Argentina’s GDP is nearly two and a half times greater, and it enjoys significantly higher economic freedom. However, Iraq invests more in its military and relies heavily on oil exports.
Argentina’s HDI is 0.849 (high), while Iraq’s is 0.673 (medium). Argentina’s score is 0.176 higher, indicating significantly better human development overall.
Argentina’s Index of Economic Freedom is 49.9, while Iraq is unranked, indicating that Argentina’s economic freedom is significantly higher, with a difference of 49.9 points.
India 32%, China 28%, US 8%, South Korea 7%, Greece 5%
Main export items
soybean meal, corn, soybean oil, wheat, trucks
crude petroleum, refined petroleum, gold, petroleum coke, natural gas
Argentina’s imports are 33% higher than Iraq’s, but it spends 40% less of its GDP on imports compared to Iraq. Argentina’s exports are $83.36B, mainly grains, while Iraq’s at $127.08B focus on oil and gas, making Iraq’s economy more reliant on exports.
Iraq’s military expenditure is approximately 63% larger than Argentina’s at $5.1 billion compared to $3.1 billion, and Iraq allocates a significantly higher percentage of its GDP to defense at 1.67% versus Argentina’s 0.41%.
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