About the OPEC Fund

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OFID Member Countries

Official country name: Republic of Iraq
National capital: Baghdad
Location: In the Middle East, with a narrow outlet to the sea on the Gulf. Its neighbors are Iran to the east, Turkey to the north, Syria and Jordan to the west, and Saudi Arabia and Kuwait to the south.
Area: 438,000 million km2


Natural Resources: petroleum, natural gas, phosphates, sulfur
Structure of output (value added, % of GDP): n/a
Population: 23.8 million (2001)
Urban population: 67.5%
Life expectancy at birth, total (years, 2000): 61.1
Population growth rate: 2.1% (2001)
Principal exports: crude petroleum, dates
Exports of goods and services: US$12.51 billion (1999)
Principal imports: manufactures and food items
Imports of goods and services: US$8.52 billion (1999)
GDP: US$27.9 billion (2001)
Annual growth: -6.3% (2001)
GDP per capita: US$1,175 (2001)
Inflation (annual %): 60% (2001)
Total external debt: US$29.0 billion (1999)
Total debt service: US$5.3 billion (1999)
Debt service (% of exports of goods and services, 2000): n/a
National currency: Iraqi dinar (ID)
Average exchange rate: ID 0.31 = US$1 (2001)
OPEC Fund Ministerial Council Member: H.E. Mr. Baker Jabor Alzubaidi, Minister of Finance
OPEC Fund Governing Board Representative: Mr. Azez J. Hassan, Senior and Personal Advisor, Ministry of Finance
OPEC Fund Governing Board Alternate: Mr. Mohammed Baker Al-Harery, Ministry of Finance