The economy of Iraq is dominated by the oil sector, which has traditionally provided about 95% of foreign exchange earnings. There have been attempts by the international community to improve and repair the infrastructure of Iraq in the aftermath of the 2003 invasion, when much was destroyed.
Baghdad is the capital of Iraq. Efforts have been devoted to the restoration and repair of badly damaged urban infrastructure.
Baghdad has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.