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Iraq

#69 globallyMiddle East

Average salary: $7,000/year ยท Currency: IQD ุน.ุฏ

Mean Annual Salary

$7,000

gross USD

Median Annual Salary

$5,000

gross USD

GDP per Capita

$5,956

current USD

PPP Factor

ร—0.35

vs USD base

Tax Breakdown at Median Salary

Estimated
Gross Income$5,000
Income Tax$488
Social Security$188
Health Insurance$75

Take-Home (Net) Annual

$4,250

Effective Tax Rate

15.0%

* Based on median salary of $5,000. Estimated combined rate. Consult a tax professional for accurate calculations.

๐Ÿ‡ฎ๐Ÿ‡ถ Iraq Economic Overview

Currency

IQD (ุน.ุฏ)

Region

Middle East

Population

42.0M

Gini Coefficient

0.299

Cost of Living Index

35 (US=100)

Tax Data Available

Estimated

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Salary vs Global Benchmarks

Global Mean$18,000
Middle East Mean$25,400
Iraq Mean$7,000

Global Ranking

#69

out of 117 countries

by average salary

About Salaries in Iraq

The average annual salary in Iraq is approximately $7,000 (gross, in USD), with a median of $5,000. The country ranks #69 out of 117 countries by average salary.

At the median salary, workers in Iraq take home approximately $4,250 after taxes โ€” an effective tax rate of 15.0%. The purchasing power parity factor of ร—0.35 means that in real terms, living costs are lower than in the United States.

Iraq is located in the Middle East region. Income inequality, measured by the Gini coefficient, is 0.299 (relatively equal).