currenteventpresentationMRY.pptx - Iraqi Citizens in...

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Iraqi Citizens in Trouble From Dropping Oil Prices Current Event Presentation D302 Spring 2016 Mamie Young
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Population Facts 40% of the population is between the ages of 0-14 Median Ages: Male: 19 years Female: 20 years 69.5% urban population Capital: Baghdad with population of 6.643 million 75 year life expectancy rate 80% of the population is literate 11% of their workforce is children ages 5-14
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Economic Facts GDP (PPP) $526.1 billion (2014 est.) GDP (Official exchange rate) $223.5 billion (2014 est.) 59.5% of their GDP comes from the industrial industry which includes mainly oil 16% Unemployment rate Crude oil is 84% of the country’s exports It is exported to China 23.8%, India 18.4%, US 15.7%, South Korea 7.7%, Greece 5.9%, Italy 4.9% (2014)
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What is Happening? Current price per barrel of oil: $33.62 Price per barrel of oil one year ago: around $63 More than 90% of the government’s revenue comes from oil
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How This is Effecting the Country?
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