Iraq
IRQ
Iraq: 43.5 million population; lower-middle-income economy. Exports: crude oil, mineral fuels, machinery; imports: machinery, mineral fuels, food. Federal parliamentary republic under PM Mohammed Shia Al Sudani. Post-ISIS reconstruction ongoing. Iran-backed militias powerful. Oil revenue critical. #108 Big Mac Index.
Headline valuation
Scenario range
$3.79T to $4.17T
Integration scenario
Contested Integration
Balance sheet
Total liabilities
$438.8B
Base enterprise value
$4.12T
Creditor concentration
- Moderate concentration (HHI=0.29)
Climate & resources
Climate status
Desperate (Rank 55 of 212, 1 = most desperate)
ND-GAIN vulnerability
0.66
Top acquisition targets (Iraq as buyer)
Computed by SAPA (Sovereign Acquisition Propensity Algorithm). Higher probability = stronger structural fit for Iraq acquiring this target.
- Brazil (BRA): probability 0.07, deal value $28.78T, driver: Strategic + Resources + Human_Capital + Water_Arbitrage + Distance_Intercontinental(11174km) + Buyer_Governance(0.28) + Buyer_Volatility(0.91) + GDP_Penalty(0.10) + Economic_Size_Block(0.13) + Limited_Projection(11174km)
- Kuwait (KWT): probability 0.07, deal value $3.10T, driver: Strategic + Human_Capital + Buyer_Governance(0.28) + Buyer_Volatility(0.91) + US_Security_Partner
- Qatar (QAT): probability 0.07, deal value $5.31T, driver: Strategic + Resources + Human_Capital + Buyer_Governance(0.28) + Buyer_Volatility(0.91) + US_Security_Partner
- Russian Federation (RUS): probability 0.07, deal value $26.59T, driver: Strategic + Resources + Human_Capital + Water_Arbitrage + Distance_Proximal(2548km) + Buyer_Governance(0.28) + Buyer_Volatility(0.91) + GDP_Penalty(0.10) + Economic_Size_Block(0.13) + Limited_Projection(2548km) + UNSC_P5_Protection
- Oman (OMN): probability 0.07, deal value $899.6B, driver: Human_Capital + Buyer_Governance(0.28) + Buyer_Volatility(0.91)
About this valuation
This valuation is computed monthly by the WHITEFLAG sovereign asset valuation framework, a five-scenario model
that prices nations as transferable enterprise units. See the
full methodology for the formulas and data sources.
The human-capital, industrial, land and resource bases are blended with the World Bank Changing Wealth of Nations 2020 stock, rescaled onto the framework's computed scale.
Sources: CIA World Factbook, World Bank (population, poverty, economic data), IMF World Economic Outlook (economic classification, trade), The Economist Big Mac Index (PPP comparison), Trading Economics (macroeconomic indicators), Official Government Statistical Agencies