Overview of E-Commerce Market in Iraq

Most of the investors rejecting to Iraq due to their fears of the conflict involving ISIS. But when it comes to the E-Commerce market, Iraq is not definitively as frightened as most of the people thought about this country. Most market research Iraq is looking forward to seeing you in this country.

Economic Outlook of Iraq

The economic strain of Iraq has been reduced. Moreover, Iraq nowadays is beginning to make a plan of developing and rebuilding infrastructure, reforming the public services, and creating an opportunity for the job for its population.

The US $ 30 billion projects are underway in the international reconstruction of Iraq. Moreover, the growth of the surplus GDP.

The rate of poverty is increasing from 19% in 2012 to 22% in 2014 due to decrease in the labor market in this country. It's a contrast to the condition of unemployment which is decreasing as long as the conflict is getting to the end. Moreover, most of the population, even they are unemployed or underemployed, is totally underutilized in this country.

An Overview of Market Research Iraq

As in the future, Iraq needs to make a reconstruction and stabilization project in order to recover the condition of this country. Iraq has also tried to accelerate the reconstruction and production of electricity in the free-zone of ISIS.

The bad news is coming from the government's regulation that restricts any of the sectors of the economy, especially for foreign investments. There are also restrictions of any ownership of hydrocarbons that come from the foreign market.

This condition will lead to investors, particularly in the oil sector to take over a service or production sharing. Due to the fact that the country is affected by the government's regulation, this country is not attractive enough for any investors who want to do business and make this country as an investment destination.

E-Commerce Market Environment of Iraq

Due to the high rate of the population that the internet in 2017, Iraq has been reached about 48.3% number of an internet penetration rate. With almost 40 million people living in this country, Iraq is considered a good country for E-commerce business.

Moreover, most of the reports said that Iraq had reached about 19.9% ​​of smartphone. Though there is a huge number of people who are using a smartphone and accessing the internet, the online market has not been developed in this country.

It's because the E-Commerce market has not been supported by good infrastructure and technology. Moreover, the connection of any internet service is not good with the slow and expensive quality of internet.

When the investors start to expand their business across the international market, it's important to know about the basic information of the country they're going in. Market research Iraq is a good option to take any information on the economic condition of this country.