Between 2007 and 2012, Iraq's GDP grew at a cumulative rate of over 40 percent, and averaged an annual rate of 7 percent between 2008 and 2012. Yet, per capita consumption, the basis for measuring poverty, grew by only 9 percent in cumulative terms, or at 1.75 percent per year. Economic growth translated into very modest rates of poverty reduction, and in 2012, a fifth of the Iraqi population remains below the poverty line. Moreover, welfare improvements...
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DETAILS
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2015/01/01
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Brief
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93859
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1
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1
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2015/01/26
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Disclosed
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Strengthening the growth-employment-welfare nexus
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public sector job
Citation
Strengthening the growth-employment-welfare nexus (English). The unfulfilled promise of oil and growth : poverty, inclusion and welfare in Iraq, 2007-2012 policy note ; no. 1 Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/576031468254041518