Economic Diversification in Iraq –a Comparative Study between Economic Sectors in terms of their Contribution to the Gross Domestic Product for the period(2004-2018)

Abstract

The research aims to show the level of economic complexity in Iraq for the period (2004-2018) based on the (Herfindahl-Hirschman) index and the period of its contribution to the gross domestic product with regard to the economy (industrial - agricultural - service - tourism - oil) and the percentage of its contribution to the permissible domestic product The research concluded that the Iraqi economy suffers from the dominance of rentier dependency, which led to the marginalization of other economies and a relative decline in their contribution to (GDP) and this union. This is evidenced by crises and structural imbalances in the economy. In addition to the challenges that hinder the process of achieving economic diversification, represented by the high level of corruption, the collapse of infrastructure, weak human capital, and the dominance of the public sector. At the same time, solutions were identified to address these challenges by activating the role of the main non-oil economic sectors, enhancing the role of the private sector, and the necessity of establishing a sovereign fund as mechanisms. To achieve economic diversification.