Iraq presents numerous opportunities in this industry. The World Bank recorded a US$5,834 GDP per capita in 2018. Consumer Price Index in Iraq was recorded to reach 105.40 points as of January 2020.
The country is also laying solid foundations for e-commerce. Revenue in the e-commerce market amounted to US$3,405 million in 2020, with an expected annual growth rate at a CAGR of 8.8% during 2020-2024 and market volume of US$4,769 million by 2024. Electronics and media account for the largest segments with a volume of US$988 million in 2020. User penetration is also projected to reach 63.4% by 2024.
Market Research Iraq will help clients in seizing the extensive opportunities across a wide range of areas in Iraq consumer and retail market, including digitization, social networking service, as well as a digital wallet and online marketplace. Our expert consultants will help clients in anticipating potential shifts of buyers' needs and thriving in the Qatari market competition.