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.
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.
