10 Most Conservative Countries in the World and their Economic Development

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2. Iraq

Personal Income Tax Rate (2023): 13%

Corporate Tax Rate (2023): 15%

Annual Social Assistance Spending as a percentage of GDP (2021): 1.29%

Insider Monkey rating: 0.146 out of 1

Iraq reports a GDP per capita of $11,740 as of 2023, according to the IMF. In 2021, Iraq spent an annual 1.29% of its GDP on social welfare, as reported by the World Bank. It is ranked among the most conservative countries in the world with a personal income tax rate of 13% and a corporate tax of 15%.

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