A social accounting matrix for Iraq

Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 4 Gross domestic product and aggregate demand components (trillions of Iraq Dinars and percentage of GDP).

	Trillions of Iraq Dinars	Share of GDP at market prices
Domestic absorption	150.3	80.7
Private final consumption	87.2	46.8
Fixed investment	37.7	20.2
Public final consumption	25.5	13.7
Exports	96.5	51.8
Imports	−60.5	−32.5
Gross domestic product at market prices	186.3	100.0
Net indirect taxes	−25.0	−13.4
Gross domestic product at factor cost	211.3	113.4

Domestic absorption equals the sum of private final consumption, fixed investment, and public final consumption. Gross domestic product at factor cost equals gross domestic product at market prices minus net indirect taxes, which in the case of Iraq are negative, given that indirect subsidies exceed indirect taxes. Private (public) final consumption captures the sum of the payments from households (government) to commodities in the SAM. Fixed investment (exports) captures the sum of the payments from the saving–investment (rest of world) account to commodities in the SAM. Imports capture the sum of the payments from the commodities account to the rest of world account in the SAM. Net indirect taxes captures the sum of the payments (some of which are negative) from the sales tax and tariff accounts to the government account