The Role Of Oil Revenues In The Gross Domestic Product In Iraq For The Period (2010 - 2020)

Abstract

The research aims to explain the role of oil revenues in improving economic growth rates through gross domestic product during the period (2010-2020). The most important finding of the research mechanism is that oil revenues have positive effects in the case of optimal allocation of those revenues to serve the economy and society by providing the necessary funds to implement investment projects. To improve the reality of the Iraqi economy, in light of the absence of oil revenue management and the lack of a clear vision for development in light of the reality that witnesses the failure of economic policies, then relying on the inductive approach in order to reach the research objectives by identifying the concept of oil revenues and their impact on[1] achieving high economic growth rates. . The most important conclusions and recommendations were reached.

First: Oil revenues are the main source of generating national income and gross domestic product, as Iraq depends directly on oil revenues, and oil revenues play a major role in increasing the gross domestic product and thus improving economic growth rates.

Second: Working to exploit oil revenues in a way that helps improve economic growth rates in Iraq and moving toward finding appropriate solutions for economic diversification to reduce rentier dependence.