Magazine

Table: Saddam's Economic Legacy


U.S. officials are just beginning to take inventory, but initial outlines are emerging

ECONOMIC MODEL

Saddam ran a command- and-control economy with major industries owned by the state. The small private sector included farmers and traders.

GROWTH PROSPECTS

U.S. hopes rest on quickly reviving the oil industry, which produced 2.5 million barrels a day in 2002. With major investment, that could rise to 6 million. Over time, agriculture, tourism, and financial services could grow.

HUMAN CAPITAL

Among Iraq's estimated labor force of 5 million are professional engineers and competent civil servants. Returning exiles could also contribute. But the educational system, after two decades of decline, needs improvement.

Data: Center for Strategic & International Studies, Economist Intelligence Unit, CIA World Fact Book


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