Ali Jalil Muhammad, Ghaleb Shaker Behet
Oil sector has a big contribution in the national income comparing to the Agricultural sector. The most important findings of this paper is that there is a positive relation between growth rates in the industrial sector and those rates in GDP. This relation is consistent with economic theory, which assumes that any change in the industrial sector can lead to a change in National Income. The study also found that, through the study period, there is volatility in the contribution rate of oil sector due to the economic and security concerns. The rest of the sectors recorded a decent amount of contribution in GDP. However, reasons behind drawback in the contributions of these sectors in some years addressed thoroughly in the paper.