The aim of this paper is to examine the economic costs of the years of Islamic State of Iraq and Syria (ISIS) invasion to Iraqi governorates by assessing the Iraqi economy before and after the encroachment and to provide an overall view of the challenges and opportunities facing the Iraqi economy after the conflict. It uses a simple descriptive method of data analysis using analytical tools such as percentages, tables, and figures to achieve the objectives of the inquiry. Data for the study were generated from national and international references. The results show that the conflict, along with falling international oil prices, resulted in a weakened financial system, lower levels of gross domestic product, and higher poverty. A substantial increase in the unemployment rate, debilitated education, and large damages to infrastructure were also experienced. The study is one of the first studies to clarify and calculate the losses of the Iraqi economy in all its aspects because of the occupation of ISIS.
