Gross capital formation in Iraq
Iraq: Gross capital formation was 14.54 billion constant 2015 US$ in 2024. ▲ Rising
Gross capital formation in Iraq, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross capital formation in Iraq stood at 14.54 billion constant 2015 US$.
Compared with earlier readings it is down 40.5% on the previous year and down 46.9% over ten years.
Over the whole period, gross capital formation in Iraq peaked at 40.95 billion constant 2015 US$ in 2022 and was at its lowest, 8.54 billion constant 2015 US$, in 2007.
That places Iraq 71st out of 162 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.64 billion constant 2015 US$ | 8.54 billion constant 2015 US$ | 15.03 billion constant 2015 US$ | 3 |
| 2010s | 26.96 billion constant 2015 US$ | 17.31 billion constant 2015 US$ | 39.73 billion constant 2015 US$ | 10 |
| 2020s | 27.30 billion constant 2015 US$ | 14.54 billion constant 2015 US$ | 40.95 billion constant 2015 US$ | 5 |
Countries ranked near Iraq
- 68 Serbia 16.06 billion constant 2015 US$ compare
- 69 Guatemala 15.68 billion constant 2015 US$ compare
- 70 Bulgaria 14.61 billion constant 2015 US$ compare
- 72 Lithuania 14.31 billion constant 2015 US$ compare
- 73 Uganda 14.21 billion constant 2015 US$ compare
- 74 Paraguay 14.20 billion constant 2015 US$ compare
More economy & growth data for Iraq
- DEC alternative conversion factor 1,300 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 464.62 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 357.40 million current US$ (2024)
- Net primary income (Net income from abroad) 1.73 trillion current LCU (2024)
- Net primary income (Net income from abroad) 1.33 billion current US$ (2024)
- GNI per capita 7.04 million current LCU (2025)
- GNI per capita, Atlas method 5,690 current US$ (2025)
- GNI 331.24 trillion current LCU (2025)
- GNI 254.80 billion current US$ (2025)
- GNI, Atlas method 267.45 billion current US$ (2025)
Frequently asked questions
- What is gross capital formation in Iraq?
- Gross capital formation in Iraq was 14.54 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Iraq?
- The highest recorded value was 40.95 billion constant 2015 US$ in 2022.
- What is the lowest gross capital formation recorded in Iraq?
- The lowest recorded value was 8.54 billion constant 2015 US$ in 2007.
- How does Iraq rank for gross capital formation?
- Iraq ranks 71st out of 162 countries with data for 2024.
- Is gross capital formation rising or falling in Iraq?
- Over the last ten years it is down 46.9%. The long-run trend across the full record is rising.
- Where does this Iraq data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.