Gross capital formation in Iraq
Iraq: Gross capital formation was 17.72 trillion constant LCU in 2024. ▲ Rising
Gross capital formation in Iraq, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, gross capital formation in Iraq stood at 17.72 trillion constant LCU.
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 49.92 trillion constant LCU in 2022 and was at its lowest, 10.41 trillion constant LCU, in 2007.
Iraq ranks 18th of 169 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.19 trillion constant LCU | 10.41 trillion constant LCU | 18.32 trillion constant LCU | 3 |
| 2010s | 32.87 trillion constant LCU | 21.11 trillion constant LCU | 48.43 trillion constant LCU | 10 |
| 2020s | 33.28 trillion constant LCU | 17.72 trillion constant LCU | 49.92 trillion constant LCU | 5 |
Countries ranked near Iraq
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 17.72 trillion constant LCU 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 49.92 trillion constant LCU in 2022.
- What is the lowest gross capital formation recorded in Iraq?
- The lowest recorded value was 10.41 trillion constant LCU in 2007.
- How does Iraq rank for gross capital formation?
- Iraq ranks 18th out of 169 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 LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.