Gross capital formation in Iraq
Iraq: Gross capital formation was 69.57 trillion current LCU in 2024. ◆ Volatile
Gross capital formation in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross capital formation in Iraq stood at 69.57 trillion current LCU.
Compared with earlier readings it is down 3.1% on the previous year and up 43.4% over ten years.
Over the whole period, gross capital formation in Iraq peaked at 101.32 trillion current LCU in 2022 and was at its lowest, -5.47 billion current LCU, in 1991.
That places Iraq 16th out of 186 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.09 billion current LCU | 202.80 million current LCU | 3.28 billion current LCU | 10 |
| 1980s | 3.75 billion current LCU | -764.40 million current LCU | 7.37 billion current LCU | 10 |
| 1990s | 2.36 trillion current LCU | -5.47 billion current LCU | 13.23 trillion current LCU | 10 |
| 2000s | 13.56 trillion current LCU | 3.15 trillion current LCU | 23.84 trillion current LCU | 10 |
| 2010s | 42.48 trillion current LCU | 25.72 trillion current LCU | 62.80 trillion current LCU | 10 |
| 2020s | 71.20 trillion current LCU | 48.19 trillion current LCU | 101.32 trillion current 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 69.57 trillion current 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 101.32 trillion current LCU in 2022.
- What is the lowest gross capital formation recorded in Iraq?
- The lowest recorded value was -5.47 billion current LCU in 1991.
- How does Iraq rank for gross capital formation?
- Iraq ranks 16th out of 186 countries with data for 2024.
- Is gross capital formation rising or falling in Iraq?
- Over the last ten years it is up 43.4%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.