Gross fixed capital formation in Iraq
Iraq: Gross fixed capital formation was 10.13 trillion constant LCU in 2024. ▲ Rising
Gross fixed capital formation in Iraq, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iraq recorded 10.13 trillion constant LCU for gross fixed capital formation in 2024.
Compared with earlier readings it is down 39.8% on the previous year and down 73.0% over ten years.
Over the whole period, gross fixed capital formation in Iraq peaked at 47.77 trillion constant LCU in 2015 and was at its lowest, 7.53 trillion constant LCU, in 2007.
Iraq ranks 22nd of 167 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 | 12.75 trillion constant LCU | 7.53 trillion constant LCU | 17.85 trillion constant LCU | 3 |
| 2010s | 32.49 trillion constant LCU | 21.49 trillion constant LCU | 47.77 trillion constant LCU | 10 |
| 2020s | 16.59 trillion constant LCU | 10.13 trillion constant LCU | 20.74 trillion constant LCU | 5 |
Countries ranked near Iraq
- 19 Mongolia 12.83 trillion constant LCU compare
- 20 Hungary 11.31 trillion constant LCU compare
- 21 Bangladesh 10.53 trillion constant LCU compare
- 23 Costa Rica 9.43 trillion constant LCU compare
- 24 Madagascar 7.80 trillion constant LCU compare
- 25 Kazakhstan 7.50 trillion constant LCU 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 fixed capital formation in Iraq?
- Gross fixed capital formation in Iraq was 10.13 trillion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Iraq?
- The highest recorded value was 47.77 trillion constant LCU in 2015.
- What is the lowest gross fixed capital formation recorded in Iraq?
- The lowest recorded value was 7.53 trillion constant LCU in 2007.
- How does Iraq rank for gross fixed capital formation?
- Iraq ranks 22nd out of 167 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Iraq?
- Over the last ten years it is down 73.0%. 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 fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.