Gross fixed capital formation in Iraq
Iraq: Gross fixed capital formation was 52.19 trillion current LCU in 2024. ◆ Volatile
Gross fixed 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 fixed capital formation in Iraq stood at 52.19 trillion current LCU.
That represents a change of up 18.3% on the previous year and down 6.5% over ten years.
Over the whole period, gross fixed capital formation in Iraq peaked at 55.84 trillion current LCU in 2014 and was at its lowest, 185.10 million current LCU, in 1970.
That places Iraq 18th out of 180 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 | 1.01 billion current LCU | 185.10 million current LCU | 2.71 billion current LCU | 10 |
| 1980s | 4.85 billion current LCU | 3.66 billion current LCU | 6.54 billion current LCU | 10 |
| 1990s | 166.77 billion current LCU | 2.09 billion current LCU | 754.49 billion current LCU | 10 |
| 2000s | 8.35 trillion current LCU | 1.47 trillion current LCU | 23.24 trillion current LCU | 10 |
| 2010s | 41.69 trillion current LCU | 26.25 trillion current LCU | 55.84 trillion current LCU | 10 |
| 2020s | 36.84 trillion current LCU | 16.75 trillion current LCU | 52.19 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 fixed capital formation in Iraq?
- Gross fixed capital formation in Iraq was 52.19 trillion current 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 55.84 trillion current LCU in 2014.
- What is the lowest gross fixed capital formation recorded in Iraq?
- The lowest recorded value was 185.10 million current LCU in 1970.
- How does Iraq rank for gross fixed capital formation?
- Iraq ranks 18th out of 180 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Iraq?
- Over the last ten years it is down 6.5%. 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 fixed capital formation (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.