China (People’s Republic of) vs Iraq: Gross capital formation
Gross capital formation over time
- China (People’s Republic of)
- Iraq
How they compare
Iraq currently reports 69.57 trillion current LCU against 54.57 trillion current LCU in China (People’s Republic of), a difference of 14.99 trillion current LCU.
That makes Iraq's figure about 1.3 times China (People’s Republic of)'s.
The two have swapped places 9 times across 55 shared years of data; in 1970 it was China (People’s Republic of) ahead.
China (People’s Republic of) ranks 19th and Iraq ranks 16th of 186 countries.
Across the 6 decades both report, China (People’s Republic of) averaged higher in 2 and Iraq in 4.
Head to head by decade
| Decade | China (People’s Republic of) | Iraq | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 102.51 billion current LCU | 1.09 billion current LCU | 101.42 billion current LCU | China (People’s Republic of) |
| 1980s | 336.94 billion current LCU | 3.75 billion current LCU | 333.19 billion current LCU | China (People’s Republic of) |
| 1990s | 2.02 trillion current LCU | 2.36 trillion current LCU | 339.43 billion current LCU | Iraq |
| 2000s | 8.12 trillion current LCU | 13.56 trillion current LCU | 5.44 trillion current LCU | Iraq |
| 2010s | 30.64 trillion current LCU | 42.48 trillion current LCU | 11.84 trillion current LCU | Iraq |
| 2020s | 50.85 trillion current LCU | 71.20 trillion current LCU | 20.36 trillion current LCU | Iraq |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, China (People’s Republic of) or Iraq?
- Iraq, at 69.57 trillion current LCU against 54.57 trillion current LCU in China (People’s Republic of) as of 2024.
- What is the difference in gross capital formation between China (People’s Republic of) and Iraq?
- 14.99 trillion current LCU, with Iraq ahead.
- How many years of comparable data are there for China (People’s Republic of) and Iraq?
- 55 years are reported by both, from 1970 to 2024.
- How do China (People’s Republic of) and Iraq rank globally for gross capital formation?
- China (People’s Republic of) ranks 19th and Iraq ranks 16th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.