Iraq vs Turkmenistan: Gross Fixed Capital Formation — Value US$

Iraq
30,317 million USD
in 2024
Turkmenistan
32,005 million USD
in 2024
Iraq rank
60th
Turkmenistan rank
57th

Gross Fixed Capital Formation — Value US$ over time

  • Iraq
  • Turkmenistan
020.0k40.0k60.0k197019972024

How they compare

Turkmenistan currently reports 32,005 million USD against 30,317 million USD in Iraq, a difference of 1,688 million USD.

That makes Turkmenistan's figure about 1.1 times Iraq's.

The two have swapped places 8 times across 34 shared years of data; in 1991 it was Turkmenistan ahead.

Iraq ranks 60th and Turkmenistan ranks 57th of 203 countries.

Across the 4 decades both report, Iraq averaged higher in 2 and Turkmenistan in 2.

Head to head by decade

Decade Iraq Turkmenistan Difference Ahead
1990s 521.69 million USD 988.53 million USD 466.85 million USD Turkmenistan
2000s 7,861 million USD 3,814 million USD 4,048 million USD Iraq
2010s 39,510 million USD 18,203 million USD 21,307 million USD Iraq
2020s 23,436 million USD 27,438 million USD 4,001 million USD Turkmenistan

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross fixed capital formation — value us$, Iraq or Turkmenistan?
Turkmenistan, at 32,005 million USD against 30,317 million USD in Iraq as of 2024.
What is the difference in gross fixed capital formation — value us$ between Iraq and Turkmenistan?
1,688 million USD, with Turkmenistan ahead.
How many years of comparable data are there for Iraq and Turkmenistan?
34 years are reported by both, from 1991 to 2024.
How do Iraq and Turkmenistan rank globally for gross fixed capital formation — value us$?
Iraq ranks 60th and Turkmenistan ranks 57th of 203 countries.
Where does this data come from?
Food and Agriculture Organization of the United Nations, published as Gross Fixed Capital Formation — Value US$. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iraq vs Turkmenistan: Gross Fixed Capital Formation — Value US$. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 25 August 2026, from https://economy.statizoid.com/compare/gross-fixed-capital-formation-value-us/iraq/turkmenistan/

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About this data

Indicator
Gross Fixed Capital Formation — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
251 places, 12,844 data points, 1970–2024
Last refreshed

The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).