Gross capital formation in Iraq
Iraq: Gross capital formation was -40.5% in 2024. ◆ Volatile
Gross capital formation in Iraq, 2008–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Iraq recorded -40.5% for gross capital formation in 2024. That is the lowest value across all 17 years on record.
That represents a change of down 0.3% on the previous year and down 582.5% over ten years.
Over the whole period, gross capital formation in Iraq peaked at 76.0% in 2008 and was at its lowest, -40.5%, in 2024.
Iraq ranks 167th of 168 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Iraq, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2008 | 76.0% | — |
| 2009 | -24.5% | -132.2% |
| 2010 | 52.5% | -314.7% |
| 2011 | 13.2% | -74.8% |
| 2012 | -8.2% | -161.6% |
| 2013 | 61.5% | -853.4% |
| 2014 | -5.9% | -109.6% |
| 2015 | 24.1% | -506.8% |
| 2016 | -17.5% | -172.5% |
| 2017 | -0.4% | -97.9% |
| 2018 | 2.7% | -825.2% |
| 2019 | 38.6% | +1354.2% |
| 2020 | -34.9% | -190.4% |
| 2021 | 18.9% | -154.1% |
| 2022 | 33.2% | +76.0% |
| 2023 | -40.4% | -221.4% |
| 2024 | -40.5% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.8% | -24.5% | 76.0% | 2 |
| 2010s | 16.1% | -17.5% | 61.5% | 10 |
| 2020s | -12.7% | -40.5% | 33.2% | 5 |
Countries ranked near Iraq
More economy & growth data for Iraq
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.44 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.56 Percent per annum (2029)
- Services, value added (constant LCU), per capita 1.69 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate -7.03 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth -9.04 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 5,410 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth -9.04 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,300 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 7.03 million current LCU per person (2025)
Frequently asked questions
- What is gross capital formation in Iraq?
- Gross capital formation in Iraq was -40.5% 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 76.0% in 2008.
- What is the lowest gross capital formation recorded in Iraq?
- The lowest recorded value was -40.5% in 2024.
- How does Iraq rank for gross capital formation?
- Iraq ranks 167th out of 168 countries with data for 2024.
- Is gross capital formation rising or falling in Iraq?
- Over the last ten years it is down 582.5%. 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 capital formation (annual % growth). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.