Gross capital formation in Iraq
Iraq: Gross capital formation was 14.54 billion constant 2015 US$ in 2024. ▲ Rising
Gross capital formation in Iraq, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross capital formation in Iraq stood at 14.54 billion constant 2015 US$.
Compared with earlier readings it is down 40.5% on the previous year and down 46.9% over ten years.
Over the whole period, gross capital formation in Iraq peaked at 40.95 billion constant 2015 US$ in 2022 and was at its lowest, 8.54 billion constant 2015 US$, in 2007.
That places Iraq 71st out of 163 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Gross capital formation in Iraq, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2007 | 8.54 billion constant 2015 US$ | — |
| 2008 | 15.03 billion constant 2015 US$ | +76.0% |
| 2009 | 11.35 billion constant 2015 US$ | -24.5% |
| 2010 | 17.31 billion constant 2015 US$ | +52.5% |
| 2011 | 19.61 billion constant 2015 US$ | +13.2% |
| 2012 | 18.01 billion constant 2015 US$ | -8.2% |
| 2013 | 29.08 billion constant 2015 US$ | +61.5% |
| 2014 | 27.35 billion constant 2015 US$ | -5.9% |
| 2015 | 33.95 billion constant 2015 US$ | +24.1% |
| 2016 | 28.02 billion constant 2015 US$ | -17.5% |
| 2017 | 27.92 billion constant 2015 US$ | -0.4% |
| 2018 | 28.66 billion constant 2015 US$ | +2.7% |
| 2019 | 39.73 billion constant 2015 US$ | +38.6% |
| 2020 | 25.85 billion constant 2015 US$ | -34.9% |
| 2021 | 30.74 billion constant 2015 US$ | +18.9% |
| 2022 | 40.95 billion constant 2015 US$ | +33.2% |
| 2023 | 24.42 billion constant 2015 US$ | -40.4% |
| 2024 | 14.54 billion constant 2015 US$ | -40.5% |
Iraq compared with similar countries
- Iraq's 14.54 billion constant 2015 US$ is above the median for upper middle income countries, which is 14.20 billion constant 2015 US$, 1.0× the median. (45 countries reporting)
- Iraq's 14.54 billion constant 2015 US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 23.64 billion constant 2015 US$, 62% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.64 billion constant 2015 US$ | 8.54 billion constant 2015 US$ | 15.03 billion constant 2015 US$ | 3 |
| 2010s | 26.96 billion constant 2015 US$ | 17.31 billion constant 2015 US$ | 39.73 billion constant 2015 US$ | 10 |
| 2020s | 27.30 billion constant 2015 US$ | 14.54 billion constant 2015 US$ | 40.95 billion constant 2015 US$ | 5 |
Countries ranked near Iraq
- 68 Serbia 16.06 billion constant 2015 US$ compare
- 69 Guatemala 15.68 billion constant 2015 US$ compare
- 70 Bulgaria 14.61 billion constant 2015 US$ compare
- 72 Lithuania 14.31 billion constant 2015 US$ compare
- 73 Uganda 14.21 billion constant 2015 US$ compare
- 74 Paraguay 14.20 billion constant 2015 US$ compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 438.70 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0016 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 9.53 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.65 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -42.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0274 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -166.13 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Iraq?
- Gross capital formation in Iraq was 14.54 billion constant 2015 US$ 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 40.95 billion constant 2015 US$ in 2022.
- What is the lowest gross capital formation recorded in Iraq?
- The lowest recorded value was 8.54 billion constant 2015 US$ in 2007.
- How does Iraq rank for gross capital formation?
- Iraq ranks 71st out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in Iraq?
- Over the last ten years it is down 46.9%. 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 capital formation (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.