Gross capital formation (constant LCU), annual growth rate in Iraq
Iraq: Gross capital formation (constant LCU), annual growth rate was -40.48 % change on previous year in 2024. ◆ Volatile
Gross capital formation (constant LCU), annual growth rate in Iraq, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iraq recorded -40.48 % change on previous year for gross capital formation (constant lcu), annual growth rate in 2024. That is the lowest value across all 17 years on record.
The figure is down 0.3% on the previous year and down 582.5% over ten years.
Over the whole period, gross capital formation (constant lcu), annual growth rate in Iraq peaked at 75.97 % change on previous year in 2008 and was at its lowest, -40.48 % change on previous year, in 2024.
Iraq ranks 169th of 169 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 (constant LCU), annual growth rate in Iraq, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2008 | 75.97 % change on previous year | — |
| 2009 | -24.46 % change on previous year | -132.2% |
| 2010 | 52.5 % change on previous year | -314.7% |
| 2011 | 13.25 % change on previous year | -74.8% |
| 2012 | -8.16 % change on previous year | -161.6% |
| 2013 | 61.48 % change on previous year | -853.4% |
| 2014 | -5.93 % change on previous year | -109.6% |
| 2015 | 24.13 % change on previous year | -506.8% |
| 2016 | -17.48 % change on previous year | -172.5% |
| 2017 | -0.3662 % change on previous year | -97.9% |
| 2018 | 2.66 % change on previous year | -825.4% |
| 2019 | 38.63 % change on previous year | +1354.3% |
| 2020 | -34.92 % change on previous year | -190.4% |
| 2021 | 18.88 % change on previous year | -154.1% |
| 2022 | 33.23 % change on previous year | +76.0% |
| 2023 | -40.36 % change on previous year | -221.4% |
| 2024 | -40.48 % change on previous year | +0.3% |
Iraq compared with similar countries
- Iraq's -40.48 % change on previous year is below the median for upper middle income countries, which is 8.03 % change on previous year. (47 countries reporting)
- Iraq's -40.48 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.07 % change on previous year. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.75 % change on previous year | -24.46 % change on previous year | 75.97 % change on previous year | 2 |
| 2010s | 16.07 % change on previous year | -17.48 % change on previous year | 61.48 % change on previous year | 10 |
| 2020s | -12.73 % change on previous year | -40.48 % change on previous year | 33.23 % change on previous year | 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)
- 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 (constant lcu), annual growth rate in Iraq?
- Gross capital formation (constant lcu), annual growth rate in Iraq was -40.48 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross capital formation (constant lcu), annual growth rate recorded in Iraq?
- The highest recorded value was 75.97 % change on previous year in 2008.
- What is the lowest gross capital formation (constant lcu), annual growth rate recorded in Iraq?
- The lowest recorded value was -40.48 % change on previous year in 2024.
- How does Iraq rank for gross capital formation (constant lcu), annual growth rate?
- Iraq ranks 169th out of 169 countries with data for 2024.
- Is gross capital formation (constant lcu), annual growth rate 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 Statizoid (derived), published as part of Gross capital formation (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross capital formation (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross capital formation (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.