Gross capital formation in Iraq
Iraq: Gross capital formation was 69.57 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
69.57 trillion current LCU
Change on year
down 3.1%
World rank
16th
of 187 countries
All-time high
101.32 trillion current LCU
in 2022
All-time low
-5.47 billion current LCU
in 1991
Years of data
55
1970–2024
Gross capital formation in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross capital formation in Iraq stood at 69.57 trillion current LCU.
Compared with earlier readings it is down 3.1% on the previous year and up 43.4% over ten years.
Over the whole period, gross capital formation in Iraq peaked at 101.32 trillion current LCU in 2022 and was at its lowest, -5.47 billion current LCU, in 1991.
That places Iraq 16th out of 187 countries with data for 2024, putting it in the top 10%.
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 | current LCU | Change |
|---|---|---|
| 1970 | 202.80 million current LCU | — |
| 1971 | 209.40 million current LCU | +3.3% |
| 1972 | 273.30 million current LCU | +30.5% |
| 1973 | 358.90 million current LCU | +31.3% |
| 1974 | 948.90 million current LCU | +164.4% |
| 1975 | 1.42 billion current LCU | +49.6% |
| 1976 | 1.30 billion current LCU | -8.5% |
| 1977 | 1.49 billion current LCU | +15.0% |
| 1978 | 1.46 billion current LCU | -2.5% |
| 1979 | 3.28 billion current LCU | +125.2% |
| 1980 | 4.86 billion current LCU | +48.2% |
| 1981 | 7.02 billion current LCU | +44.5% |
| 1982 | 7.37 billion current LCU | +5.0% |
| 1983 | 1.98 billion current LCU | -73.1% |
| 1984 | 2.70 billion current LCU | +36.3% |
| 1985 | 3.66 billion current LCU | +35.7% |
| 1986 | 2.87 billion current LCU | -21.7% |
| 1987 | 3.53 billion current LCU | +23.2% |
| 1988 | 4.28 billion current LCU | +21.1% |
| 1989 | -764.40 million current LCU | -117.9% |
| 1990 | 24.79 billion current LCU | -3342.6% |
| 1991 | -5.47 billion current LCU | -122.1% |
| 1992 | 36.59 billion current LCU | -769.3% |
| 1993 | 190.87 billion current LCU | +421.6% |
| 1994 | 964.68 billion current LCU | +405.4% |
| 1995 | 3.44 trillion current LCU | +257.1% |
| 1996 | 3.77 trillion current LCU | +9.5% |
| 1997 | 634.46 billion current LCU | -83.2% |
| 1998 | 1.27 trillion current LCU | +99.5% |
| 1999 | 13.23 trillion current LCU | +945.2% |
| 2000 | 14.64 trillion current LCU | +10.6% |
| 2001 | 17.94 trillion current LCU | +22.6% |
| 2002 | 7.48 trillion current LCU | -58.3% |
| 2003 | 3.15 trillion current LCU | -57.9% |
| 2004 | 9.01 trillion current LCU | +185.8% |
| 2005 | 16.29 trillion current LCU | +80.9% |
| 2006 | 18.08 trillion current LCU | +11.0% |
| 2007 | 10.41 trillion current LCU | -42.4% |
| 2008 | 23.84 trillion current LCU | +129.0% |
| 2009 | 14.76 trillion current LCU | -38.1% |
| 2010 | 25.72 trillion current LCU | +74.2% |
| 2011 | 36.42 trillion current LCU | +41.6% |
| 2012 | 34.18 trillion current LCU | -6.1% |
| 2013 | 55.45 trillion current LCU | +62.2% |
| 2014 | 48.52 trillion current LCU | -12.5% |
| 2015 | 39.64 trillion current LCU | -18.3% |
| 2016 | 35.20 trillion current LCU | -11.2% |
| 2017 | 39.57 trillion current LCU | +12.4% |
| 2018 | 47.29 trillion current LCU | +19.5% |
| 2019 | 62.80 trillion current LCU | +32.8% |
| 2020 | 48.19 trillion current LCU | -23.3% |
| 2021 | 65.15 trillion current LCU | +35.2% |
| 2022 | 101.32 trillion current LCU | +55.5% |
| 2023 | 71.78 trillion current LCU | -29.2% |
| 2024 | 69.57 trillion current LCU | -3.1% |
Iraq compared with similar countries
- Iraq's 69.57 trillion current LCU is above the median for upper middle income countries, which is 296.90 billion current LCU, 234.3× the median. (52 countries reporting)
- Iraq's 69.57 trillion current LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 262.91 billion current LCU, 264.6× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +3342.6% | -764.40 million current LCU | 24.79 billion current LCU |
| 1999 | +945.2% | 1.27 trillion current LCU | 13.23 trillion current LCU |
| 1992 | +769.3% | -5.47 billion current LCU | 36.59 billion current LCU |
| 1993 | +421.6% | 36.59 billion current LCU | 190.87 billion current LCU |
| 1994 | +405.4% | 190.87 billion current LCU | 964.68 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.09 billion current LCU | 202.80 million current LCU | 3.28 billion current LCU | 10 |
| 1980s | 3.75 billion current LCU | -764.40 million current LCU | 7.37 billion current LCU | 10 |
| 1990s | 2.36 trillion current LCU | -5.47 billion current LCU | 13.23 trillion current LCU | 10 |
| 2000s | 13.56 trillion current LCU | 3.15 trillion current LCU | 23.84 trillion current LCU | 10 |
| 2010s | 42.48 trillion current LCU | 25.72 trillion current LCU | 62.80 trillion current LCU | 10 |
| 2020s | 71.20 trillion current LCU | 48.19 trillion current LCU | 101.32 trillion current LCU | 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 in Iraq?
- Gross capital formation in Iraq was 69.57 trillion current LCU 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 101.32 trillion current LCU in 2022.
- What is the lowest gross capital formation recorded in Iraq?
- The lowest recorded value was -5.47 billion current LCU in 1991.
- How does Iraq rank for gross capital formation?
- Iraq ranks 16th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Iraq?
- Over the last ten years it is up 43.4%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.