Gross capital formation in Iraq
Iraq: Gross capital formation was 53.51 billion current US$ in 2024. ◆ Volatile
Gross capital formation in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross capital formation in Iraq stood at 53.51 billion current US$.
That represents a change of down 1.9% on the previous year and up 28.6% over ten years.
Over the whole period, gross capital formation in Iraq peaked at 79.96 billion current US$ in 1990 and was at its lowest, -2.47 billion current US$, in 1989.
Iraq ranks 54th of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.67 billion current US$ | 567.84 million current US$ | 11.10 billion current US$ | 10 |
| 1980s | 12.31 billion current US$ | -2.47 billion current US$ | 24.57 billion current US$ | 10 |
| 1990s | 11.23 billion current US$ | -52.52 million current US$ | 79.96 billion current US$ | 10 |
| 2000s | 10.87 billion current US$ | 2.33 billion current US$ | 19.98 billion current US$ | 10 |
| 2010s | 36.19 billion current US$ | 21.98 billion current US$ | 53.13 billion current US$ | 10 |
| 2020s | 52.66 billion current US$ | 40.43 billion current US$ | 69.87 billion current US$ | 5 |
Countries ranked near Iraq
More economy & growth data for Iraq
- External balance on goods and services as a percent of GDP 2.4% (2024)
- Inflation of consumer prices 0.3% (2025)
- GDP per capita 4,005 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.0% (2025)
- Gross domestic product (GDP) 188.32 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,005 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,300 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 464.62 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 357.40 million current US$ (2024)
- Net primary income (Net income from abroad) 1.73 trillion current LCU (2024)
Frequently asked questions
- What is gross capital formation in Iraq?
- Gross capital formation in Iraq was 53.51 billion current 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 79.96 billion current US$ in 1990.
- What is the lowest gross capital formation recorded in Iraq?
- The lowest recorded value was -2.47 billion current US$ in 1989.
- How does Iraq rank for gross capital formation?
- Iraq ranks 54th out of 185 countries with data for 2024.
- Is gross capital formation rising or falling in Iraq?
- Over the last ten years it is up 28.6%. 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.