Gross capital formation in Iraq
Iraq: Gross capital formation was 53.51 billion current US$ in 2024. ◆ Volatile
Latest (2024)
53.51 billion current US$
Change on year
down 1.9%
World rank
54th
of 187 countries
All-time high
79.96 billion current US$
in 1990
All-time low
-2.47 billion current US$
in 1989
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 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$, in 1989.
Iraq ranks 54th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Iraq, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 567.84 million current US$ | — |
| 1971 | 592.36 million current US$ | +4.3% |
| 1972 | 820.97 million current US$ | +38.6% |
| 1973 | 1.18 billion current US$ | +44.3% |
| 1974 | 3.21 billion current US$ | +171.2% |
| 1975 | 4.81 billion current US$ | +49.6% |
| 1976 | 4.40 billion current US$ | -8.5% |
| 1977 | 5.06 billion current US$ | +15.0% |
| 1978 | 4.93 billion current US$ | -2.5% |
| 1979 | 11.10 billion current US$ | +125.2% |
| 1980 | 16.20 billion current US$ | +45.9% |
| 1981 | 23.41 billion current US$ | +44.5% |
| 1982 | 24.57 billion current US$ | +5.0% |
| 1983 | 6.39 billion current US$ | -74.0% |
| 1984 | 8.71 billion current US$ | +36.3% |
| 1985 | 11.82 billion current US$ | +35.7% |
| 1986 | 9.25 billion current US$ | -21.7% |
| 1987 | 11.40 billion current US$ | +23.2% |
| 1988 | 13.80 billion current US$ | +21.1% |
| 1989 | -2.47 billion current US$ | -117.9% |
| 1990 | 79.96 billion current US$ | -3342.6% |
| 1991 | -52.52 million current US$ | -100.1% |
| 1992 | 176.02 million current US$ | -435.1% |
| 1993 | 612.37 million current US$ | +247.9% |
| 1994 | 2.32 billion current US$ | +279.2% |
| 1995 | 6.63 billion current US$ | +185.7% |
| 1996 | 6.05 billion current US$ | -8.8% |
| 1997 | 872.87 million current US$ | -85.6% |
| 1998 | 1.52 billion current US$ | +74.6% |
| 1999 | 14.16 billion current US$ | +829.1% |
| 2000 | 14.10 billion current US$ | -0.4% |
| 2001 | 15.71 billion current US$ | +11.4% |
| 2002 | 6.00 billion current US$ | -61.8% |
| 2003 | 2.33 billion current US$ | -61.1% |
| 2004 | 6.20 billion current US$ | +165.4% |
| 2005 | 11.09 billion current US$ | +79.0% |
| 2006 | 12.32 billion current US$ | +11.1% |
| 2007 | 8.30 billion current US$ | -32.7% |
| 2008 | 19.98 billion current US$ | +140.8% |
| 2009 | 12.61 billion current US$ | -36.9% |
| 2010 | 21.98 billion current US$ | +74.3% |
| 2011 | 31.13 billion current US$ | +41.6% |
| 2012 | 29.31 billion current US$ | -5.8% |
| 2013 | 47.56 billion current US$ | +62.2% |
| 2014 | 41.61 billion current US$ | -12.5% |
| 2015 | 33.95 billion current US$ | -18.4% |
| 2016 | 29.81 billion current US$ | -12.2% |
| 2017 | 33.42 billion current US$ | +12.1% |
| 2018 | 39.98 billion current US$ | +19.6% |
| 2019 | 53.13 billion current US$ | +32.9% |
| 2020 | 40.43 billion current US$ | -23.9% |
| 2021 | 44.93 billion current US$ | +11.2% |
| 2022 | 69.87 billion current US$ | +55.5% |
| 2023 | 54.56 billion current US$ | -21.9% |
| 2024 | 53.51 billion current US$ | -1.9% |
Iraq compared with similar countries
- Iraq's 53.51 billion current US$ is above the median for upper middle income countries, which is 11.53 billion current US$, 4.6× the median. (52 countries reporting)
- Iraq's 53.51 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 24.30 billion current US$, 2.2× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation in Iraq changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +3342.6% | -2.47 billion current US$ | 79.96 billion current US$ |
| 1999 | +829.1% | 1.52 billion current US$ | 14.16 billion current US$ |
| 1992 | +435.1% | -52.52 million current US$ | 176.02 million current US$ |
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
- 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$), annual growth rate -10.28 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Iraq?
- Gross capital formation in Iraq was 53.51 billion current US$ 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 187 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.
Download this data
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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.