Gross capital formation in Iraq
Iraq: Gross capital formation was 19.1% in 2024. ◆ Volatile
Gross capital formation in Iraq, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross capital formation in Iraq is 19.1%, measured in 2024.
The figure is down 5.7% on the previous year and up 5.1% over ten years.
Over the whole period, gross capital formation in Iraq peaked at 61.9% in 1981 and was at its lowest, -12.9%, in 1991.
That places Iraq 139th out of 187 countries with data for 2024, putting it 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 | % of GDP | Change |
|---|---|---|
| 1970 | 17.3% | — |
| 1971 | 15.3% | -11.4% |
| 1972 | 20.0% | +30.2% |
| 1973 | 23.1% | +15.6% |
| 1974 | 27.9% | +20.9% |
| 1975 | 35.7% | +28.0% |
| 1976 | 24.8% | -30.6% |
| 1977 | 25.5% | +2.9% |
| 1978 | 20.7% | -18.6% |
| 1979 | 29.4% | +41.5% |
| 1980 | 30.8% | +5.0% |
| 1981 | 61.9% | +100.8% |
| 1982 | 58.0% | -6.3% |
| 1983 | 15.7% | -72.9% |
| 1984 | 18.6% | +18.2% |
| 1985 | 24.4% | +31.5% |
| 1986 | 19.6% | -19.8% |
| 1987 | 20.1% | +2.6% |
| 1988 | 22.0% | +9.7% |
| 1989 | -3.7% | -117.0% |
| 1990 | 44.3% | -1283.3% |
| 1991 | -12.9% | -129.1% |
| 1992 | 31.8% | -346.8% |
| 1993 | 59.3% | +86.7% |
| 1994 | 58.2% | -2.0% |
| 1995 | 51.4% | -11.6% |
| 1996 | 58.0% | +12.8% |
| 1997 | 4.2% | -92.8% |
| 1998 | 7.4% | +75.9% |
| 1999 | 38.4% | +419.4% |
| 2000 | 29.1% | -24.1% |
| 2001 | 43.4% | +49.0% |
| 2002 | 18.2% | -58.0% |
| 2003 | 10.7% | -41.6% |
| 2004 | 16.9% | +58.8% |
| 2005 | 22.2% | +31.0% |
| 2006 | 18.9% | -14.6% |
| 2007 | 9.3% | -50.6% |
| 2008 | 15.2% | +62.5% |
| 2009 | 11.3% | -25.6% |
| 2010 | 15.9% | +40.5% |
| 2011 | 16.8% | +5.6% |
| 2012 | 13.4% | -19.8% |
| 2013 | 20.3% | +50.7% |
| 2014 | 18.2% | -10.1% |
| 2015 | 20.4% | +11.8% |
| 2016 | 17.9% | -12.2% |
| 2017 | 17.9% | -0.1% |
| 2018 | 17.6% | -1.5% |
| 2019 | 22.7% | +29.3% |
| 2020 | 22.3% | -1.7% |
| 2021 | 21.4% | -4.1% |
| 2022 | 24.3% | +13.5% |
| 2023 | 20.3% | -16.6% |
| 2024 | 19.1% | -5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.0% | 15.3% | 35.7% | 10 |
| 1980s | 26.7% | -3.7% | 61.9% | 10 |
| 1990s | 34.0% | -12.9% | 59.3% | 10 |
| 2000s | 19.5% | 9.3% | 43.4% | 10 |
| 2010s | 18.1% | 13.4% | 22.7% | 10 |
| 2020s | 21.5% | 19.1% | 24.3% | 5 |
Countries ranked near Iraq
- 136 Cameroon 19.3% compare
- 137 Côte d'Ivoire 19.3% compare
- 138 Cyprus 19.3% compare
- 140 Trinidad and Tobago 19.0% compare
- 141 Azerbaijan 18.9% compare
- 142 Seychelles 18.7% 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)
- Gross capital formation (current US$), annual growth rate -1.91 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.1914 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 1,162 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -3.09 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 248.77 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 1.51 million current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate -40.48 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.052 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation in Iraq?
- Gross capital formation in Iraq was 19.1% 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 61.9% in 1981.
- What is the lowest gross capital formation recorded in Iraq?
- The lowest recorded value was -12.9% in 1991.
- How does Iraq rank for gross capital formation?
- Iraq ranks 139th 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 5.1%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.