Gross fixed capital formation (current US$) in Iraq
Iraq: Gross fixed capital formation (current US$) was 40.15 billion current US$ in 2024. ◆ Volatile
Gross fixed capital formation in Iraq, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross fixed capital formation in Iraq is 40.15 billion current US$, measured in 2024.
Compared with earlier readings it is up 19.7% on the previous year and down 16.2% over ten years.
Over the whole period, gross fixed capital formation in Iraq peaked at 47.89 billion current US$ in 2014 and was at its lowest, 20.04 million current US$, in 1991.
Iraq ranks 57th of 181 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in Iraq, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 518.28 million current US$ | — |
| 1971 | 550.78 million current US$ | +6.3% |
| 1972 | 652.15 million current US$ | +18.4% |
| 1973 | 952.79 million current US$ | +46.1% |
| 1974 | 2.13 billion current US$ | +123.4% |
| 1975 | 3.60 billion current US$ | +69.0% |
| 1976 | 4.53 billion current US$ | +25.8% |
| 1977 | 5.00 billion current US$ | +10.5% |
| 1978 | 6.75 billion current US$ | +35.0% |
| 1979 | 9.19 billion current US$ | +36.2% |
| 1980 | 12.69 billion current US$ | +38.1% |
| 1981 | 19.03 billion current US$ | +49.9% |
| 1982 | 21.79 billion current US$ | +14.5% |
| 1983 | 17.78 billion current US$ | -18.4% |
| 1984 | 14.30 billion current US$ | -19.6% |
| 1985 | 13.87 billion current US$ | -3.0% |
| 1986 | 12.45 billion current US$ | -10.3% |
| 1987 | 11.80 billion current US$ | -5.2% |
| 1988 | 14.18 billion current US$ | +20.2% |
| 1989 | 20.34 billion current US$ | +43.4% |
| 1990 | 20.06 billion current US$ | -1.4% |
| 1991 | 20.04 million current US$ | -99.9% |
| 1992 | 27.56 million current US$ | +37.5% |
| 1993 | 76.98 million current US$ | +179.3% |
| 1994 | 112.36 million current US$ | +46.0% |
| 1995 | 223.14 million current US$ | +98.6% |
| 1996 | 76.63 million current US$ | -65.7% |
| 1997 | 347.87 million current US$ | +353.9% |
| 1998 | 496.07 million current US$ | +42.6% |
| 1999 | 807.42 million current US$ | +62.8% |
| 2000 | 1.41 billion current US$ | +74.8% |
| 2001 | 2.22 billion current US$ | +57.1% |
| 2002 | 1.77 billion current US$ | -20.4% |
| 2003 | 2.33 billion current US$ | +32.3% |
| 2004 | 1.97 billion current US$ | -15.8% |
| 2005 | 6.93 billion current US$ | +252.5% |
| 2006 | 11.53 billion current US$ | +66.3% |
| 2007 | 6.00 billion current US$ | -47.9% |
| 2008 | 19.48 billion current US$ | +224.5% |
| 2009 | 11.51 billion current US$ | -40.9% |
| 2010 | 22.44 billion current US$ | +94.9% |
| 2011 | 31.84 billion current US$ | +41.9% |
| 2012 | 32.71 billion current US$ | +2.7% |
| 2013 | 47.20 billion current US$ | +44.3% |
| 2014 | 47.89 billion current US$ | +1.5% |
| 2015 | 43.39 billion current US$ | -9.4% |
| 2016 | 24.30 billion current US$ | -44.0% |
| 2017 | 27.31 billion current US$ | +12.4% |
| 2018 | 32.22 billion current US$ | +18.0% |
| 2019 | 46.18 billion current US$ | +43.3% |
| 2020 | 14.05 billion current US$ | -69.6% |
| 2021 | 21.22 billion current US$ | +51.0% |
| 2022 | 27.84 billion current US$ | +31.2% |
| 2023 | 33.53 billion current US$ | +20.4% |
| 2024 | 40.15 billion current US$ | +19.7% |
Iraq compared with similar countries
- Iraq's 40.15 billion current US$ is above the median for upper middle income countries, which is 10.71 billion current US$, 3.7× the median. (51 countries reporting)
- Iraq's 40.15 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 20.29 billion current US$, 2.0× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current US$) 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 |
|---|---|---|---|
| 1997 | +353.9% | 76.63 million current US$ | 347.87 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.39 billion current US$ | 518.28 million current US$ | 9.19 billion current US$ | 10 |
| 1980s | 15.82 billion current US$ | 11.80 billion current US$ | 21.79 billion current US$ | 10 |
| 1990s | 2.23 billion current US$ | 20.04 million current US$ | 20.06 billion current US$ | 10 |
| 2000s | 6.51 billion current US$ | 1.41 billion current US$ | 19.48 billion current US$ | 10 |
| 2010s | 35.55 billion current US$ | 22.44 billion current US$ | 47.89 billion current US$ | 10 |
| 2020s | 27.36 billion current US$ | 14.05 billion current US$ | 40.15 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)
- SDRs holdings, US dollar, annual growth rate 165.17 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 6.85 units per person (2025)
- SDRs holdings, SDR, annual growth rate 152.51 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0074 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Iraq?
- Gross fixed capital formation in Iraq was 40.15 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Iraq?
- The highest recorded value was 47.89 billion current US$ in 2014.
- What is the lowest gross fixed capital formation recorded in Iraq?
- The lowest recorded value was 20.04 million current US$ in 1991.
- How does Iraq rank for gross fixed capital formation?
- Iraq ranks 57th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Iraq?
- Over the last ten years it is down 16.2%. 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 Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.