Gross fixed capital formation in Iraq
Iraq: Gross fixed capital formation 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$, in 1991.
Iraq ranks 57th of 179 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.39 billion current US$ | 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
- 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 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 179 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.