Gross fixed capital formation in Iraq
Iraq: Gross fixed capital formation was 14.4% in 2024. ◆ Volatile
Gross fixed 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 fixed capital formation in Iraq is 14.4%, measured in 2024.
That represents a change of up 15.1% on the previous year and down 31.5% over ten years.
Over the whole period, gross fixed capital formation in Iraq peaked at 51.4% in 1982 and was at its lowest, 0.7%, in 1996.
That places Iraq 159th out of 181 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Iraq, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 15.8% | — |
| 1971 | 14.2% | -9.8% |
| 1972 | 15.9% | +11.3% |
| 1973 | 18.6% | +17.1% |
| 1974 | 18.5% | -0.4% |
| 1975 | 26.7% | +44.6% |
| 1976 | 25.5% | -4.6% |
| 1977 | 25.2% | -1.1% |
| 1978 | 28.4% | +12.7% |
| 1979 | 24.3% | -14.4% |
| 1980 | 24.1% | -0.7% |
| 1981 | 50.3% | +108.4% |
| 1982 | 51.4% | +2.2% |
| 1983 | 43.7% | -15.0% |
| 1984 | 30.5% | -30.3% |
| 1985 | 28.7% | -6.0% |
| 1986 | 26.3% | -8.1% |
| 1987 | 20.8% | -21.1% |
| 1988 | 22.6% | +8.9% |
| 1989 | 30.9% | +36.6% |
| 1990 | 11.1% | -64.0% |
| 1991 | 4.9% | -55.8% |
| 1992 | 5.0% | +1.3% |
| 1993 | 7.5% | +49.9% |
| 1994 | 2.8% | -62.3% |
| 1995 | 1.7% | -38.5% |
| 1996 | 0.7% | -57.6% |
| 1997 | 1.7% | +128.1% |
| 1998 | 2.4% | +43.6% |
| 1999 | 2.2% | -9.0% |
| 2000 | 2.9% | +33.3% |
| 2001 | 6.1% | +110.0% |
| 2002 | 5.4% | -12.5% |
| 2003 | 10.7% | +98.7% |
| 2004 | 5.4% | -49.6% |
| 2005 | 13.8% | +157.9% |
| 2006 | 17.7% | +27.8% |
| 2007 | 6.8% | -61.8% |
| 2008 | 14.8% | +119.1% |
| 2009 | 10.3% | -30.3% |
| 2010 | 16.2% | +57.1% |
| 2011 | 17.1% | +5.8% |
| 2012 | 15.0% | -12.5% |
| 2013 | 20.1% | +34.1% |
| 2014 | 21.0% | +4.2% |
| 2015 | 26.0% | +24.1% |
| 2016 | 14.6% | -44.0% |
| 2017 | 14.6% | +0.1% |
| 2018 | 14.2% | -2.8% |
| 2019 | 19.8% | +39.5% |
| 2020 | 7.8% | -60.7% |
| 2021 | 10.1% | +30.3% |
| 2022 | 9.7% | -4.3% |
| 2023 | 12.5% | +28.7% |
| 2024 | 14.4% | +15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.3% | 14.2% | 28.4% | 10 |
| 1980s | 32.9% | 20.8% | 51.4% | 10 |
| 1990s | 4.0% | 0.7% | 11.1% | 10 |
| 2000s | 9.4% | 2.9% | 17.7% | 10 |
| 2010s | 17.9% | 14.2% | 26.0% | 10 |
| 2020s | 10.9% | 7.8% | 14.4% | 5 |
Countries ranked near Iraq
- 156 Tunisia 15.2% compare
- 157 Luxembourg 15.0% compare
- 158 Central African Republic 14.8% compare
- 160 Libya 14.3% compare
- 161 Puerto Rico 13.9% compare
- 162 South Africa 13.9% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.04 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 216.2 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 51.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 281,061 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0439 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 237.26 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 112,723 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -19.94 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Iraq?
- Gross fixed capital formation in Iraq was 14.4% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Iraq?
- The highest recorded value was 51.4% in 1982.
- What is the lowest gross fixed capital formation recorded in Iraq?
- The lowest recorded value was 0.7% in 1996.
- How does Iraq rank for gross fixed capital formation?
- Iraq ranks 159th 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 31.5%. 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 fixed capital formation (% of GDP). 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 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.