Gross Fixed Capital Formation — Value Standard Local Currency in Iraq
Iraq: Gross Fixed Capital Formation — Value Standard Local Currency was 39.41 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Iraq, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in Iraq is 39.41 million million SLC, measured in 2024.
The figure is up 38.4% on the previous year and down 38.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Iraq peaked at 64.04 million million SLC in 2014 and was at its lowest, 576.21 million SLC, in 1970.
That places Iraq 18th out of 199 countries with data for 2024, putting it in the top 10%.
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 | 3,275 million SLC | 576.21 million SLC | 8,937 million SLC | 10 |
| 1980s | 13,398 million SLC | 9,323 million SLC | 21,303 million SLC | 10 |
| 1990s | 261,603 million SLC | 9,199 million SLC | 1.06 million million SLC | 10 |
| 2000s | 10.41 million million SLC | 2.05 million million SLC | 28.10 million million SLC | 10 |
| 2010s | 46.33 million million SLC | 30.30 million million SLC | 64.04 million million SLC | 10 |
| 2020s | 31.75 million million SLC | 16.68 million million SLC | 41.30 million million SLC | 5 |
Countries ranked near Iraq
- 15 Uganda 49.30 million million SLC compare
- 16 Cook Islands 113.19 million SLC compare
- 16 Myanmar 45.69 million million SLC compare
- 17 Montserrat 57.65 million SLC compare
- 17 Russian Federation 43.92 million million SLC compare
- 19 Guinea 36.91 million million SLC compare
- 20 Kazakhstan 34.04 million million SLC compare
- 21 Sudan 25.52 million million SLC 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)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0006 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,780 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,300 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0008 (2025)
- Gdp worldbank constant usd, annual growth rate -2.16 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7403 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 4,005 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Iraq?
- Gross fixed capital formation — value standard local currency in Iraq was 39.41 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Iraq?
- The highest recorded value was 64.04 million million SLC in 2014.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Iraq?
- The lowest recorded value was 576.21 million SLC in 1970.
- How does Iraq rank for gross fixed capital formation — value standard local currency?
- Iraq ranks 18th out of 199 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Iraq?
- Over the last ten years it is down 38.5%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).