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 26th out of 230 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Iraq, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 576.21 million SLC | — |
| 1971 | 608.52 million SLC | +5.6% |
| 1972 | 679.65 million SLC | +11.7% |
| 1973 | 917.54 million SLC | +35.0% |
| 1974 | 2,074 million SLC | +126.1% |
| 1975 | 3,443 million SLC | +66.0% |
| 1976 | 4,328 million SLC | +25.7% |
| 1977 | 4,749 million SLC | +9.7% |
| 1978 | 6,440 million SLC | +35.6% |
| 1979 | 8,937 million SLC | +38.8% |
| 1980 | 12,265 million SLC | +37.2% |
| 1981 | 18,858 million SLC | +53.8% |
| 1982 | 21,303 million SLC | +13.0% |
| 1983 | 13,463 million SLC | -36.8% |
| 1984 | 11,169 million SLC | -17.0% |
| 1985 | 10,680 million SLC | -4.4% |
| 1986 | 9,726 million SLC | -8.9% |
| 1987 | 9,323 million SLC | -4.1% |
| 1988 | 11,106 million SLC | +19.1% |
| 1989 | 16,083 million SLC | +44.8% |
| 1990 | 15,978 million SLC | -0.6% |
| 1991 | 9,199 million SLC | -42.4% |
| 1992 | 26,167 million SLC | +184.5% |
| 1993 | 64,704 million SLC | +147.3% |
| 1994 | 118,104 million SLC | +82.5% |
| 1995 | 284,626 million SLC | +141.0% |
| 1996 | 111,816 million SLC | -60.7% |
| 1997 | 353,679 million SLC | +216.3% |
| 1998 | 576,387 million SLC | +63.0% |
| 1999 | 1.06 million million SLC | +83.1% |
| 2000 | 2.05 million million SLC | +94.2% |
| 2001 | 3.54 million million SLC | +72.8% |
| 2002 | 3.08 million million SLC | -13.1% |
| 2003 | 4.41 million million SLC | +43.3% |
| 2004 | 4.00 million million SLC | -9.3% |
| 2005 | 14.03 million million SLC | +250.9% |
| 2006 | 20.09 million million SLC | +43.3% |
| 2007 | 8.93 million million SLC | -55.5% |
| 2008 | 28.10 million million SLC | +214.7% |
| 2009 | 15.90 million million SLC | -43.4% |
| 2010 | 31.04 million million SLC | +95.2% |
| 2011 | 42.25 million million SLC | +36.1% |
| 2012 | 44.72 million million SLC | +5.9% |
| 2013 | 62.35 million million SLC | +39.4% |
| 2014 | 64.04 million million SLC | +2.7% |
| 2015 | 53.80 million million SLC | -16.0% |
| 2016 | 30.30 million million SLC | -43.7% |
| 2017 | 34.52 million million SLC | +13.9% |
| 2018 | 41.06 million million SLC | +19.0% |
| 2019 | 59.24 million million SLC | +44.3% |
| 2020 | 16.68 million million SLC | -71.8% |
| 2021 | 32.91 million million SLC | +97.3% |
| 2022 | 41.30 million million SLC | +25.5% |
| 2023 | 28.47 million million SLC | -31.1% |
| 2024 | 39.41 million million SLC | +38.4% |
Iraq compared with similar countries
- Iraq's 39.41 million million SLC is above the median for upper middle income countries, which is 199,742 million SLC, 197.3× the median. (54 countries reporting)
- Iraq's 39.41 million million SLC is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 347,392 million SLC, 113.5× the median. (22 countries reporting)
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
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 — 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 26th out of 230 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.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).