Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Iraq
Iraq: Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) was 22,288 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Iraq, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Iraq is 22,288 million USD, measured in 2024.
The figure is up 26.6% on the previous year and down 41.8% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Iraq peaked at 46,090 million USD in 2015 and was at its lowest, 538.41 million USD, in 1996.
That places Iraq 80th out of 235 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Iraq, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 2,881 million USD | — |
| 1971 | 2,808 million USD | -2.5% |
| 1972 | 3,021 million USD | +7.6% |
| 1973 | 4,327 million USD | +43.2% |
| 1974 | 5,028 million USD | +16.2% |
| 1975 | 8,006 million USD | +59.2% |
| 1976 | 9,254 million USD | +15.6% |
| 1977 | 9,185 million USD | -0.7% |
| 1978 | 12,316 million USD | +34.1% |
| 1979 | 13,434 million USD | +9.1% |
| 1980 | 13,222 million USD | -1.6% |
| 1981 | 23,864 million USD | +80.5% |
| 1982 | 23,259 million USD | -2.5% |
| 1983 | 12,994 million USD | -44.1% |
| 1984 | 9,593 million USD | -26.2% |
| 1985 | 8,833 million USD | -7.9% |
| 1986 | 8,947 million USD | +1.3% |
| 1987 | 8,615 million USD | -3.7% |
| 1988 | 9,451 million USD | +9.7% |
| 1989 | 11,883 million USD | +25.7% |
| 1990 | 10,656 million USD | -10.3% |
| 1991 | 2,429 million USD | -77.2% |
| 1992 | 3,499 million USD | +44.1% |
| 1993 | 5,108 million USD | +46.0% |
| 1994 | 1,796 million USD | -64.8% |
| 1995 | 1,123 million USD | -37.5% |
| 1996 | 538.41 million USD | -52.0% |
| 1997 | 1,510 million USD | +180.5% |
| 1998 | 2,363 million USD | +56.5% |
| 1999 | 2,395 million USD | +1.4% |
| 2000 | 3,410 million USD | +42.3% |
| 2001 | 7,150 million USD | +109.7% |
| 2002 | 5,780 million USD | -19.2% |
| 2003 | 9,196 million USD | +59.1% |
| 2004 | 6,946 million USD | -24.5% |
| 2005 | 17,939 million USD | +158.3% |
| 2006 | 20,883 million USD | +16.4% |
| 2007 | 8,111 million USD | -61.2% |
| 2008 | 19,609 million USD | +141.7% |
| 2009 | 13,786 million USD | -29.7% |
| 2010 | 23,085 million USD | +67.5% |
| 2011 | 25,195 million USD | +9.1% |
| 2012 | 25,978 million USD | +3.1% |
| 2013 | 36,220 million USD | +39.4% |
| 2014 | 38,295 million USD | +5.7% |
| 2015 | 46,090 million USD | +20.4% |
| 2016 | 29,200 million USD | -36.6% |
| 2017 | 29,012 million USD | -0.6% |
| 2018 | 29,198 million USD | +0.6% |
| 2019 | 43,670 million USD | +49.6% |
| 2020 | 13,726 million USD | -68.6% |
| 2021 | 19,684 million USD | +43.4% |
| 2022 | 20,907 million USD | +6.2% |
| 2023 | 17,599 million USD | -15.8% |
| 2024 | 22,288 million USD | +26.6% |
Iraq compared with similar countries
- Iraq's 22,288 million USD is above the median for upper middle income countries, which is 7,886 million USD, 2.8× the median. (54 countries reporting)
- Iraq's 22,288 million USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 17,125 million USD, 1.3× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,026 million USD | 2,808 million USD | 13,434 million USD | 10 |
| 1980s | 13,066 million USD | 8,615 million USD | 23,864 million USD | 10 |
| 1990s | 3,142 million USD | 538.41 million USD | 10,656 million USD | 10 |
| 2000s | 11,281 million USD | 3,410 million USD | 20,883 million USD | 10 |
| 2010s | 32,594 million USD | 23,085 million USD | 46,090 million USD | 10 |
| 2020s | 18,841 million USD | 13,726 million USD | 22,288 million USD | 5 |
Countries ranked near Iraq
- 77 Sri Lanka 22,427 million USD compare
- 78 Côte d'Ivoire 22,326 million USD compare
- 78 Cote d'Ivoire 22,326 million USD compare
- 81 Yugoslav SFR 20,741 million USD compare
- 82 Ukraine 20,274 million USD compare
- 83 Kenya 19,602 million USD 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)
- 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 us$, 2015 prices in Iraq?
- Gross fixed capital formation — value us$, 2015 prices in Iraq was 22,288 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Iraq?
- The highest recorded value was 46,090 million USD in 2015.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Iraq?
- The lowest recorded value was 538.41 million USD in 1996.
- How does Iraq rank for gross fixed capital formation — value us$, 2015 prices?
- Iraq ranks 80th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Iraq?
- Over the last ten years it is down 41.8%. 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 US$, 2015 prices. 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).