Gross Fixed Capital Formation — Value US$ (US Value) in Iraq
Iraq: Gross Fixed Capital Formation — Value US$ (US Value) was 30,317 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Iraq, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$ in Iraq stood at 30,317 million USD.
That represents a change of up 39.7% on the previous year and down 44.8% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Iraq peaked at 54,926 million USD in 2014 and was at its lowest, 95.57 million USD, in 1996.
Iraq ranks 70th of 235 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.
Gross Fixed Capital Formation — Value US$ (US Value) in Iraq, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 359.36 million USD | — |
| 1971 | 368.04 million USD | +2.4% |
| 1972 | 413.06 million USD | +12.2% |
| 1973 | 624.04 million USD | +51.1% |
| 1974 | 790.28 million USD | +26.6% |
| 1975 | 1,375 million USD | +74.0% |
| 1976 | 1,677 million USD | +22.0% |
| 1977 | 1,768 million USD | +5.4% |
| 1978 | 2,537 million USD | +43.5% |
| 1979 | 2,997 million USD | +18.1% |
| 1980 | 3,216 million USD | +7.3% |
| 1981 | 6,354 million USD | +97.6% |
| 1982 | 6,575 million USD | +3.5% |
| 1983 | 3,817 million USD | -41.9% |
| 1984 | 2,920 million USD | -23.5% |
| 1985 | 2,774 million USD | -5.0% |
| 1986 | 2,866 million USD | +3.3% |
| 1987 | 2,828 million USD | -1.3% |
| 1988 | 3,212 million USD | +13.6% |
| 1989 | 4,197 million USD | +30.7% |
| 1990 | 3,904 million USD | -7.0% |
| 1991 | 919.89 million USD | -76.4% |
| 1992 | 1,246 million USD | +35.5% |
| 1993 | 874.38 million USD | -29.8% |
| 1994 | 257.87 million USD | -70.5% |
| 1995 | 170.03 million USD | -34.1% |
| 1996 | 95.57 million USD | -43.8% |
| 1997 | 240.43 million USD | +151.6% |
| 1998 | 355.79 million USD | +48.0% |
| 1999 | 535.17 million USD | +50.4% |
| 2000 | 856.01 million USD | +59.9% |
| 2001 | 1,836 million USD | +114.4% |
| 2002 | 1,572 million USD | -14.4% |
| 2003 | 3,547 million USD | +125.7% |
| 2004 | 2,751 million USD | -22.4% |
| 2005 | 9,528 million USD | +246.3% |
| 2006 | 13,621 million USD | +43.0% |
| 2007 | 7,118 million USD | -47.7% |
| 2008 | 22,131 million USD | +210.9% |
| 2009 | 15,655 million USD | -29.3% |
| 2010 | 26,534 million USD | +69.5% |
| 2011 | 36,108 million USD | +36.1% |
| 2012 | 38,349 million USD | +6.2% |
| 2013 | 53,471 million USD | +39.4% |
| 2014 | 54,926 million USD | +2.7% |
| 2015 | 46,090 million USD | -16.1% |
| 2016 | 25,635 million USD | -44.4% |
| 2017 | 29,153 million USD | +13.7% |
| 2018 | 34,716 million USD | +19.1% |
| 2019 | 50,117 million USD | +44.4% |
| 2020 | 13,992 million USD | -72.1% |
| 2021 | 22,694 million USD | +62.2% |
| 2022 | 28,483 million USD | +25.5% |
| 2023 | 21,695 million USD | -23.8% |
| 2024 | 30,317 million USD | +39.7% |
Iraq compared with similar countries
- Iraq's 30,317 million USD is above the median for upper middle income countries, which is 8,136 million USD, 3.7× the median. (54 countries reporting)
- Iraq's 30,317 million USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 20,159 million USD, 1.5× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,291 million USD | 359.36 million USD | 2,997 million USD | 10 |
| 1980s | 3,876 million USD | 2,774 million USD | 6,575 million USD | 10 |
| 1990s | 859.96 million USD | 95.57 million USD | 3,904 million USD | 10 |
| 2000s | 7,861 million USD | 856.01 million USD | 22,131 million USD | 10 |
| 2010s | 39,510 million USD | 25,635 million USD | 54,926 million USD | 10 |
| 2020s | 23,436 million USD | 13,992 million USD | 30,317 million USD | 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 us$ in Iraq?
- Gross fixed capital formation — value us$ in Iraq was 30,317 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Iraq?
- The highest recorded value was 54,926 million USD in 2014.
- What is the lowest gross fixed capital formation — value us$ recorded in Iraq?
- The lowest recorded value was 95.57 million USD in 1996.
- How does Iraq rank for gross fixed capital formation — value us$?
- Iraq ranks 70th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Iraq?
- Over the last ten years it is down 44.8%. 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$. 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).