Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Iraq

Gross capital formation (% of GDP) in Iraq in 2024 — 19.1%. Ranked 128 in the world out of 169. Since 1970, the indicator has risen by 1.8 pp.

2024 19.1% −1.2 pp vs 2023
World rank 128of 169
Period maximum 61.9%1981
Period minimum -12.9%1991

Trend over time

1970–2024 · % of GDP

Gross capital formation (% of GDP) — Iraq, 1970–2024-2002040608019701976198219881994200020062012201820241970: 17.3%1971: 15.3%1972: 20%1973: 23.1%1974: 27.9%1975: 35.7%1976: 24.8%1977: 25.5%1978: 20.7%1979: 29.4%1980: 30.8%1981: 61.9%1982: 58%1983: 15.7%1984: 18.6%1985: 24.4%1986: 19.6%1987: 20.1%1988: 22%1989: -3.7%1990: 44.3%1991: -12.9%1992: 31.8%1993: 59.3%1994: 58.2%1995: 51.4%1996: 58%1997: 4.2%1998: 7.4%1999: 38.4%2000: 29.1%2001: 43.4%2002: 18.2%2003: 10.7%2004: 16.9%2005: 22.2%2006: 18.9%2007: 9.3%2008: 15.2%2009: 11.3%2010: 15.9%2011: 16.8%2012: 13.4%2013: 20.3%2014: 18.2%2015: 20.4%2016: 17.9%2017: 17.9%2018: 17.6%2019: 22.7%2020: 22.3%2021: 21.4%2022: 24.3%2023: 20.3%2024: 19.1%
Change over the period: +1.8 pp Annual average: 0.03 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Iraq

Iraq 19.1%
World 26.3%
Western Asia computed 27.8%
Gross capital formation (% of GDP) — Iraq, by year Iraq All countries CSV XLSX
Year % Change, pp
2024 19.1 −1.2 pp
2023 20.3 −4 pp
2022 24.3 +2.9 pp
2021 21.4 −0.9 pp
2020 22.3 −0.4 pp
2019 22.7 +5.2 pp
2018 17.6 −0.3 pp
2017 17.9 −0 pp
2016 17.9 −2.5 pp
2015 20.4 +2.1 pp
2014 18.2 −2.1 pp
2013 20.3 +6.8 pp
2012 13.4 −3.3 pp
2011 16.8 +0.9 pp
2010 15.9 +4.6 pp
2009 11.3 −3.9 pp
2008 15.2 +5.8 pp
2007 9.3 −9.6 pp
2006 18.9 −3.2 pp
2005 22.2 +5.2 pp
2004 16.9 +6.3 pp
2003 10.7 −7.6 pp
2002 18.2 −25.2 pp
2001 43.4 +14.3 pp
2000 29.1 −9.2 pp
1999 38.4 +31 pp
1998 7.4 +3.2 pp
1997 4.2 −53.8 pp
1996 58 +6.6 pp
1995 51.4 −6.7 pp
1994 58.2 −1.2 pp
1993 59.3 +27.5 pp
1992 31.8 +44.7 pp
1991 -12.9 −57.2 pp
1990 44.3 +48.1 pp
1989 -3.7 −25.8 pp
1988 22 +1.9 pp
1987 20.1 +0.5 pp
1986 19.6 −4.8 pp
1985 24.4 +5.9 pp
1984 18.6 +2.9 pp
1983 15.7 −42.3 pp
1982 58 −3.9 pp
1981 61.9 +31.1 pp
1980 30.8 +1.5 pp
1979 29.4 +8.6 pp
1978 20.7 −4.7 pp
1977 25.5 +0.7 pp
1976 24.8 −10.9 pp
1975 35.7 +7.8 pp
1974 27.9 +4.8 pp
1973 23.1 +3.1 pp
1972 20 +4.6 pp
1971 15.3 −2 pp
1970 17.3

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.