Gross capital formation as a share of GDP reached 12.9 % in 2018 in Iraq, according to the National Statistical Office. This is 23.1 % less than in the previous year.
Historically, gross capital formation as a share of GDP in Iraq reached an all time high of 43.4 % in 2001 and an all time low of 9.34 % in 2007. When compared to Iraq's main peers, gross capital formation as a share of GDP in Iran amounted to 38.9 %, 25.2 % in Kuwait and 24.2 % in Saudi Arabia in 2018.
Iraq has been ranked 160th within the group of 171 countries we follow in terms of gross capital formation as a share of GDP.
Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises), less disposals of fixed assets.