Iraq IQ: GDP: USD: Gross Capital Formation

Iraq IQ: GDP: USD: Gross Capital Formation data was reported at 34.376 USD bn in 2017. This records a decrease from the previous number of 35.250 USD bn for 2016. Iraq IQ: GDP: USD: Gross Capital Formation data is updated yearly, averaging 25.351 USD bn from Dec 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 63.120 USD bn in 2013 and a record low of 6.196 USD bn in 2004. Iraq IQ: GDP: USD: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iraq – Table IQ.World Bank: Gross Domestic Product: Nominal. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

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What was Iraq's Iraq IQ: GDP: USD: Gross Capital Formation in 2016?

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