Gross capital formation in Eritrea
Eritrea: Gross capital formation was 4.01 billion current LCU in 2011. ▲ Rising
Gross capital formation in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2011, gross capital formation in Eritrea stood at 4.01 billion current LCU. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 32.4% on the previous year and up 33.6% over ten years.
Over the whole period, gross capital formation in Eritrea peaked at 4.01 billion current LCU in 2011 and was at its lowest, 170.80 million current LCU, in 1992.
Eritrea ranks 165th of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.17 billion current LCU | 170.80 million current LCU | 2.56 billion current LCU | 8 |
| 2000s | 2.77 billion current LCU | 1.50 billion current LCU | 3.43 billion current LCU | 10 |
| 2010s | 3.52 billion current LCU | 3.03 billion current LCU | 4.01 billion current LCU | 2 |
Countries ranked near Eritrea
More economy & growth data for Eritrea
- Exports of goods and services 575.7% (2011)
- Gross national expenditure 43.63 billion current LCU (2011)
- Inflation, GDP deflator 19.5% (2011)
- Gross national expenditure 137.4% (2011)
- Exports of goods and services 374.90 million current US$ (2011)
- Exports of goods and services 5.76 billion current LCU (2011)
- Industry (including construction), value added 1.33 billion constant LCU (2009)
- Gross fixed capital formation 260.73 million current US$ (2011)
- Industry (including construction), value added -0.2% (2009)
- Gross national expenditure 2.84 billion current US$ (2011)
Frequently asked questions
- What is gross capital formation in Eritrea?
- Gross capital formation in Eritrea was 4.01 billion current LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Eritrea?
- The highest recorded value was 4.01 billion current LCU in 2011.
- What is the lowest gross capital formation recorded in Eritrea?
- The lowest recorded value was 170.80 million current LCU in 1992.
- How does Eritrea rank for gross capital formation?
- Eritrea ranks 165th out of 186 countries with data for 2011.
- Is gross capital formation rising or falling in Eritrea?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.