Gross fixed capital formation in Eritrea
Eritrea: Gross fixed capital formation was 4.01 billion constant LCU in 2011. ◆ Volatile
Gross fixed capital formation in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Eritrea recorded 4.01 billion constant LCU for gross fixed capital formation in 2011. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 466.9% on the previous year and up 54.1% over ten years.
Over the whole period, gross fixed capital formation in Eritrea peaked at 4.01 billion constant LCU in 2011 and was at its lowest, 361.18 million constant LCU, in 1992.
Eritrea ranks 147th of 167 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.16 billion constant LCU | 361.18 million constant LCU | 1.81 billion constant LCU | 8 |
| 2000s | 1.47 billion constant LCU | 658.12 million constant LCU | 2.60 billion constant LCU | 10 |
| 2010s | 2.36 billion constant LCU | 707.15 million constant LCU | 4.01 billion constant LCU | 2 |
Countries ranked near Eritrea
More economy & growth data for Eritrea
- Industry (including construction), value added 21.8% (2009)
- 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)
- Exports of goods and services 575.7% (2011)
- Industry (including construction), value added -0.2% (2009)
- Gross fixed capital formation 4.01 billion current LCU (2011)
- Gross fixed capital formation 260.73 million current US$ (2011)
- Gross national expenditure 43.63 billion current LCU (2011)
Frequently asked questions
- What is gross fixed capital formation in Eritrea?
- Gross fixed capital formation in Eritrea was 4.01 billion constant LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Eritrea?
- The highest recorded value was 4.01 billion constant LCU in 2011.
- What is the lowest gross fixed capital formation recorded in Eritrea?
- The lowest recorded value was 361.18 million constant LCU in 1992.
- How does Eritrea rank for gross fixed capital formation?
- Eritrea ranks 147th out of 167 countries with data for 2011.
- Is gross fixed capital formation rising or falling in Eritrea?
- Over the last ten years it is up 54.1%. The long-run trend across the full record is volatile.
- 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 fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.