Gross fixed capital formation, private sector in Eritrea
Eritrea: Gross fixed capital formation, private sector was 3.26 billion current LCU in 2011. ◆ Volatile
Gross fixed capital formation, private sector in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross fixed capital formation, private sector in Eritrea is 3.26 billion current LCU, measured in 2011. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 31.2% on the previous year and up 59.9% over ten years.
Over the whole period, gross fixed capital formation, private sector in Eritrea peaked at 3.26 billion current LCU in 2011 and was at its lowest, 99.50 million current LCU, in 1992.
Eritrea ranks 88th of 105 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 | 829.25 million current LCU | 99.50 million current LCU | 2.25 billion current LCU | 8 |
| 2000s | 2.14 billion current LCU | 1.15 billion current LCU | 3.02 billion current LCU | 10 |
| 2010s | 2.88 billion current LCU | 2.49 billion current LCU | 3.26 billion current 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)
- Gross fixed capital formation 260.73 million current US$ (2011)
- Gross fixed capital formation 466.9% (2011)
- Gross fixed capital formation 4.01 billion current LCU (2011)
- Gross national expenditure 43.63 billion current LCU (2011)
Frequently asked questions
- What is gross fixed capital formation, private sector in Eritrea?
- Gross fixed capital formation, private sector in Eritrea was 3.26 billion current LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation, private sector recorded in Eritrea?
- The highest recorded value was 3.26 billion current LCU in 2011.
- What is the lowest gross fixed capital formation, private sector recorded in Eritrea?
- The lowest recorded value was 99.50 million current LCU in 1992.
- How does Eritrea rank for gross fixed capital formation, private sector?
- Eritrea ranks 88th out of 105 countries with data for 2011.
- Is gross fixed capital formation, private sector rising or falling in Eritrea?
- Over the last ten years it is up 59.9%. 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, private sector (current LCU). Statizoid updates them automatically from the source API.
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About this data
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.