Industry (including construction), value added in Eritrea
Eritrea: Industry (including construction), value added was 6.23 billion current LCU in 2009. ◆ Volatile
Industry (including construction), value added in Eritrea, 1992–2009
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Eritrea recorded 6.23 billion current LCU for industry (including construction), value added in 2009. That is the highest value across all 18 years on record.
Compared with earlier readings it is up 13.3% on the previous year and up 431.3% over ten years.
Over the whole period, industry (including construction), value added in Eritrea peaked at 6.23 billion current LCU in 2009 and was at its lowest, 235.30 million current LCU, in 1992.
Eritrea ranks 166th of 208 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 | 705.83 million current LCU | 235.30 million current LCU | 1.17 billion current LCU | 8 |
| 2000s | 3.27 billion current LCU | 1.30 billion current LCU | 6.23 billion current LCU | 10 |
Countries ranked near Eritrea
- 163 Latvia 8.04 billion current LCU compare
- 164 Luxembourg 7.95 billion current LCU compare
- 165 Bahrain 7.59 billion current LCU compare
- 167 Faroe Islands 5.11 billion current LCU compare
- 168 Seychelles 5.04 billion current LCU compare
- 169 Greenland 4.23 billion current LCU compare
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 industry (including construction), value added in Eritrea?
- Industry (including construction), value added in Eritrea was 6.23 billion current LCU in 2009, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Eritrea?
- The highest recorded value was 6.23 billion current LCU in 2009.
- What is the lowest industry (including construction), value added recorded in Eritrea?
- The lowest recorded value was 235.30 million current LCU in 1992.
- How does Eritrea rank for industry (including construction), value added?
- Eritrea ranks 166th out of 208 countries with data for 2009.
- Is industry (including construction), value added rising or falling in Eritrea?
- Over the last ten years it is up 431.3%. 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 Offices (NSOs), published as part of Industry (including construction), value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.