Construction, value added in Eritrea
Eritrea: Construction, value added was 877.69 million constant LCU in 2009. ▲ Rising
Construction, value added in Eritrea, 1992–2009
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
Eritrea recorded 877.69 million constant LCU for construction, value added in 2009.
The figure is down 0.1% on the previous year and up 52.2% over ten years.
Over the whole period, construction, value added in Eritrea peaked at 878.36 million constant LCU in 2008 and was at its lowest, 86.94 million constant LCU, in 1992.
Eritrea ranks 41st of 46 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Construction, value added in Eritrea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1992 | 86.94 million constant LCU | — |
| 1993 | 205.84 million constant LCU | +136.8% |
| 1994 | 259.05 million constant LCU | +25.8% |
| 1995 | 327.24 million constant LCU | +26.3% |
| 1996 | 560.04 million constant LCU | +71.1% |
| 1997 | 667.52 million constant LCU | +19.2% |
| 1998 | 568.61 million constant LCU | -14.8% |
| 1999 | 576.65 million constant LCU | +1.4% |
| 2000 | 597.00 million constant LCU | +3.5% |
| 2001 | 608.78 million constant LCU | +2.0% |
| 2002 | 669.48 million constant LCU | +10.0% |
| 2003 | 708.76 million constant LCU | +5.9% |
| 2004 | 780.17 million constant LCU | +10.1% |
| 2005 | 812.31 million constant LCU | +4.1% |
| 2006 | 712.33 million constant LCU | -12.3% |
| 2007 | 821.23 million constant LCU | +15.3% |
| 2008 | 878.36 million constant LCU | +7.0% |
| 2009 | 877.69 million constant LCU | -0.1% |
Eritrea compared with similar countries
- Eritrea's 877.69 million constant LCU is below the median for low income countries, which is 25.07 billion constant LCU, 4% of the median. (16 countries reporting)
- Eritrea's 877.69 million constant LCU is below the median for Sub-Saharan Africa, which is 43.49 billion constant LCU, 2% of the median. (41 countries reporting)
Biggest year-on-year movements
Years where Construction, value added in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +136.8% | 86.94 million constant LCU | 205.84 million constant LCU |
| 1996 | +71.1% | 327.24 million constant LCU | 560.04 million constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 406.49 million constant LCU | 86.94 million constant LCU | 667.52 million constant LCU | 8 |
| 2000s | 746.61 million constant LCU | 597.00 million constant LCU | 878.36 million constant LCU | 10 |
Countries ranked near Eritrea
More economy & growth data for Eritrea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.25 Percent per annum (2019)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.84 Percent per annum (2019)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -27.95 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 106.46 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0189 BoP, current US$ per US$ of GDP (2011)
- Foreign direct investment, net inflows (BoP, current US$), per capita -7.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.58 % change on previous year (2019)
- Total reserves (includes gold, current US$), per unit of GDP 0.0558 includes gold, current US$ per US$ of GDP (2011)
- Total reserves (includes gold, current US$), per capita 59.16 includes gold, current US$ per person (2019)
- Total reserves minus gold (current US$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is construction, value added in Eritrea?
- Construction, value added in Eritrea was 877.69 million constant LCU in 2009, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest construction, value added recorded in Eritrea?
- The highest recorded value was 878.36 million constant LCU in 2008.
- What is the lowest construction, value added recorded in Eritrea?
- The lowest recorded value was 86.94 million constant LCU in 1992.
- How does Eritrea rank for construction, value added?
- Eritrea ranks 41st out of 46 countries with data for 2009.
- Is construction, value added rising or falling in Eritrea?
- Over the last ten years it is up 52.2%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Construction, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in construction is defined as the value of output of the construction industry less the value of intermediate consumption (intermediate inputs). Construction is a subset of industry (ISIC 45). Data are in constant local currency.