Construction, value added in Eritrea
Eritrea: Construction, value added was 4.26 billion current LCU in 2009. ◆ Volatile
Construction, value added in Eritrea, 1992–2009
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
In 2009, construction, value added in Eritrea stood at 4.26 billion current LCU. That is the highest value across all 18 years on record.
That represents a change of up 13.3% on the previous year and up 620.2% over ten years.
Over the whole period, construction, value added in Eritrea peaked at 4.26 billion current LCU in 2009 and was at its lowest, 48.70 million current LCU, in 1992.
That places Eritrea 42nd out of 51 countries with data for 2009, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Construction, value added in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 48.70 million current LCU | — |
| 1993 | 113.80 million current LCU | +133.7% |
| 1994 | 158.10 million current LCU | +38.9% |
| 1995 | 219.40 million current LCU | +38.8% |
| 1996 | 409.60 million current LCU | +86.7% |
| 1997 | 507.20 million current LCU | +23.8% |
| 1998 | 528.10 million current LCU | +4.1% |
| 1999 | 591.80 million current LCU | +12.1% |
| 2000 | 597.00 million current LCU | +0.9% |
| 2001 | 734.00 million current LCU | +22.9% |
| 2002 | 925.70 million current LCU | +26.1% |
| 2003 | 1.15 billion current LCU | +24.2% |
| 2004 | 1.53 billion current LCU | +32.9% |
| 2005 | 2.10 billion current LCU | +37.3% |
| 2006 | 2.05 billion current LCU | -2.3% |
| 2007 | 2.53 billion current LCU | +23.6% |
| 2008 | 3.76 billion current LCU | +48.5% |
| 2009 | 4.26 billion current LCU | +13.3% |
Eritrea compared with similar countries
- Eritrea's 4.26 billion current LCU is below the median for low income countries, which is 30.92 billion current LCU, 14% of the median. (19 countries reporting)
- Eritrea's 4.26 billion current LCU is below the median for Sub-Saharan Africa, which is 76.50 billion current LCU, 6% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 322.09 million current LCU | 48.70 million current LCU | 591.80 million current LCU | 8 |
| 2000s | 1.96 billion current LCU | 597.00 million current LCU | 4.26 billion current 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 4.26 billion current 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 4.26 billion current LCU in 2009.
- What is the lowest construction, value added recorded in Eritrea?
- The lowest recorded value was 48.70 million current LCU in 1992.
- How does Eritrea rank for construction, value added?
- Eritrea ranks 42nd out of 51 countries with data for 2009.
- Is construction, value added rising or falling in Eritrea?
- Over the last ten years it is up 620.2%. The long-run trend across the full record is volatile.
- 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 (current 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 current local currency.