Gross capital formation in Eritrea
Eritrea: Gross capital formation was 466.9% in 2011. ◆ Volatile
Gross capital formation in Eritrea, 1993–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2011, gross capital formation in Eritrea stood at 466.9%. That is the highest value across all 19 years on record.
That represents a change of up 6,166.5% on the previous year and up 531.1% over ten years.
Over the whole period, gross capital formation in Eritrea peaked at 466.9% in 2011 and was at its lowest, -40.0%, in 2006.
That places Eritrea 1st out of 168 countries with data for 2011, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Eritrea, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1993 | 65.7% | — |
| 1994 | 68.0% | +3.5% |
| 1995 | -8.3% | -112.3% |
| 1996 | 39.7% | -576.8% |
| 1997 | 20.2% | -49.1% |
| 1998 | 11.4% | -43.6% |
| 1999 | 4.6% | -59.3% |
| 2000 | -17.1% | -469.1% |
| 2001 | 74.0% | -531.4% |
| 2002 | -16.9% | -122.8% |
| 2003 | -3.3% | -80.2% |
| 2004 | -17.9% | +433.7% |
| 2005 | -11.4% | -36.5% |
| 2006 | -40.0% | +252.7% |
| 2007 | -12.1% | -69.8% |
| 2008 | -5.7% | -53.3% |
| 2009 | -13.0% | +130.5% |
| 2010 | 7.5% | -157.2% |
| 2011 | 466.9% | +6166.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.8% | -8.3% | 68.0% | 7 |
| 2000s | -6.3% | -40.0% | 74.0% | 10 |
| 2010s | 237.2% | 7.5% | 466.9% | 2 |
Countries ranked near Eritrea
- 2 Yemen 181.8% compare
- 3 Tunisia 69.7% compare
- 4 Kyrgyzstan 42.9%
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)
- GDP (current US$), annual growth rate 29.91 % change on previous year (2011)
- GDP (current US$), per capita 688.68 current US$ per person (2011)
- GDP (current LCU), annual growth rate 29.91 % change on previous year (2011)
- GDP (current LCU), per unit of GDP 15.38 current LCU per US$ of GDP (2011)
- GDP (current LCU), per capita 10,588 current LCU per person (2011)
- GDP (constant 2015 US$), annual growth rate 8.68 % change on previous year (2011)
- GDP (constant 2015 US$), per unit of GDP 1.09 constant 2015 US$ per US$ of GDP (2011)
- GDP (constant 2015 US$), per capita 751.38 constant 2015 US$ per person (2011)
Frequently asked questions
- What is gross capital formation in Eritrea?
- Gross capital formation in Eritrea was 466.9% in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Eritrea?
- The highest recorded value was 466.9% in 2011.
- What is the lowest gross capital formation recorded in Eritrea?
- The lowest recorded value was -40.0% in 2006.
- How does Eritrea rank for gross capital formation?
- Eritrea ranks 1st out of 168 countries with data for 2011.
- Is gross capital formation rising or falling in Eritrea?
- Over the last ten years it is up 531.1%. 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 capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.