Gross capital formation (constant LCU), annual growth rate in Eritrea
Eritrea: Gross capital formation (constant LCU), annual growth rate was 466.89 % change on previous year in 2011. ◆ Volatile
Gross capital formation (constant LCU), annual growth rate in Eritrea, 1993–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Eritrea recorded 466.89 % change on previous year for gross capital formation (constant lcu), annual growth rate in 2011. That is the highest value across all 19 years on record.
That represents a change of up 6,166.4% on the previous year and up 531.1% over ten years.
Over the whole period, gross capital formation (constant lcu), annual growth rate in Eritrea peaked at 466.89 % change on previous year in 2011 and was at its lowest, -40.04 % change on previous year, in 2006.
That places Eritrea 1st out of 169 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 (constant LCU), annual growth rate in Eritrea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1993 | 65.69 % change on previous year | — |
| 1994 | 67.99 % change on previous year | +3.5% |
| 1995 | -8.33 % change on previous year | -112.3% |
| 1996 | 39.72 % change on previous year | -576.9% |
| 1997 | 20.23 % change on previous year | -49.1% |
| 1998 | 11.42 % change on previous year | -43.6% |
| 1999 | 4.65 % change on previous year | -59.3% |
| 2000 | -17.15 % change on previous year | -469.1% |
| 2001 | 73.98 % change on previous year | -531.4% |
| 2002 | -16.88 % change on previous year | -122.8% |
| 2003 | -3.35 % change on previous year | -80.2% |
| 2004 | -17.87 % change on previous year | +433.8% |
| 2005 | -11.35 % change on previous year | -36.5% |
| 2006 | -40.04 % change on previous year | +252.7% |
| 2007 | -12.11 % change on previous year | -69.8% |
| 2008 | -5.65 % change on previous year | -53.3% |
| 2009 | -13.03 % change on previous year | +130.5% |
| 2010 | 7.45 % change on previous year | -157.2% |
| 2011 | 466.89 % change on previous year | +6166.4% |
Eritrea compared with similar countries
- Eritrea's 466.89 % change on previous year is above the median for low income countries, which is 8.5 % change on previous year, 54.9× the median. (20 countries reporting)
- Eritrea's 466.89 % change on previous year is above the median for Sub-Saharan Africa, which is 6.99 % change on previous year, 66.8× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (constant LCU), annual growth rate 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 |
|---|---|---|---|
| 2011 | +6166.4% | 7.45 % change on previous year | 466.89 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.77 % change on previous year | -8.33 % change on previous year | 67.99 % change on previous year | 7 |
| 2000s | -6.34 % change on previous year | -40.04 % change on previous year | 73.98 % change on previous year | 10 |
| 2010s | 237.17 % change on previous year | 7.45 % change on previous year | 466.89 % change on previous year | 2 |
Countries ranked near Eritrea
- 2 Yemen 181.78 % change on previous year compare
- 3 Tunisia 69.69 % change on previous year compare
- 4 Kyrgyzstan 42.89 % change on previous year
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 gross capital formation (constant lcu), annual growth rate in Eritrea?
- Gross capital formation (constant lcu), annual growth rate in Eritrea was 466.89 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest gross capital formation (constant lcu), annual growth rate recorded in Eritrea?
- The highest recorded value was 466.89 % change on previous year in 2011.
- What is the lowest gross capital formation (constant lcu), annual growth rate recorded in Eritrea?
- The lowest recorded value was -40.04 % change on previous year in 2006.
- How does Eritrea rank for gross capital formation (constant lcu), annual growth rate?
- Eritrea ranks 1st out of 169 countries with data for 2011.
- Is gross capital formation (constant lcu), annual growth rate 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 Statizoid (derived), published as part of Gross capital formation (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross capital formation (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross capital formation (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.