Gross capital formation (constant LCU), per unit of GDP in Eritrea
Eritrea: Gross capital formation (constant LCU), per unit of GDP was 1.94 constant LCU per US$ of GDP in 2011. ◆ Volatile
Gross capital formation (constant LCU), per unit of GDP in Eritrea, 1992–2011
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2011, gross capital formation (constant lcu), per unit of gdp in Eritrea stood at 1.94 constant LCU per US$ of GDP.
The figure is up 336.4% on the previous year and down 43.9% over ten years.
Over the whole period, gross capital formation (constant lcu), per unit of gdp in Eritrea peaked at 3.46 constant LCU per US$ of GDP in 2001 and was at its lowest, 0.3545 constant LCU per US$ of GDP, in 2009.
Eritrea ranks 83rd of 170 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (constant LCU), per unit of GDP in Eritrea, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1992 | 0.757 constant LCU per US$ of GDP | — |
| 1993 | 1.28 constant LCU per US$ of GDP | +69.0% |
| 1994 | 1.89 constant LCU per US$ of GDP | +47.8% |
| 1995 | 1.59 constant LCU per US$ of GDP | -15.7% |
| 1996 | 1.86 constant LCU per US$ of GDP | +16.4% |
| 1997 | 2.26 constant LCU per US$ of GDP | +21.5% |
| 1998 | 2.31 constant LCU per US$ of GDP | +2.6% |
| 1999 | 2.62 constant LCU per US$ of GDP | +13.2% |
| 2000 | 2.12 constant LCU per US$ of GDP | -19.2% |
| 2001 | 3.46 constant LCU per US$ of GDP | +63.3% |
| 2002 | 2.97 constant LCU per US$ of GDP | -14.3% |
| 2003 | 2.4 constant LCU per US$ of GDP | -19.0% |
| 2004 | 1.55 constant LCU per US$ of GDP | -35.6% |
| 2005 | 1.39 constant LCU per US$ of GDP | -10.5% |
| 2006 | 0.7534 constant LCU per US$ of GDP | -45.6% |
| 2007 | 0.6085 constant LCU per US$ of GDP | -19.2% |
| 2008 | 0.5483 constant LCU per US$ of GDP | -9.9% |
| 2009 | 0.3545 constant LCU per US$ of GDP | -35.3% |
| 2010 | 0.4449 constant LCU per US$ of GDP | +25.5% |
| 2011 | 1.94 constant LCU per US$ of GDP | +336.4% |
Eritrea compared with similar countries
- Eritrea's 1.94 constant LCU per US$ of GDP is below the median for low income countries, which is 66.88 constant LCU per US$ of GDP, 3% of the median. (21 countries reporting)
- Eritrea's 1.94 constant LCU per US$ of GDP is below the median for Sub-Saharan Africa, which is 30.85 constant LCU per US$ of GDP, 6% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (constant LCU), per unit of GDP 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 | +336.4% | 0.4449 constant LCU per US$ of GDP | 1.94 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.82 constant LCU per US$ of GDP | 0.757 constant LCU per US$ of GDP | 2.62 constant LCU per US$ of GDP | 8 |
| 2000s | 1.61 constant LCU per US$ of GDP | 0.3545 constant LCU per US$ of GDP | 3.46 constant LCU per US$ of GDP | 10 |
| 2010s | 1.19 constant LCU per US$ of GDP | 0.4449 constant LCU per US$ of GDP | 1.94 constant LCU per US$ of GDP | 2 |
Countries ranked near Eritrea
- 80 Sierra Leone 2.05 constant LCU per US$ of GDP compare
- 81 Sweden 2.04 constant LCU per US$ of GDP compare
- 82 Greenland 1.96 constant LCU per US$ of GDP compare
- 84 Norway 1.9 constant LCU per US$ of GDP compare
- 85 Eswatini 1.89 constant LCU per US$ of GDP
- 86 Qatar 1.75 constant LCU per US$ of GDP compare
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$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gross capital formation (constant lcu), per unit of gdp in Eritrea?
- Gross capital formation (constant lcu), per unit of gdp in Eritrea was 1.94 constant LCU per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest gross capital formation (constant lcu), per unit of gdp recorded in Eritrea?
- The highest recorded value was 3.46 constant LCU per US$ of GDP in 2001.
- What is the lowest gross capital formation (constant lcu), per unit of gdp recorded in Eritrea?
- The lowest recorded value was 0.3545 constant LCU per US$ of GDP in 2009.
- How does Eritrea rank for gross capital formation (constant lcu), per unit of gdp?
- Eritrea ranks 83rd out of 170 countries with data for 2011.
- Is gross capital formation (constant lcu), per unit of gdp rising or falling in Eritrea?
- Over the last ten years it is down 43.9%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross capital formation (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (constant LCU) ÷ GDP (current US$)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Gross capital formation (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.