Gross capital formation in Eritrea
Eritrea: Gross capital formation was 4.01 billion constant LCU in 2011. ◆ Volatile
Gross capital formation in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross capital formation in Eritrea is 4.01 billion constant LCU, measured in 2011. That is the highest value across all 20 years on record.
The figure is up 466.9% on the previous year and up 54.1% over ten years.
Over the whole period, gross capital formation in Eritrea peaked at 4.01 billion constant LCU in 2011 and was at its lowest, 361.18 million constant LCU, in 1992.
Eritrea ranks 146th of 169 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.16 billion constant LCU | 361.18 million constant LCU | 1.81 billion constant LCU | 8 |
| 2000s | 1.47 billion constant LCU | 658.12 million constant LCU | 2.60 billion constant LCU | 10 |
| 2010s | 2.36 billion constant LCU | 707.15 million constant LCU | 4.01 billion constant LCU | 2 |
Countries ranked near Eritrea
More economy & growth data for Eritrea
- Gross fixed capital formation 260.73 million current US$ (2011)
- Exports of goods and services 5.76 billion current LCU (2011)
- Exports of goods and services 575.7% (2011)
- Gross value added at basic prices (GVA) 27.75 billion current LCU (2009)
- Exports of goods and services 18.2% (2011)
- Gross value added at basic prices (GVA) 1.80 billion current US$ (2009)
- Discrepancy in expenditure estimate of GDP -8.36 billion current LCU (2011)
- GDP deflator 100 base year varies by country (2011)
- Inflation, GDP deflator 19.5% (2011)
- Gross fixed capital formation 12.6% (2011)
Frequently asked questions
- What is gross capital formation in Eritrea?
- Gross capital formation in Eritrea was 4.01 billion constant LCU 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 4.01 billion constant LCU in 2011.
- What is the lowest gross capital formation recorded in Eritrea?
- The lowest recorded value was 361.18 million constant LCU in 1992.
- How does Eritrea rank for gross capital formation?
- Eritrea ranks 146th out of 169 countries with data for 2011.
- Is gross capital formation rising or falling in Eritrea?
- Over the last ten years it is up 54.1%. 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 (constant LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.