Gross capital formation in Eritrea
Eritrea: Gross capital formation was 4.01 billion current LCU in 2011. ▲ Rising
Gross capital formation in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2011, gross capital formation in Eritrea stood at 4.01 billion current LCU. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 32.4% on the previous year and up 33.6% over ten years.
Over the whole period, gross capital formation in Eritrea peaked at 4.01 billion current LCU in 2011 and was at its lowest, 170.80 million current LCU, in 1992.
Eritrea ranks 165th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Gross capital formation in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 170.80 million current LCU | — |
| 1993 | 415.80 million current LCU | +143.4% |
| 1994 | 823.30 million current LCU | +98.0% |
| 1995 | 833.70 million current LCU | +1.3% |
| 1996 | 1.22 billion current LCU | +45.9% |
| 1997 | 1.55 billion current LCU | +27.1% |
| 1998 | 1.77 billion current LCU | +14.6% |
| 1999 | 2.56 billion current LCU | +44.3% |
| 2000 | 1.50 billion current LCU | -41.5% |
| 2001 | 3.00 billion current LCU | +100.6% |
| 2002 | 3.01 billion current LCU | +0.3% |
| 2003 | 3.21 billion current LCU | +6.6% |
| 2004 | 3.10 billion current LCU | -3.3% |
| 2005 | 3.43 billion current LCU | +10.8% |
| 2006 | 2.55 billion current LCU | -25.8% |
| 2007 | 2.57 billion current LCU | +0.8% |
| 2008 | 2.70 billion current LCU | +5.1% |
| 2009 | 2.64 billion current LCU | -2.0% |
| 2010 | 3.03 billion current LCU | +14.5% |
| 2011 | 4.01 billion current LCU | +32.4% |
Eritrea compared with similar countries
- Eritrea's 4.01 billion current LCU is below the median for low income countries, which is 1.76 trillion current LCU, 0% of the median. (22 countries reporting)
- Eritrea's 4.01 billion current LCU is below the median for Sub-Saharan Africa, which is 1.06 trillion current LCU, 0% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation 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 |
|---|---|---|---|
| 1993 | +143.4% | 170.80 million current LCU | 415.80 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.17 billion current LCU | 170.80 million current LCU | 2.56 billion current LCU | 8 |
| 2000s | 2.77 billion current LCU | 1.50 billion current LCU | 3.43 billion current LCU | 10 |
| 2010s | 3.52 billion current LCU | 3.03 billion current LCU | 4.01 billion current LCU | 2 |
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 gross capital formation in Eritrea?
- Gross capital formation in Eritrea was 4.01 billion current 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 current LCU in 2011.
- What is the lowest gross capital formation recorded in Eritrea?
- The lowest recorded value was 170.80 million current LCU in 1992.
- How does Eritrea rank for gross capital formation?
- Eritrea ranks 165th out of 187 countries with data for 2011.
- Is gross capital formation rising or falling in Eritrea?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is rising.
- 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 (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.