Gross capital formation in Eritrea
Eritrea: Gross capital formation was 260.73 million current US$ in 2011. ▲ Rising
Gross capital formation in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross capital formation in Eritrea is 260.73 million current US$, measured in 2011.
Compared with earlier readings it is up 32.4% on the previous year and down 1.7% over ten years.
Over the whole period, gross capital formation in Eritrea peaked at 313.56 million current US$ in 1999 and was at its lowest, 37.27 million current US$, in 1992.
Eritrea ranks 179th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Gross capital formation in Eritrea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | 37.27 million current US$ | — |
| 1993 | 79.52 million current US$ | +113.4% |
| 1994 | 133.65 million current US$ | +68.1% |
| 1995 | 130.27 million current US$ | -2.5% |
| 1996 | 191.34 million current US$ | +46.9% |
| 1997 | 214.74 million current US$ | +12.2% |
| 1998 | 240.71 million current US$ | +12.1% |
| 1999 | 313.56 million current US$ | +30.3% |
| 2000 | 155.38 million current US$ | -50.4% |
| 2001 | 265.29 million current US$ | +70.7% |
| 2002 | 215.51 million current US$ | -18.8% |
| 2003 | 231.00 million current US$ | +7.2% |
| 2004 | 224.73 million current US$ | -2.7% |
| 2005 | 223.41 million current US$ | -0.6% |
| 2006 | 165.70 million current US$ | -25.8% |
| 2007 | 167.03 million current US$ | +0.8% |
| 2008 | 175.47 million current US$ | +5.1% |
| 2009 | 172.00 million current US$ | -2.0% |
| 2010 | 196.87 million current US$ | +14.5% |
| 2011 | 260.73 million current US$ | +32.4% |
Eritrea compared with similar countries
- Eritrea's 260.73 million current US$ is below the median for low income countries, which is 3.35 billion current US$, 8% of the median. (22 countries reporting)
- Eritrea's 260.73 million current US$ is below the median for Sub-Saharan Africa, which is 4.76 billion current US$, 5% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +113.4% | 37.27 million current US$ | 79.52 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 167.63 million current US$ | 37.27 million current US$ | 313.56 million current US$ | 8 |
| 2000s | 199.55 million current US$ | 155.38 million current US$ | 265.29 million current US$ | 10 |
| 2010s | 228.80 million current US$ | 196.87 million current US$ | 260.73 million current US$ | 2 |
Countries ranked near Eritrea
- 176 Solomon Islands 308.22 million current US$ compare
- 177 Central African Republic 285.28 million current US$ compare
- 178 Guyana 266.72 million current US$ compare
- 180 Comoros 214.98 million current US$ compare
- 181 Tonga 170.87 million current US$ compare
- 182 Palau 112.42 million current US$ 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$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gross capital formation in Eritrea?
- Gross capital formation in Eritrea was 260.73 million current US$ 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 313.56 million current US$ in 1999.
- What is the lowest gross capital formation recorded in Eritrea?
- The lowest recorded value was 37.27 million current US$ in 1992.
- How does Eritrea rank for gross capital formation?
- Eritrea ranks 179th out of 187 countries with data for 2011.
- Is gross capital formation rising or falling in Eritrea?
- Over the last ten years it is down 1.7%. 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 US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.