Gross capital formation in Eritrea
Eritrea: Gross capital formation was 12.6% in 2011. ▼ Falling
Gross capital formation in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Eritrea recorded 12.6% for gross capital formation in 2011.
That represents a change of up 1.9% on the previous year and down 64.2% over ten years.
Over the whole period, gross capital formation in Eritrea peaked at 45.5% in 1999 and was at its lowest, 7.8%, in 1992.
That places Eritrea 170th out of 186 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Gross capital formation in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 7.8% | — |
| 1993 | 17.0% | +117.6% |
| 1994 | 25.1% | +47.9% |
| 1995 | 22.5% | -10.3% |
| 1996 | 27.6% | +22.4% |
| 1997 | 31.3% | +13.4% |
| 1998 | 32.3% | +3.2% |
| 1999 | 45.5% | +41.0% |
| 2000 | 22.0% | -51.7% |
| 2001 | 35.3% | +60.3% |
| 2002 | 29.5% | -16.2% |
| 2003 | 26.5% | -10.2% |
| 2004 | 20.3% | -23.7% |
| 2005 | 20.3% | +0.4% |
| 2006 | 13.7% | -32.7% |
| 2007 | 12.7% | -7.4% |
| 2008 | 12.7% | +0.3% |
| 2009 | 9.3% | -27.1% |
| 2010 | 12.4% | +33.7% |
| 2011 | 12.6% | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.1% | 7.8% | 45.5% | 8 |
| 2000s | 20.2% | 9.3% | 35.3% | 10 |
| 2010s | 12.5% | 12.4% | 12.6% | 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)
- Manufacturing, value added (constant LCU), per capita 125.2 constant LCU per person (2009)
- Industry (including construction), value added (current US$), annual 13.27 % change on previous year (2009)
- Industry (including construction), value added (current US$), per 0.2182 current US$ per US$ of GDP (2009)
- Industry (including construction), value added (current US$), per 140.28 current US$ per person (2009)
- Industry (including construction), value added (current LCU), annual 13.27 % change on previous year (2009)
- Industry (including construction), value added (current LCU), per 3.35 current LCU per US$ of GDP (2009)
- Industry (including construction), value added (current LCU), per 2,157 current LCU per person (2009)
- Industry (including construction), value added (constant LCU), annual -0.2424 % change on previous year (2009)
Frequently asked questions
- What is gross capital formation in Eritrea?
- Gross capital formation in Eritrea was 12.6% 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 45.5% in 1999.
- What is the lowest gross capital formation recorded in Eritrea?
- The lowest recorded value was 7.8% in 1992.
- How does Eritrea rank for gross capital formation?
- Eritrea ranks 170th out of 186 countries with data for 2011.
- Is gross capital formation rising or falling in Eritrea?
- Over the last ten years it is down 64.2%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.