Gross fixed capital formation in Eritrea
Eritrea: Gross fixed capital formation was 466.9% in 2011. ◆ Volatile
Gross fixed capital formation in Eritrea, 1993–2011
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2011, gross fixed capital formation in Eritrea stood at 466.9%. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 6,166.5% on the previous year and up 531.1% over ten years.
Over the whole period, gross fixed capital formation in Eritrea peaked at 466.9% in 2011 and was at its lowest, -40.0%, in 2006.
Eritrea ranks 1st of 166 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Eritrea, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1993 | 65.7% | — |
| 1994 | 68.0% | +3.5% |
| 1995 | -8.3% | -112.3% |
| 1996 | 39.7% | -576.8% |
| 1997 | 20.2% | -49.1% |
| 1998 | 11.4% | -43.6% |
| 1999 | 4.6% | -59.3% |
| 2000 | -17.1% | -469.1% |
| 2001 | 74.0% | -531.4% |
| 2002 | -16.9% | -122.8% |
| 2003 | -3.3% | -80.2% |
| 2004 | -17.9% | +433.7% |
| 2005 | -11.4% | -36.5% |
| 2006 | -40.0% | +252.7% |
| 2007 | -12.1% | -69.8% |
| 2008 | -5.7% | -53.3% |
| 2009 | -13.0% | +130.5% |
| 2010 | 7.5% | -157.2% |
| 2011 | 466.9% | +6166.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.8% | -8.3% | 68.0% | 7 |
| 2000s | -6.3% | -40.0% | 74.0% | 10 |
| 2010s | 237.2% | 7.5% | 466.9% | 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)
- GDP (constant 2015 US$), annual growth rate 8.68 % change on previous year (2011)
- GDP (constant 2015 US$), per unit of GDP 1.09 constant 2015 US$ per US$ of GDP (2011)
- GDP (constant 2015 US$), per capita 751.38 constant 2015 US$ per person (2011)
- GDP (constant LCU), annual growth rate 8.68 % change on previous year (2011)
- GDP (constant LCU), per unit of GDP 15.38 constant LCU per US$ of GDP (2011)
- GDP (constant LCU), per capita 10,588 constant LCU per person (2011)
- Gross domestic savings (current US$), annual growth rate 29.25 % change on previous year (2011)
- Gross domestic savings (current US$), per unit of GDP -0.2479 current US$ per US$ of GDP (2011)
Frequently asked questions
- What is gross fixed capital formation in Eritrea?
- Gross fixed capital formation in Eritrea was 466.9% in 2011, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Eritrea?
- The highest recorded value was 466.9% in 2011.
- What is the lowest gross fixed capital formation recorded in Eritrea?
- The lowest recorded value was -40.0% in 2006.
- How does Eritrea rank for gross fixed capital formation?
- Eritrea ranks 1st out of 166 countries with data for 2011.
- Is gross fixed capital formation rising or falling in Eritrea?
- Over the last ten years it is up 531.1%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.