Gross fixed capital formation (constant LCU) in Eritrea
Eritrea: Gross fixed capital formation (constant LCU) was 4.01 billion constant LCU in 2011. ◆ Volatile
Gross fixed capital formation in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Eritrea recorded 4.01 billion constant LCU for gross fixed capital formation in 2011. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 466.9% on the previous year and up 54.1% over ten years.
Over the whole period, gross fixed 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 147th of 168 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant LCU) in Eritrea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1992 | 361.18 million constant LCU | — |
| 1993 | 598.44 million constant LCU | +65.7% |
| 1994 | 1.01 billion constant LCU | +68.0% |
| 1995 | 921.56 million constant LCU | -8.3% |
| 1996 | 1.29 billion constant LCU | +39.7% |
| 1997 | 1.55 billion constant LCU | +20.2% |
| 1998 | 1.72 billion constant LCU | +11.4% |
| 1999 | 1.81 billion constant LCU | +4.6% |
| 2000 | 1.50 billion constant LCU | -17.1% |
| 2001 | 2.60 billion constant LCU | +74.0% |
| 2002 | 2.16 billion constant LCU | -16.9% |
| 2003 | 2.09 billion constant LCU | -3.3% |
| 2004 | 1.72 billion constant LCU | -17.9% |
| 2005 | 1.52 billion constant LCU | -11.4% |
| 2006 | 912.52 million constant LCU | -40.0% |
| 2007 | 802.02 million constant LCU | -12.1% |
| 2008 | 756.69 million constant LCU | -5.7% |
| 2009 | 658.12 million constant LCU | -13.0% |
| 2010 | 707.15 million constant LCU | +7.5% |
| 2011 | 4.01 billion constant LCU | +466.9% |
Eritrea compared with similar countries
- Eritrea's 4.01 billion constant LCU is below the median for low income countries, which is 873.06 billion constant LCU, 0% of the median. (19 countries reporting)
- Eritrea's 4.01 billion constant LCU is below the median for Sub-Saharan Africa, which is 949.72 billion constant LCU, 0% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (constant LCU) 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 |
|---|---|---|---|
| 2011 | +466.9% | 707.15 million constant LCU | 4.01 billion constant LCU |
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
- Real gdp growth, annual growth rate -70.56 % change on previous year (2019)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.65 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2011)
- SDRs holdings, US dollar, per capita 6.53 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.25 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0017 units per US$ of GDP (2011)
- SDRs holdings, SDR, per capita 4.77 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Eritrea?
- Gross fixed 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 fixed capital formation recorded in Eritrea?
- The highest recorded value was 4.01 billion constant LCU in 2011.
- What is the lowest gross fixed capital formation recorded in Eritrea?
- The lowest recorded value was 361.18 million constant LCU in 1992.
- How does Eritrea rank for gross fixed capital formation?
- Eritrea ranks 147th out of 168 countries with data for 2011.
- Is gross fixed 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 fixed capital formation (constant LCU). 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 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.