Gross fixed capital formation in Eritrea
Eritrea: Gross fixed capital formation was 12.6% in 2011. ▼ Falling
Gross fixed 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 fixed capital formation in 2011.
The figure is up 1.9% on the previous year and down 64.2% over ten years.
Over the whole period, gross fixed capital formation in Eritrea peaked at 45.5% in 1999 and was at its lowest, 7.8%, in 1992.
Eritrea ranks 163rd of 180 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Gross fixed 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)
- GDP deflator (base year varies by country), annual growth rate 19.54 % change on previous year (2011)
- Gross value added at basic prices (GVA) (current US$), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9721 current US$ per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current US$), per capita 625.02 current US$ per person (2009)
- Gross value added at basic prices (GVA) (current LCU), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 14.95 current LCU per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current LCU), per capita 9,610 current LCU per person (2009)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.29 % change on previous year (2009)
Frequently asked questions
- What is gross fixed capital formation in Eritrea?
- Gross fixed 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 fixed capital formation recorded in Eritrea?
- The highest recorded value was 45.5% in 1999.
- What is the lowest gross fixed capital formation recorded in Eritrea?
- The lowest recorded value was 7.8% in 1992.
- How does Eritrea rank for gross fixed capital formation?
- Eritrea ranks 163rd out of 180 countries with data for 2011.
- Is gross fixed 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 fixed capital formation (% of GDP). 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 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.