Gross Fixed Capital … Standard Local Currency rate annual growth in Eritrea
Eritrea: Gross Fixed Capital … Standard Local Currency rate annual growth was -1.96 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Eritrea, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Eritrea recorded -1.96 % change on previous year for gross fixed capital formation — value standard local currency, 2015 in 2024.
That represents a change of up 57.1% on the previous year and up 80.3% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Eritrea peaked at 69.78 % change on previous year in 2019 and was at its lowest, -63.48 % change on previous year, in 2018.
Eritrea ranks 189th of 222 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 … Standard Local Currency rate annual growth in Eritrea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 8.18 % change on previous year | — |
| 1992 | 25.02 % change on previous year | +205.9% |
| 1993 | -1.95 % change on previous year | -107.8% |
| 1994 | 4.26 % change on previous year | -318.4% |
| 1995 | 6.71 % change on previous year | +57.7% |
| 1996 | 30.64 % change on previous year | +356.3% |
| 1997 | 25.46 % change on previous year | -16.9% |
| 1998 | 12.25 % change on previous year | -51.9% |
| 1999 | 34.49 % change on previous year | +181.5% |
| 2000 | -45.59 % change on previous year | -232.2% |
| 2001 | 41.79 % change on previous year | -191.7% |
| 2002 | -13.5 % change on previous year | -132.3% |
| 2003 | -1.81 % change on previous year | -86.6% |
| 2004 | -22.05 % change on previous year | +1118.4% |
| 2005 | 34.02 % change on previous year | -254.3% |
| 2006 | -36.61 % change on previous year | -207.6% |
| 2007 | -11.15 % change on previous year | -69.5% |
| 2008 | -13.6 % change on previous year | +22.0% |
| 2009 | -5.32 % change on previous year | -60.9% |
| 2010 | 50.41 % change on previous year | -1046.7% |
| 2011 | -20.59 % change on previous year | -140.9% |
| 2012 | -11.86 % change on previous year | -42.4% |
| 2013 | -8.08 % change on previous year | -31.8% |
| 2014 | -9.94 % change on previous year | +23.0% |
| 2015 | 10.33 % change on previous year | -203.9% |
| 2016 | -23.13 % change on previous year | -324.0% |
| 2017 | 7.37 % change on previous year | -131.9% |
| 2018 | -63.48 % change on previous year | -961.0% |
| 2019 | 69.78 % change on previous year | -209.9% |
| 2020 | 59.54 % change on previous year | -14.7% |
| 2021 | -17.65 % change on previous year | -129.6% |
| 2022 | -2.85 % change on previous year | -83.8% |
| 2023 | -4.57 % change on previous year | +60.2% |
| 2024 | -1.96 % change on previous year | -57.1% |
Eritrea compared with similar countries
- Eritrea's -1.96 % change on previous year is below the median for low income countries, which is 4.8 % change on previous year. (23 countries reporting)
- Eritrea's -1.96 % change on previous year is below the median for Sub-Saharan Africa, which is 4.3 % change on previous year. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.12 % change on previous year | -1.95 % change on previous year | 34.49 % change on previous year | 9 |
| 2000s | -7.38 % change on previous year | -45.59 % change on previous year | 41.79 % change on previous year | 10 |
| 2010s | 0.0792 % change on previous year | -63.48 % change on previous year | 69.78 % change on previous year | 10 |
| 2020s | 6.5 % change on previous year | -17.65 % change on previous year | 59.54 % change on previous year | 5 |
Countries ranked near Eritrea
- 186 Chile -1.45 % change on previous year compare
- 187 Tajikistan -1.67 % change on previous year compare
- 188 Norway -1.91 % change on previous year compare
- 190 Equatorial Guinea -1.98 % change on previous year compare
- 191 Poland -2.24 % change on previous year compare
- 192 Brunei -2.38 % change on previous year compare
- 192 Brunei Darussalam -2.38 % change on previous year compare
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 — value standard local currency, 2015 in Eritrea?
- Gross fixed capital formation — value standard local currency, 2015 in Eritrea was -1.96 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Eritrea?
- The highest recorded value was 69.78 % change on previous year in 2019.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Eritrea?
- The lowest recorded value was -63.48 % change on previous year in 2018.
- How does Eritrea rank for gross fixed capital formation — value standard local currency, 2015?
- Eritrea ranks 189th out of 222 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Eritrea?
- Over the last ten years it is up 80.3%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.